Sunergy Retracts and Corrects Its November 8, 2010 Announcement Regarding Dr. Leslye Obiora, Former Minister of Mines and Steel
Press Release Source: Sunergy Inc. On Wednesday November 24, 2010, 4:04 pm
SCOTTSDALE, AZ--(Marketwire - 11/24/10) - Sunergy, Inc (the
- News) today wishes to retract its announcement of November 8, 2010 where it stated that Dr. Leslye Obiora joined Sunergy's advisory board. Dr. Obiora was invited to join the advisory board but had not accepted. Dr. Obiora did not review the press release announcing that she had joined the board before it was published.
Sunergy wishes to apologize to Dr. Obiora for announcing her involvement with Sunergy's advisory board. Dr. Obiora has never been affiliated with Sunergy. She does not now, nor has she ever represented Sunergy in any capacity. The comments and endorsement of Sunergy set forth in the press release that were attributed to Ms. Obiora had not been reviewed or approved by her and do not reflect her views.
Sunergy wishes to make sure that any investors who have relied at any level that Dr. Obiora is or was associated with Sunergy are clear that she is not. Investors should conduct themselves accordingly.
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 focused on near term production of these properties this season. 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.
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SCOTTSDALE AZ 85260
Investor Relations: Steve Parent