HENDERSON, NV -- (Marketwired) -- 04/30/13 -- Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, "Double Crown"), is pleased to announce a 3rd non-brokered private placement funding of $75,000 has been received by the company bringing the grand total for 2013 over $331,000 to date. This latest direct financial support has come from Mr. Alexander Fernandez, President of Double Crown's established marketing partner company, PetroIntel Global, LLC (www.petrointelglobal.com) and also his Taiwan-based petroleum industry investment group associates. In return for this immediate cash infusion, 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 .01 level which is 100% higher than the initial 2013 private placements, denoting recent appreciation in DDCC share value and also continued progress with Double Crown's developing projects.
Funding from all the private placements coming into Double Crown at this time will help to advance and accelerate the multiple projects which have been detailed in recent DDCC news. This newest investment from the president of our established marketing partner company, PetroIntel and his Asian investor associates, reflects our increasing corporate positioning to serve both domestic and international petroleum industry customers. As previously announced, Double Crown and PetroIntel representatives are currently working towards the signing of specific high value contracts with a major petroleum refiner based in Texas to market transportation and aviation fuel products worldwide. One major potential customer for this project is a global buyer of aviation fuel which has expressed a need for large volume shipments of Jet A fuel on a monthly basis. Additional joint projects between Double Crown and PetroIntel also continue to be developed to supply and support active petroleum producing operations in Texas and other North American shale formations.
President and CEO Jerry Drew commented, "The confidence in Double Crown Resources being so directly demonstrated by our private placement investors in 2013 could not be more clear or more appreciated. We are moving steadily forward with the varied and high potential projects in our business plan at this time specifically because of the strong and timely support of these proactive investors. In particular, Alexander Fernandez, President of PetroIntel Global, deserves our most sincere acknowledgement for all his efforts. In addition to continuous development of the marketing capabilities for the strategic alliance of our two companies, Mr. Fernandez is stepping up to help ensure that we have the financing on hand to put our extensive planning into action via his own long-term investment in DDCC and that of his international investor group associates. Mr. Fernandez is an astute, due diligence investor who holds major equity positions in a well diversified oil & gas portfolio that invests in resource and midstream asset companies. We intend to do everything in our power to see that all DDCC investors are rewarded and also kept regularly informed of our progress."
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
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.
President and CEO
2312 N. Green Valley Parkway, Suite 1026
Henderson, Nevada 89014
Phone: (707) 961-6016
Most Popular Stories
- Boehner Lashes Out Against Ted Cruz, Far Right
- Hawaii Official Who Release Obama Certificate Only Victim of Plane Crash
- TFA Recruiting DACA Recipients
- Holiday Shopping Off to a Slow Start This Season
- Ford Plans New Cars, Jobs in 2014
- Gold, Silver Slide on Prospects of Fed Exit
- 'Rape Insurance' Bill Passes in Michigan
- Ted Cruz Coloring Book Selling Briskly
- Kim Jong Un's Uncle Executed
- Grizzly Bears Could Be Taken Off Endangered List