Last $0.01 USD
Change Today -0.0001 / -0.67%
Volume 247.6K
DDCC On Other Exchanges
Symbol
Exchange
OTC US
As of 1:41 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

double crown resources inc (DDCC) Snapshot

Open
$0.02
Previous Close
$0.02
Day High
$0.02
Day Low
$0.01
52 Week High
11/4/13 - $0.05
52 Week Low
02/20/14 - $0.0081
Market Cap
7.3M
Average Volume 10 Days
457.6K
EPS TTM
--
Shares Outstanding
491.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DOUBLE CROWN RESOURCES INC (DDCC)

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double crown resources inc (DDCC) Details

Double Crown Resources, Inc. operates as a natural resource exploration and development company in Canada. It has a 100% interest in the Bateman gold and nickel prospect that consists of 136 claim units covering a series of nickel-colbalt-gold-platinum group element prospects and is located to the northwest of Thunder Bay, Ontario. The company was formerly known as Denarii Resources Inc. and changed its name to Double Crown Resources Inc. in November 2011. Double Crown Resources, Inc. was founded in 2006 and is headquartered in Henderson, Nevada.

4 Employees
Last Reported Date: 04/11/14
Founded in 2006

double crown resources inc (DDCC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: --
President and Director
Total Annual Compensation: --
Director of Corporate Administration, Secreta...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

double crown resources inc (DDCC) Key Developments

Double Crown Resources Announces Settlement in Legal Issue over Commodity Transport System and Plans to Move Forward with Development, Marketing

Double Crown Resources Inc. announced a settlement in principle has been reached concerning its previously disclosed complaint for declaratory judgment and opposing party's trade secret litigation with Synergy Natural Resources, LLC ('Synergy'). At this time, Double Crown to correct certain inaccuracies included in Synergy's press release of October 13, 2014. First, the Synergy release stated, '.all alleged charges against Synergy Natural Resources, LLC (SNR) by DDCC were dismissed on August 26, 2014'. In actuality, a partial dismissal of Synergy's claims against Double Crown and DDCC Marketing was entered on August 26(th). Specifically, the Court ordered, in part, that, 'Synergy's claim under the Texas Uniform Trade Secrets Act against Double Crown and DDCC Marketing and its breach of contract claim against DDCC Marketing are dismissed with prejudice.' (Order dated August 26, 2014, p.17). Double Crown's amended complaint filed on September 15, 2014 continued to seek declaratory relief and other tort claims against Synergy. Second, the role of the mediator was limited solely to facilitating the parties' settlement. No findings of facts or legal conclusions of law were made by the mediator as such would be beyond the scope of the mediator's role. On October 6, 2014, following full-day mediation before former judge Alvin L. Zimmerman, Double Crown and Synergy representatives reached an agreement in principle regarding the previously disclosed litigation between the parties pending in the U.S. District Court for the Southern District of Texas. To avoid the cost and uncertainty of litigation, Double Crown, without admitting any liability, agreed to pay Synergy a total of $630,000 in cash within one year, plus three million shares of stock. In return, Synergy agreed to dismiss its remaining claims against, and indemnify, Double Crown regarding any third party claims arising from the Synergy's claims. Under the agreement, which is subject to the execution of final settlement documents and approval by the Court, both parties will be free to pursue their respective commodity transport container systems. This means Double Crown may continue developing and marketing its enhanced container system.

Double Crown Resources, Inc. Announces Appointments to its Board

Double Crown Resources Inc. announced an expansion of the company's Board of Directors with the appointment of two new members at this time. Allan P. Jones and Joseph L. Menton are both seasoned professionals who bring to Double Crown a range of industry expertise and skills which will help the company meet the demands of its increasing level of business activity. Mr. Jones has extensive experience in logistical oilfield supply & service which is especially valuable to the business plan. Along with the three Mining & Oilfield Project Specialists who were recently added to the team, Mr. Jones and Mr. Menton will fill key roles in enabling the company to maintain close and timely contact requirements for the expanding customer base. Allan P. Jones served as Vice President of Sales and Marketing for Oilfield Services at M. Nasr Partners. His responsibilities included negotiating contracts, business strategy development, new business procurement, project operations, as well as direct client interaction and support. His projects included the sale and delivery of vital oilfield minerals and related commodities including fracturing sand and guar products to petroleum exploration and drilling companies throughout the US. Joseph L. Menton is currently Vice President of Menton Builders Inc. His specific areas of expertise include corporate management, business development, marketing, web design, drafting/design work and preparation of contracts, budgets and project timelines. He is especially accomplished in building lasting and successful client relationships.

Double Crown Resources Inc. Announces Executive Changes, Effective July 15, 2014

Effective July 15, 2014, the board of directors of Double Crown Resources Inc. accepted the resignation of Antonio B. Castillo as Chief Operating Officer and as a member of the board of directors. Mr. Castillo did not resign as a result of any disagreement with the company on any matter relating to the company's operations, policies or practices. Effective on July 15, 2014, the board of directors of the company accepted the consent of Tricia Oakley to be appointed as a member of the board of directors. Mrs. Oakley has worked as a legal secretary for over 30 years. She was appointed as Corporate Secretary and Treasurer of Double Crown Resources Inc. in August 2011. Since that time, she has served a variety of roles at the company, including acting as the primary liaison between the Board of Directors and the company's shareholders and vendors.

 

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Price/Sales 2,670.9x
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TEV/Sales 2,561.1x
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