Sunergy’s Dry Season Mining Operations Now Fully Underway in Sierra Leone and Liberia, First Export Parcel Initiated and Housing Projects Update
Press Release Source: Sunergy Inc. On Friday November 21, 2014
Sunergy, Inc. ("Sunergy" or "the Company") (OTC Pink: SNEY) (SNEY) announced today that its mining operations in Sierra Leone and Liberia are now fully underway. Dredges are working in Liberia and overburden removal has been contracted and shall commence immediately on newly licensed gold project in Sierra Leone. Dredges are also being mobilized in Sierra Leone as the Ebola crisis is beginning to be contained. One dredge awaits the opportunity to be mobilized to a licensed area in Kenema that promises to be productive for diamonds and is adjacent to the largest diamond producer in Sierra Leone. These operations are being managed by our local trained operators. Dredgemaster Price is safely recuperating in the UK and is not expected to return anytime soon. He has trained our staff and provided professional guidance to our Company, which is greatly appreciated.
Garrett Hale is scheduled to make his final trip to New York in the first week of December, in preparation for Sunergy's first diamond parcel. Garrett will meet with our diamond consultant and dealer, defining the parameters of the diamond parcel to be shipped.
Garrett Hale, President and CEO said: "We just filed our 10 Q and wish to thank Asher for making sure we had adequate capital dedicated to completing this timely filing. Their upcoming conversion will be the last one for 2014 and should supply free trading shares to the market for our shareholders to top up their holdings as we prepare for a very bright 2015. For the first time in our history, our operations are already working at the beginning of the dry season. We plan to have regular diamond export parcels during the balance of 2014 and throughout 2015. Once the gold bearing property in Sierra Leone is producing, we shall determine the sales procedure/ shipping based on the quantities retrieved. I also wish to congratulate our building partner, GBG for the great projects they have now initiated in Nigeria, which will provide Sunergy with significant revenue in 2015. The overall selling prices of homes in this project will exceed $2,000,000,000 US."
More information on our various projects and financial condition will be forthcoming.
Sunergy Inc. (OTC Pink: SNEY) (SNEY), a Nevada corporation, is a junior mining company headquartered in Scottsdale, Arizona. The Company has made a transition from an exploration only company to a company currently focused on production and cash flow. We now have four dredges operating, 2 in Sierra Leone and 2 in Liberia We have also acquired a wash plant and loader capable of handling between 50 to 350 tons per hour of diamond and gold bearing gravels. 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, Affordable Housing projects and Solar energy projects in the six West Africa Countries of Ghana, Sierra Leone, Liberia, Nigeria, The Gambia and Senegal. For more information, please visit www.sunergygold.com.
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 or cash flow from Liberian 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.