HENDERSON, NV, Dec. 10, 2015 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), a fully reporting company, from its inception has had the exploration, development and delivery of gold and other precious metals as a core component of its business plan. Double Crown currently holds 100% ownership of the Bateman gold & nickel property located near Thunder Bay, Ontario, Canada. At this time Double Crown management is planning for new supply agreements of gold and other precious metals from our established mining relationships in Latin America to buyers who have come to us from the Asian markets. The first of these precious metals agreements is for a weekly delivery of up to 500 kg of doré bars (a semi-pure alloy of gold & silver destined for later refinement). Furthermore, to firmly establish our position in the precious metals markets, Double Crown is currently engaged in negotiations and has issued a Letter of Intent (LOI) to acquire a majority ownership position in a viable Latin American gold & silver resource company. Completion of this acquisition will ensure that Double Crown can meet expected precious metals orders in a timely and efficient manner from any customers worldwide.
The precious metals markets have traditionally had some of the highest monetary return rates and are poised for intensive activity in 2016 and beyond. With the development of new agreements for these highly valued commodities and also the planned acquisition of major new mining sources, we are laying the groundwork for Double Crown to begin profiting from this important segment of our supply business. On other fronts, our industrial mineral supply projects are also moving forward. Double Crown representatives are currently meeting with the second buyer for our barite mineral shipments in Houston and working to finalize orders and a long-term supply agreement with them as well. Overall, Double Crown is a very busy company now and we look forward to much more to come.
About Double Crown Resources, Inc.
Double Crown Resources, Inc., is a public, fully reporting company in the natural resources industry. In addition to our oilfield services business, we market the patent-pending, multi-advantage container system called Translock². This system is designed for highly efficient, economical and environmentally friendly shipment of aggregate commodities to the oilfield services industry. Additionally, we hold a 100% interest in the Bateman gold and nickel prospect near Thunder Bay, Ontario, Canada. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV with marketing offices in Houston, TX.
Neither this press release nor any related calls or discussions constitutes an offer to sell, or the solicitation of an offer to buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's annual report on Form 10-K for the year ended December 31, 2014 as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com
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Double Crown Resources, Inc. Jerold S. Drew, CEO & Chairman of the Board 10120 S. Eastern Ave. Suite 200 Henderson, Nevada 89052 Phone: (707) 961-6016 Email: info@doublecrownresources.com
