Sunergy Appoints New Advisory Board and Ratifies its Existing On Ground Management of West African Operations in Preparation for Resuming Operating Activities
Press Release Source: Sunergy Inc. On Tuesday August 21, 2012
SCOTTSDALE, AZ--(Marketwire - 08/21/2012) - Sunergy, Inc (the
- News) is pleased to announce its newly appointed Advisory Board and existing on ground Management in Sierra Leone and Ghana. Our management team including our Directors, Advisory Board members and on ground management teams have more than 150 years of mining industry experience with junior and mid-tier companies involved in exploration, development and production of precious metals worldwide.
On August 17, 2012 the existing Advisory Board was retired in its entirety and a new Advisory Board was constituted and our existing on ground Management Teams were ratified. Advisory Board members and assignments: Steve Parent , Chief Negotiator Sunergy, Scottsdale, AZ - Investor Relations Scott Plummer of RMS Ross, Chilliwack, B.C. Canada - Equipment and process advisor David J. Salari, D.E.N.M. Ltd., Oakville, ON, Canada -Metallurgical and process advisor Garrett Hale, Napa, CA, - Finance and Director of our wholly owned subsidiary in Sierra Leone Neil Hoffman, Anthem, AZ - Corporate Finance and Humanitarian Activities advisor
Company President, CFO Larry Bigler comments: "Our combination of a small Board of Directors and a task oriented Advisory Board coupled with our stable on ground management teams in both Sierra Leone and Ghana will enable us to manage our projects efficiently and professionally in West Africa. To have Garrett Hale on board to help our development going forward is exciting. Garrett was instrumental in financing the Allied operation in Sierra Leone prior to Sunergy's involvement and will provide a valuable liaison with that shareholder group as well as assisting in the current and future financing of Sunergy, Inc. Neil Hoffman brings excellent organizational skills and a wealth of business experience at a very high level and his passion for charitable foundation work will fit in well with our planned humanitarian efforts in Sierra Leone."
Chairman Medhi says: "I am pleased to have Dave Salari, P.Eng join our Advisory Board as our Metallurgical Specialist. We have worked together to put mines into production and operated them efficiently and successfully together. With the REE's component complementing the gold content in our Pampana sands, I feel particularly good that Dave will help us to develop a very economical model for operations. As a QP or Qualified Person, Dave will also be able to support our efforts to build meaningful resources and reserves. Sunergy is now entering into a very professional phase of development going forward."
Advisory Board Members replaced were: Alexander Beckmann, Dale Bourassa, Alan Trees, Kerry Bjornson and Agbonoo Mawuledeh. All past members remain available for consulting if required and are shareholders of Sunergy. Management wishes to thank these past members for their contribution to our Company at an important time of growth and wishes them well in their future endeavors. We also wish to thank Bryan Miller, outgoing President for his efforts to help with the full integration of the Sunergy/Allied acquisition. Now that the integration is complete, Bryan is moving on to work on other projects with his partners Dale Bourassa and Alexander Beckmann. We also wish to thank Mark A. Shelley for his tireless determination to make sure our financials got current and we stayed funded in the process.
All Advisory Board members work for restricted shares only, unless otherwise contracted for specific projects or tasks. Steve Parent and Scott Plummer have been re-appointed to the Advisory Board and their information is available on our website www.sunergygold.com under Management.
Our new Advisory Board member bios are listed below.
DAVID J. SALARI, B.A.SC. (Metallurgy and Materials Science), P. Eng. Replaces Alexander Beckmann as our metallurgical and mineralogical specialist. Mr. Salari is a metallurgical engineer with over 30 years experience in the mining and metallurgical industry. He is currently President of DENM Ltd., since its inception in 2004, an engineering company that specializes in project management, construction management, and commissioning of small to medium scale mining projects in precious and base metals and industrial minerals. Recent D.E.N.M. projects have taken Mr. Salari across Canada, the USA, Mexico, Brazil, Argentina, Australia and Venezuela. He is a member of the Professional Engineers Association of Ontario, Nova Scotia, and Manitoba and he meets the requirements as a "QP" (Qualified Person) as set out in Canadian National Instrument 43-101, based on education, experience, independence, and affiliation with a professional association. He is also the designated lead engineer under the Professional Engineers Ontario-Certificate of Authorization for D.E.N.M. Ltd.
Garrett Hale, Long term resident and leader in the Napa, California community. He is a successful business owner, entrepreneur and investor in start-up companies, who also played a major role in the initial financing of Allied Mining. Mr. Hale will assist in company financing, investor relations and will assist in operations and humanitarian activities in support of the people of Sierra Leone.
Neil Hoffman, Educator and College President with over 50 years of experience specializing in institutional development. Recognized as a "turn around" expert in higher education, with strength in strategic planning, fundraising, board development, governance, assessment, enrollment management and marketing. Mr. Hoffman has also been involved in charitable foundation development and funding and is keen to establish a foundation to provide assistance in support of the people of Sierra Leone.
EXISTING ON GROUND MANAGMENT - SIERRA LEONE
Mohamed El Tayyib-Bah, Country Director, Sunergy, Inc. He has over 20 years experience in the mining industry in Sierra Leone and Lofa in Liberia. Over 10 years in the Sierra Leone Police, rising to Superintendent and acting as 2nd in command of the CID and Sierra Leone's eastern region between 1992 and 1994. He worked in the security industry in the UK between 2000 and 2004. He worked for the UK Home Office between 2004 and 2006. He holds a degree in English and International Economic Relations. Though a British citizen, Mr Tayyib Bah returned a few years ago to his native Sierra Leone where his considerable relationships at the local and national level as well as his high standing and enthusiastic efforts towards the economic development of Sierra Leone are without parallel. He has diligently worked on our behalf for more than 3 years in Sierra Leone.
Wilfred Ullrich, Operations Manager Sierra Leone Mr. Ullrich designed and built Keene Engineering's first portable 8" dredge in 1983 and performed worldwide consulting with Keene. He has been involved in mining in a consulting and dredging operations capacity in the western United States, Alaska, Mexico, Australia as well as open pit and dredging in Guinea, Sierra Leone, Ivory Coast and Congo (DRC). He has mined alluvial gold and diamonds, gem stones and rare earth metals throughout West Africa. He also designed and built the first African dredge for A-1 Diamond Co., Congo in 2001, and has been active in operations in Tanzania, Mali and Sierra Leone from 2003 to present time. He has worked for us for 3 years. Negotiations are underway for the services of a Country Administrator.
EXISTING ON GROUND MANAGEMENT - GHANA
Robert A. Levich, CPG, PG, EurGeol, FSEG, Director Sunergy, West African Operation Manager He has 31 years with US Department of Energy (DOE)- headed up famous Yucca Mountain Nuclear Waste Project outside Las Vegas, NV. Worked for Ghana Geologic Survey. Now resides in Ghana with his wife for six months or more each year which offers hands on management of Company projects. He enjoys substantial business and geological contacts in Ghana.
Philip Adjei Senior Geologist, Sunergy Country Director – Ghana Mr. Adjei is a Ghanaian trained and resident geologist. He has worked for several major mining companies in Ghana and today is also working for Newmont mining in Ghana. He is well respected at the Ghana Minerals Commission and at the Ghana Geological Survey. He has worked for us for 2 years. More news will be forthcoming shortly.
Please visit the Sunergy website www.sunergygold.com and review further information such as Company Reports under Projects, Previous Press Releases and SEC filing information under Investor Info. About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license in Ghana, West Africa and the 140.1 sq. km. Pampana River Rare Earth, Gold and Diamond concession in Sierra Leone, West Africa. We are currently operating dredges on the Pampana Project. We are production and acquisition oriented and are considering several additional projects suitable for near term production in West Africa.
Notice 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 of the Nyinahin and Pampana Mining Concessions. 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.