Double Crown Resources Announces Signed Contract for Gold Deliveries Valued at Over $20 Million per Month Throughout 2016
HENDERSON, NV, Jan. 07, 2016 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), a fully reporting company, is very pleased to announce that a final contract has been signed with a major buyer of precious metals from South Korea for regular shipments of gold products in 2016 valued at over $20 million per month, gross revenue. Terms of the agreement specify monthly deliveries of no less than 500 kg of gold doré bars and 100 kg of gold bullion over the next 12 months. Precious metals sources for these orders will be from multiple locations in Double Crown's established mining resource network throughout Central & South America. Double Crown anticipates arranging for the first shipment to be sent within the month of January.
Furthermore, Double Crown management is continuing negotiations for multiple Latin American mining resource acquisitions with key precious metals reserves. The strong demand developing in the current world markets for these products is providing a great opportunity for expansion of our business plans in the precious metals marketing sector. This week The Wall Street Journal and other major media sources cited rising global political tensions as a current force driving gold & precious metals prices higher.
In addition to the 1st commercial contract for gold shipments just completed, a number of other specific precious metals supply agreements are also moving forward at this time. New details will be announced as developments occur. Double Crown management looks forward to keeping shareholders well informed of our progress as we expect a strong and prosperous year for the company ahead in 2016.
About Double Crown Resources, Inc.
Double Crown Resources, Inc., is a public, fully reporting company in the natural resources industry. In addition to our oilfield services business, we market the patent-pending, multi-advantage container system called Translock². This system is designed for highly efficient, economical and environmentally friendly shipment of aggregate commodities to the oilfield services industry. Additionally, we hold a 100% interest in the Bateman gold and 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.
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. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's annual report on Form 10-K for the year ended December 31, 2014 as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com.