Dutch Gold Resources, Inc. (OTCPK: DGRI) entered into a letter of intent to acquire certain gold properties of Double E Enterprises Inc. on May 11, 2011. The deal is subject to the execution of definitive agreements, due diligence review and approval of the Board of Directors of Dutch Gold. The deal is expected to close immediately upon completion of due diligence and any regulatory approvals, if necessary, in June 2011. Dutch Gold Resources expects the transaction to be accretive to earnings in 2011. Dutch Gold Resources, Inc. (OTCPK: DGRI) cancelled the acquisition of certain gold properties of Double E Enterprises Inc. on May 11, 2012.