In addition to the TransLock production, don't forget Double Crown recently announced their intended acquisition of the Coast to Coast Minerals company (and its developing business deals). It says right in the announcement that this acquisition will be made in exchange for DDCC equity. Just one more major piece of the plan that the new shares will be used for.
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Double Crown Resources Announces Intent to Acquire Coast to Coast Minerals, LLC with Contracts Under Development Including Yearly 700,000 Metric Ton Iron Ore Sales for a 3 Year Period
HENDERSON, Nev., April 30, 2015 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company, announces the signing of a Memorandum of Understanding (MOU) to acquire 100% of the ownership interest in Coast to Coast Minerals, LLC ("CTCM"), a Texas limited liability company, with mineral properties including iron ore, high grade barite and a variety of commodity resources. CTCM also has commercial relationships in Mexico. This acquisition, in exchange for DDCC equity, will provide Double Crown with established logistical relationships for trucking, rail transport and water shipping throughout Mexico. Additionally, CTCM has a signed Letter of Intent (LOI) and Full Corporate Offer (FCO) to sell up to 700,000 metric tons of iron ore over a three year period. We anticipate that this LOI will develop into a contract in the near term.
