Double Crown Resources Announces Intent to Acquire Coast to Coast Minerals, LLC with Contracts Under Development
April 30 2015 - 10:46AM
InvestorsHub NewsWire
Double Crown Resources Announces Intent to Acquire Coast
to Coast Minerals, LLC with Contracts Under Development Including
Yearly 700,000 Metric Ton Iron Ore Sales for a 3 Year
Period
HENDERSON, NV -- April 30, 2015 -- InvestorsHub NewsWire -- Double
Crown Resources, Inc. (OTCQB:
DDCC), a fully reporting company, announces the signing of a
Memorandum of Understanding (MOU) to acquire 100% of the
ownership interest in Coast to Coast Minerals, LLC ("CTCM"),
a Texas limited liability company,
with mineral properties including iron ore, high
grade barite and a variety
of commodity resources. CTCM also has
commercial relationships in Mexico. This acquisition, in
exchange for DDCC equity, will provide Double
Crown with established logistical
relationships for trucking, rail transport and water
shipping throughout Mexico. Additionally, CTCM has a
signed Letter of Intent (LOI) and Full Corporate Offer
(FCO) to sell up to 700,000 metric tons of iron ore over a three
year period. We anticipate that this LOI will develop into a
contract in the near term.
CTCM is also negotiating contracts for the supply of
materials including, but not limited to, strategic minerals
and commodities to global buyers. CTCM has a registration with
the Padron de Exportadores for exporting ferrous minerals and
precious metals. Also, CTCM's resources include the minerals
barite and bentonite, as well as others. Marvin
Blethen, PE, President of Blethen Mine Consultants, LLC who
serves as one of Double Crown's Mining & Oilfield Project
Specialists, has reviewed the geologic data provided by CTCM and
believes the properties to be viable mining sources
with quality mineral assets. Mr. Blethen will
continue to review additional requested information during the due
diligence period of the MOU.
Regarding the MOU and associated new business plans, President
Allen E. Lopez stated, "Our Double Crown Resources team already has
a great working relationship with Coast to Coast
Minerals. The highly complementary functions and assets of
our two companies make this acquisition an ideal
corporate development at the current time. Coast to
Coast will provide us with access to a wide variety
of products in Mexico as well as an opportunity
to implement the TransLock² system for our own
deliveries. TransLock² will thus be able to demonstrate its
commercial viability and unmatched capabilities generating
multiple benefits and significant cost savings for our
purchasers. The potential sales agreements that Coast to
Coast has in negotiations may provide us with the ability to
create positive cash flow for Double Crown Resources in
the near term."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. (Trading
Symbol: DDCC) is a public, fully reporting company in the
natural resource development and supply business with a primary
focus on marketing the patent-pending, multi-advantage
container system called TransLock² (TransLock Squared).
This system is designed for highly efficient, economical
and environmentally friendly shipment of aggregate
commodities to the oilfield services industry.
TransLock² may also be used to transport fluid shipments for
a wide range of other industries including agriculture, chemicals,
construction, etc. Oilfield service & commodity
supply projects are another main focus of marketing
activity. Additionally, the company holds a 100%
interest in the Bateman gold & 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. 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, CEO & Chairman of the Board
10120 S. Eastern Ave. Suite 200
Henderson, Nevada 89052
Phone: (707) 961-6016
Email:info@doublecrownresources.com