HENDERSON, NV — (Marketwire) — 11/09/12 — Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, “Double Crown”), today announces a proposed joint venture with U.S. Sand, LLC of Houston, TX. The purpose of this partnership will be to supply vital fracturing (frac) sand and related commodities to active, on-shore oil and gas drilling operations. U.S. Sand already has contracts in place with major suppliers for large scale delivery of top quality frac sand and guar powder/gum. Additionally, Double Crown now has its own established source for the mineral barite (barium sulfate). All of these commodities are vitally needed in increasing quantities by modern, on-shore oil and gas drillers.
Since the start of 2012, Double Crown has been diligently developing its capabilities to move into the business of oilfield service and supply. New members of our management team have brought with them a wealth of business experience and connections in this area, which is now beginning to yield significant developments to the company. Double Crown–s new relationship with U.S. Sand will be a result of the well-established association between our Oilfield Service Specialist, Allen E. Lopez, and Mr. Jose Gonzalez, President of U.S. Sand. The entities are currently negotiating the details of the proposed joint venture and will be visiting active oil/gas drillers in the Bakken and Eagleford Shales located in North Dakota and southern Texas. Double Crown management anticipates that the joint venture will be consummated, however, both parties remain in due diligence. Arrangements have been made to supply frac sand, guar gum, and barite to meet the regional demands. Representatives of both companies are meeting this week in Las Vegas, NV, along with potential purchasers with the intent to enter into binding contracts in the near future.
Double Crown will also be working to set up arrangements for the shipment of crude oil products from the Bakken and Eagleford shales to the Gulf Coast, and we are in negotiations with partners who have strategic petroleum terminals and Gulf Coast transloads. These shipments will be facilitated via our established working relationships between Double Crown and Canaan Oilfield Services, LLC of Bellaire, TX, and other partnership entities to be established.
Commenting on these latest developments, Double Crown–s President & CEO, Jerry Drew stated, “This is a very energetic and exciting time for Double Crown Resources. We are extremely pleased to have our joint venture partnership with the very capable and well-connected Mr. Jose Gonzalez and his company U.S. Sand. We are expecting projects to move forward quickly now, which will provide our customers with the important drilling commodities they need and also deliver significant revenues to both our companies.”
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the McNab molybdenum property located in Southwest, British Columbia, Canada and the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield 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.
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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
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Double Crown Resources, Inc.
Jerry Drew
President and CEO
2312 N. Green Valley Parkway, Suite 1026
Henderson, Nevada 89014
Phone: (707) 961-6016
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