Double Crown Resources Provides Shareholder Update on Plans for Funding Full Execution of Company Mission
July 31 2014 - 10:30AM
Business Wire
Enhanced Business Plan Completed and Being Presented to
Major Lending Institutions
July 31, 2014 -- Double Crown Resources, Inc. (OTCQB:
DDCC), a fully reporting company, (hereinafter, "Double
Crown") would like to update its shareholders and associates on
plans for a full execution of the company's mission in
the 2nd half of 2014 and beyond. To date, Double Crown
management has made great progress positioning the company as
a first class supplier of vital oilfield service minerals
and related commodities. Chief among these materials are
fracturing sand, the mineral barite, plant-based guar gum and
specialty chemicals. We have established excellent
relationships with our product suppliers, strategic
alliance partners and our customer base which includes
some of the largest petroleum industry names. Double Crown
plans to meet all the requirements of its
customers by fully implementing our company
business plan which has just been comprehensively revised
to reflect all of our assets, industry expert
personnel & associates, properties, resources and our
patent-pending material transport technology. With this enhanced
business plan in hand, Double Crown management is currently engaged
in talks with major lending institutions to arrange a
long-term financial support package for the company.
The financial package now being negotiated for Double
Crown is intended to fund the following high priority projects to
full development:
1. Renovation, reconstruction and upgrades of our materials
processing plant & bulk terminal at New Orleans, Louisiana.
When all planned work is completed this facility will be set up for
high volume fracturing sand drying/preparation, barite grinding and
guar slurry mixing.
2. Completing corporate acquisitions of key commodity product
suppliers and construction of needed processing
facilities at their respective locations.
3. Commencing mass production of Double Crown's
multi-advantage, patent-pending aggregate materials transport
container system for the most efficient, cost effective and
environmentally friendly delivery of our products. This system will
also be offered for lease to outside users in a variety of
transport roles including agricultural applications.
Double Crown management also wishes to reaffirm its message to
shareholders that we greatly appreciate the support of
all investors who have helped bring the company to its current
state of capability and industry positioning. Our management
remains committed to working for the enhancement of DDCC
shareholder value. One important point we would like to make is
that we have no plans to execute any reverse stock split at
this time. Additionally, Double Crown management recognizes
the importance of keeping its investors informed about company
status and progress. To meet this
responsibility we operate as a fully reporting company
with complete SEC filing compliance. We also issue news
releases, website updates, audio interviews, video
presentations and other communications as often as possible.
We further invite shareholders to contact us with questions or
comments at any time or to visit our offices by
appointment and meet with us in person.
This is a very high potential time for Double
Crown and our industry. Demand and growth in the petroleum
energy market is expanding at a dynamic pace today, especially
in the North American and other shale oilfields at which there is a
huge need for the commodity products our company is
set up to supply. Much of this demand is due to the
increasing employment of modern extraction methods such as
hydraulic fracturing. Between 2000 and 2013, the oil and gas
industry invested over $2 trillion in U.S. capital projects to
advance all forms of energy and the industry is expected to invest
more than $5.1 trillion in cumulative expenditures by 2035. In the
United States, approximately 35,000 wells are hydraulically
fractured annually. More than 1 million wells have been
hydraulically fractured since the 1940s. The movement for American
energy independence is expected to continue to drive the growth in
domestic exploration and production. With the combination of our
established high quality product resources, our newly redesigned,
patent-pending, aggregate material transport system and our New
Orleans processing plant & bulk terminal, Double Crown has the
potential to become a very significant participant in
the modern petroleum energy market. We are working every
day to fulfill all of this potential and live up to our corporate
slogan; "We drive the minerals that drive the market."
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 near-term 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.
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. 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/.
Double Crown Resources, Inc.Jerold S. Drew, 707-961-6016CEO
& Chairman of the Board10120 S. Eastern Ave. Suite
200Henderson, Nevada 89052info@doublecrownresources.com