HENDERSON, NV, Aug. 25, 2015 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), a fully reporting company, would like to provide a current update on the processing and delivery of the oilfield drilling mineral order originally announced in April which has been paid for in full. The first shipment of this order has been loaded onto its ocean-going cargo ship at a major Mexican port and the vessel is now in transit to its port of destination. When the final shipment is made, Double Crown's CEO, Jerold S. Drew will be on site with our local representatives to complete the transfer process and audit the materials for our customer.
Double Crown management anticipates this order to be the first of many to come and has been planning for a long term supply agreement with the oilfield service company customer for many months. A Master Purchase Agreement (MPA) has been negotiated by both parties laying out plans for regular shipments of high grade drilling commodities to active oilfield drilling operations over the next three to five years. Finalization details for this MPA will be worked out after the first order delivery is completed. Double Crown is confident in its ability to fulfill this vital role in logistical supply chain management via its multiple and varied relationships with mining operations and suppliers of related commodities ranging worldwide.
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.