Double Crown Resources Changes Name From Denarii Resources to Reflect New Management and Expanded Business Plans
November 10 2011 - 8:00AM
Double Crown Resources, Inc. (OTCBB:DDCC), which was formerly known
as Denarii Resources, Inc. (OTCBB:DNRR), has changed its
company name and stock symbol to better reflect newly
appointed management and expanded business venture plans. These
changes are effective as of today. There will be no
forward or reverse split associated with this change.
Shareholders will own the same number of shares in Double
Crown as they did in Denarii. Double Crown Resources will
continue as a fully reporting, OTCBB listed company and will strive
for the highest levels of investor transparency. A new company
website has been launched and can be viewed at:
www.doublecrownresources.com.
Double Crown Resources has put in place a new management team
with a diverse selection of skills and experience including well
established experts in the natural resource exploration and
development field. The new management team members and
their qualifications are listed on the Directors page of the new
company website.
Previously, Denarii Resources had been limited to gold and
mineral exploration/development of selected properties in North,
South and Latin America. Double Crown Resources will
continue with this segment of the company's business plan.
Additionally, the company will pursue new programs
of exploration, development and marketing of key mineral, oil,
gas and other resources which are in high demand from today's
industrial market. There will also be expansion into the solar
energy sector. It is anticipated that these new ventures will add
significantly to the company's long term revenue and
profit potential. Detailed announcements on these new ventures
will be forthcoming.
David Figueiredo, President, Chief Executive Officer and a
member of the Board of Directors commented, "We see a very
positive future for Double Crown Resources now under the
new organization which has been painstakingly put together over the
past several months. I feel completely confident that the
company is well on track to proceed on multiple projects which
are designed to deliver increased shareholder value for our
investors and to do so at an accelerated pace. We do
understand that the progress of Denarii Resources was somewhat slow
in the past and it is one of our primary objectives to rectify that
now. This is the beginning of a new era for everyone
involved. I look forward to keeping our shareholders informed on a
regular basis as we go forward together."
About Double Crown Resources, Inc. Double Crown Resources
Inc. is a natural resource exploration and development company
holding a 100% interest in the McNab molybdenum property located in
Southwest, British Columbia, Canada and the Bateman gold &
nickel prospect near Thunder Bay,Ontario, Canada. In
addition, Double Crown is targeting new properties that
have the potential for early positive cash flow. The company
is presently reviewing a number of natural
resource properties that are near to, or in production,
located in North, South and Latin America. Double Crown Resources,
Inc., originally founded in 2006 as Denarii Resources Inc., is
based in Arcata, California. 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/
CONTACT: David Figueiredo, President and Chief Executive Officer
Double Crown Resources, Inc.
109 H Street
Arcata, CA 95521
Phone: (707) 964-2651
eMail: doublecrownresources@gmail.com