Sunergy's West African Mining Summit Update From London and Future Prospects
Press Release Source: Sunergy Inc. On Thursday Apirl 10, 2014
LONDON, UNITED KINGDOM--(Marketwired - Apr 10, 2014) - Sunergy, Inc (the "Company") (OTCBB: SNEY) (OTCQB: SNEY) representatives enjoyed the West African Mining Summit being held in London April 7 -10, 2014. As discussed in our April 1, 2014 Press release, Ministers of mining, lands and energy from Ghana, Sierra Leone, Liberia, Mauritania and Mali were in attendance for speaking and available for meetings. There we several international bankers, fund managers and financial institutions represented and available for one on one meetings. The general theme discussed in great detail was "How to minimize overall risk in west africa mining and infrastructure development, as well as the outlook for gold, iron ore and other minerals developing rapidly in West Africa." It was stressed that government plays a key role in all of the above and that intercountry cooperation of governments will further major infrastructure developments in the region.
Prince Kai Saquee stated: "I was very pleased to see that international investment interests in the region were represented, and that European bankers were expressing a renewed interest in our rich resource countries. It was acknowledged that Chinese investors have been ready, willing and able to make major development decisions rapidly and are now dominating investment activities in the region. Since the 2008 global financial crisis, European banks especially have had to pay more attention to their own backyard. There is now a renewed interest in Europe to 'catch up' with Chinese dominated investments to return a more balanced business opportunity for both these countries and the small and large mining companies driving the development opportunities."
Prince Saquee further stated: "I was also pleased to meet the various country ministers and representatives present and to renew existing relationships and make new ones. Today we are engaged in finance workshops to learn how best to present our Company's opportunities to the international community. Initial feedback on our aggressive cash flow focused approach has been very positive and I am encouraged that we will find good financial support as we grow rapidly in the region. I support our Company's mining efforts in Liberia and see that as strengthening our overall financial base making us more attractive to international investors and lenders. I am very pleased to be associated with Sunergy and our subsidiaries in Sierra Leone and Liberia and am excited about our financial future."
Garrett Hale, President, CEO, stated: "I am also thankful that our Company has been well represented at this West African Mining Summit and to learn that our cash flow focused approach to mining is understood and appreciated. We have established some new financial contacts that have expressed an interest to work with us in growing our Company in both the mining sector and in our affordable housing and solar power development projects. It is encouraging that european institutions are now focused on getting their fair share of the growth in this resource rich region. Our mining in Liberia is already growing rapidly and Dredgemaster Price is working very hard to access additional opportunities in both Liberia and Sierra Leone."
Dredgemaster, David Price says: "Our mining opportunities are now growing rapidly in both Sierra Leone and Liberia and are now underway. In Sierra Leone, two 8 inch dredges and a land based operation are ongoing. In Liberia, we have two 6 inch working dredges. We are refurbishing a third dredge in Sierra Leone that sits ready to begin operations in either country as needed. Plans to increase our dredge operations are underway, with six dredges targeted to work this year in each country. All our projects are now being planned for year round operations. We have been introduced to several additional growth projects in Sierra Leone and Liberia and We are working diligently to bring them into our Company."
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.