Sunergy's Liberian Diamond and Gold Mining Operations Total 20 Licenses to Operate This Year
April 16 2014 - 10:15AM
Marketwired
Sunergy's Liberian Diamond and Gold Mining Operations Total 20
Licenses to Operate This Year
MONROVIA, LIBERIA--(Marketwired - Apr 16, 2014) - Sunergy, Inc
(the "Company") (OTCQB: SNEY) is pleased to report that its Liberia
dredging operations are underway with all licenses and required
permits in place. We are scaling up to control 4 Class B
prospecting licenses in 4 separate complimentary areas. Each of
these prospecting licenses will accommodate 4 Class C (Liberian
only) licenses in which we will be the sponsor, aggregating 16
Class C and 4 Class B licenses active in Liberia this year.
Dredgemaster David Price says: "We have a serious plan that we
are executing in Liberia, involving Minerals Commission licensing,
local artisanal mining personnel and licenses and equipment
deployment. We have gained control of some historically rich mining
sites that are just now re-opening after the conflict which are
assured to provide excellent economic results. Our team of
geologists and experienced artisanal mining persons coupled with a
very cooperative minerals management group put us in a very
aggressive position to achieve substantial returns for our
shareholders. We are targeting more equipment and are finding
that some vendors are also interested in owning our stock as part
of a purchase agreement. This is good evidence that our Company is
being highly regarded here in Liberia. I am very pleased to be a
part of Sunergy's operating team and look forward to harvesting the
fruits of our labor."
Garrett Hale, President, CEO, stated: "First of all I would like
to take this opportunity to thank all our loyal shareholders who
have stayed with us through our darkest hours. The fact that
Liberians are interested in owning our shares, because they have
watched them increase in value over the past few weeks and months,
is very encouraging. We owe thanks to our existing shareholders for
this. There is a requirement to maintain our OTCQB listing
that we must be current on our financial reporting and our shares
need to be above a penny. We have delivered on this first
piece, with the timely filing of our December 31, 2013 Annual
report (10K), which filed yesterday. We are now asking our
shareholders, both existing and new, to help us achieve this next
important threshold prior to the May 1st deadline. We are
receiving help and support from every entity that we are dealing
with in Liberia and expect that reportable results will indeed
support this new level."
Please visit our website: www.sunergygold.com and review
our Company's activities.
SUNERGY, Inc., a Nevada corporation (OTCQB: SNEY) is a publicly
listed and traded, production oriented, junior mining company
headquartered in Scottsdale, Arizona, USA that is production
oriented at the earliest possible profitable opportunity and has an
appetite to grow by profitable acquisition. As its core business,
the Company has made a transition from an exploration only company
to a company now focused on production and cash flow. We now have
four dredges operating, 2 in Sierra Leone and 2 in Liberia. An 8th
dredge sits between the two countries awaiting the most favorable
deployment opportunity for fast cash flow. In addition to our core
mining activities, the Company has used its considerable contacts
earned over the past 4 years to develop non-mining partnerships and
agency agreements with major international businesses representing
Airport Security and Affordable Housing projects and Solar energy
projects up to 250 megawatts, in the five West Africa Countries of
Ghana, Sierra Leone, Liberia, The Gambia and Senegal.
Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, any mineralization, development or
exploration on mining concessions or cash flow from any mining
operations.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of metals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact: Garrett Hale President, CEO Sunergy, Inc. 707.255.5836
garrettsvp@gmail.com 14362 Frank Lloyd Wright Blvd. Suite 1000
Scottsdale, AZ 85260 480.477.5810 Steve Parent Sunergy, Inc.
Investor Relations 480.326.5435 steve@sunergygold.com