SOURCE: Double Crown Resources, Inc.

Double Crown Resources, Inc.

April 23, 2013 09:00 ET

Double Crown Resources Receives Additional Private Placement Funding, 2013 Total Now Over $256,000

High Potential Transport System Plans Funded and Progressing

HENDERSON, NV--(Marketwired - Apr 23, 2013) - Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, "Double Crown"), is pleased to announce that a new, non-brokered private placement funding of $80,000 has recently been received by the company, bringing the total for 2013 over $256,000 to date. The latest cash infusion has come from a private individual who is not directly affiliated with Double Crown but has been a significant, long-term investor in the company. In return for this immediate financial support, restricted shares were issued which cannot be traded in the open market until after a six month holding period. These restricted shares were priced at the .0072 level which is higher than the previous private placements, reflecting recent appreciation in DDCC share value.

All of the private placement funding coming into Double Crown at this time will support company operations and project expansion plans in 2013. New projects include the design, development and production of the company's patent pending aggregate material transport system called Transprop Agg. It is expected that the Transprop Agg will meet heavy market demand for a high capacity, single transfer method of delivering aggregate state commodities such as fracturing (frac) sand or agricultural products. Progress with the Transprop Agg project is moving forward steadily now and additional investor updates will be forthcoming. Double Crown management feels the Transprop Agg system has the highest potential of all its current projects to result in major revenue contracts. In addition to utilizing the Transprop Agg for its own deliveries of aggregate commodities, Double Crown management intends to lease the units to outside users.

President and CEO Jerry Drew commented, "This most recent private placement investment in Double Crown Resources comes from a person who our management has known from the time we first came into the company in 2011 and who has followed the company since even before then. We were always pleased that he has consistently maintained a large, long-term holding in DDCC because he understood the high potential for our company, just as we do. Now that this investor has seen all the ground laying progress we have made, the projects currently under development and the major plans we have for the future such as our new Transprop Agg system, he has come to us and offered additional financial support. His increased investment at this time is greatly appreciated and is already being put into action. Our primary job is to ensure that the company moves forward with its business model of diversified natural resource project development so that all of our investors are rewarded. Private placement investors deserve special thanks and acknowledgement because of the extra level of confidence in us they demonstrate."

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the above-mentioned securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities issued in this private placement have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and were issued and sold in a private placement pursuant to Regulation D of the Securities Act.

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

Contact Information

  • CONTACT:

    Double Crown Resources, Inc.
    Jerry Drew
    President and CEO
    2312 N. Green Valley Parkway, Suite 1026
    Henderson, Nevada 89014
    Phone: (707) 961-6016
    Email: info@doublecrownresources.com