HENDERSON, Nev.--(BUSINESS WIRE)--Oct. 29, 2013--Double Crown Resources, Inc. (OTCQB:DDCC), a fully reporting company (hereinafter, "Double Crown"), is pleased to announce a 4th round of non-brokered private placement funding totaling $359,000 has been received by the company from May 1st through October 25th bringing the grand total for 2013 over $690,000. In return for these cash infusions from individuals who wished to support and invest in Double Crown, restricted shares were issued which cannot be traded in the open market until after a six month holding period. The 3rd and 4th round placement restricted shares were priced at the .01 level which is 100% higher than those from the initial 2013 placement rounds, reflecting company progress and advancement of our business plans.
The latest private placement funds have allowed Double Crown to make very significant progress with its new venture plans for servicing the strongly growing oilfield energy sector, most notably the expansion of North American shale drilling fields through hydraulic fracturing and also off-shore wells. All of these operations require high tonnage supplies of key strategic minerals and related materials which Double Crown will be able to supply in a very efficient, economical and environmentally friendly way. The most important steps to the achievement of this goal have been the company's completion of its new, patent pending aggregate material transport container system, called Transprop AGG as well as the long term leasing of a large materials processing & shipping plant in New Orleans, LA. This plant has been master planned for the ideal use of the Transprop AGG containers which have now been perfected and are ready for commercial mass production. Photos, diagrams and more detailed information on both the Transprop AGG and the New Orleans plant can be reviewed on the company website at: http://www.doublecrownresources.com/.
CEO & Chairman of the Board Jerold Drew commented, "Let me express the most sincere appreciation of our entire management team to the private investors who have stepped up and provided the critical and timely support needed by Double Crown Resources to bring our plans to the success we are seeing at this time. As recently announced by the company and shown on our website, the game changing Transprop AGG will introduce a new level of service and support to our oil industry customers who will benefit from its much improved method of aggregate commodity delivery. We are anxious to start showing a recently completed, fully functional demonstration Transprop AGG unit to our customers, associates and investors who would like to see it directly. For this purpose the demonstration unit will soon be set up at a location in Houston very near our new DDCC Marketing Group office. We will be happy to take visitors on appointment to inspect this Transprop AGG unit and see its unique features for themselves. Double Crown Resources believes this technological and logistical advancement will make a major contribution to western energy independence and aggregate commodity shipment methods worldwide."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield supply & service projects that have the potential for early positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
For more information, please visit: http://www.doublecrownresources.com/
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. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com/.
