HENDERSON, NV, Sept. 9, 2015 (GLOBE NEWSWIRE) — Double Crown Resources, Inc. (DDCC), a fully reporting company, is pleased to announce that its CEO, Jerold S. Drew has added to his recent purchases of DDCC common stock with over 580,000 more shares bought in the open market last week. In total Mr. Drew has purchased over 1.68 million shares within the past 60 days. All the purchases were executed through the CEO’s personal brokerage account with his own funds. Specific details are disclosed in Double Crown’s Form 4 filing made on September 8th.
CEO Jerold S. Drew commented, “With the increasingly positive developments of Double Crown Resources to date, including the recent announcement regarding the first commercial production of our advanced Translock² system, I see DDCC stock as a very high value investment opportunity. I began purchasing DDCC shares in the open market during July and, as our company business plan has continued to meet with success, I have decided to continue with additional share purchases for my own holdings. In accordance with SEC regulations, the company has made the appropriate Form 4 filings for all my purchases and will make additional filings as periodically required. Going forward into the remainder of 2015 and looking ahead to much larger strides in 2016, it is my hope that every investor in DDCC will follow our news and developments closely as we anticipate making announcements of increasing importance.”
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.
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. 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.
CONTACT: 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: [email protected]