HENDERSON, NV, July 29, 2015 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), a fully reporting company, is pleased to announce that its CEO, Jerold S. Drew has recently purchased a total of 1.1 million shares of DDCC common stock at current market prices between .0190 and .0198. The purchases were all 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 July 28th.
CEO Jerold S. Drew commented, "With all of the progress and developments of Double Crown Resources to date, including the commencement of our first revenue generating projects this year, I consider DDCC stock to be very undervalued and attractive. In accordance with SEC regulations, the company has made the appropriate Form 4 filing for my recent purchases and will also make additional filings as periodically required. The very high expectations, global market potential and long-term goals we have for Double Crown, combined with the achievements the company has made in 2015 especially, should give strong confidence to all of our investors. My decision to add to my personal stock holdings at this time was based not only on anticipation of significant investment appreciation but also to help tangibly illustrate the bright future we see for this company and our strong commitment to all DDCC shareholders."
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 (Trans-lock Squared). 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.
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: firstname.lastname@example.org Source:Double Crown Resources, Inc.