Henderson, Nevada, Dec. 29, 2015 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), a fully reporting company, announces that its management has been evaluating and working diligently to focus and apply our business plan for the demands of the global markets in 2016. With the completion of base contracts and Master Purchase Agreements now in place for the delivery of barite to the offshore drilling market, Double Crown has developed many relationships throughout Central and South America with mine owners and mining operators in the regions. These relationships have naturally progressed into multiple mineral negotiations as well. It is Double Crown management’s decision and belief that the precious metals global markets are trending towards a strong resurgence in 2016. Utilizing our existing industry relationships and marketing agreements, Double Crown is currently negotiating for several key mineral resource acquisitions throughout Central and South America. These are for multiple precious metal reserves for a variety of business agreements.
Double Crown already has 100% ownership in the Bateman gold and nickel property located in Thunder Bay, Ontario, and has in recent months performed due diligence to invest further in this area. Additionally, we are close to finalizing our first contract for the delivery of gold doré bars and will be meeting with the South Korean buyers in our Houston offices this week. The purpose for this meeting is to contract for the first shipment and for the buyer to demonstrate proof of funds for the transaction. Also at this time, we are in the latter stages of completing our Letter of Intent to acquire a majority mine ownership in one of the highest performing regions for precious metals in South America. We believe we will have a contract in place in early 2016 for this acquisition.
Double Crown management looks forward to reporting company progress in the new year on a regular basis and in keeping our shareholders informed of new developments. We believe this announcement is important so our shareholders understand where we intend to go in 2016 as a company and how we intend to get there. As with all dealings in commodities, safekeeping and transport are primary cost concerns and challenges. We believe that by employing our patent-pending bulk commodity transport system, we will bring the greatly improved efficiencies that it offers to the mining industry. Along those lines we expect to introduce state of the art equipment specified for use in all types of mining operations, equipment that protects the integrity of the land and provides for a green and clean environment.
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.