HENDERSON, NV, Dec. 1, 2015 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), a fully reporting company, is pleased to announce that a second customer for the oilfield drilling mineral barite is currently in talks to place new orders of significant size. This customer is also interested in negotiating its own multi-year Master Purchase Agreement (MPA) which may be as large or larger than Double Crown's first MPA for barite valued at $20 million, announced in November. Our latest shipment of high grade 4.2 density and above barite is scheduled to arrive at the Port of Houston next week and will be followed by another, larger shipment of 10,000 metric tons soon after. The new U.S. based customer is meeting with Double Crown's President Allen E. Lopez this week to work out purchase agreements for both these current shipments and plan for a long-term supply agreement.
Regarding this new customer, Mr. Lopez commented, "Double Crown Resources is starting to get noticed in the field of industrial commodity supply. After the announcements of our first two major supply agreements for barite and cement copper recently, we have been receiving an increasing volume of inquiries for a range of industrial minerals and related commodities. The word is starting to get around that Double Crown has now emerged as a capable source for high quality materials and also, just as importantly, that we have the logistical networks and infrastructure in place to deliver these materials wherever they are needed. We are looking ahead to serving every customer who comes to us with the best products and the most efficient, cost-effective deliveries for many years 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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