Sunergy Awaits Renewal Initiates Cash Flow Operations
September 19 2013 - 10:44AM
Access Wire
Sunergy Awaits Approval
on Pampana Exploration License
and Initiates Cash Flow Business Providing Mining Support Services
with Existing Equipment and Enters into a Partnership with ATA
Systems of Orlando, Fla. to Provide Affordable Manufactured Housing
Throughout Africa
SCOTTSDALE, AZ, September 19, 2013 - (ACCESSWIRE) -
Sunergy, Inc. (the "Company") (OTCQB: SNEY) We await approval of
our 4 year renewal application for our Pampana River Exploration
license in Sierra Leone. The Company has also requested our "Order
to pay" and await final Minerals Commission Board approval.
Management's recent visit to Sierra Leone resulted in starting
an additional business for Allied Mining and Supply, Limited,
providing mining support services, using our existing equipment and
personnel to generate guaranteed weekly cash flow and earn a
negotiated piece of gross sales in each operation in which we
participate. Our plan going forward is to get all three dredges
operating for weekly positive cash flow and to establish an
environmental services group to service other mining company needs
as well as to conserve costs on our own..
Company President and CEO, Garrett Hale, explains; "Under our
agreements, the land owner/sponsor pays all costs to move and
operate our equipment, pays our crews and pays us a flat fee weekly
for each dredge plus we get a negotiated piece of gross sales
weekly at no cost whatsoever to us. We can pull out at any time
with 2 weeks notice, to move to our own operation or to another
contracted one. We also plan to build about 7 or 8 additional
dredges this year to put to work under contract as well. Private
asset based financing secured by the guaranteed cash flow is how we
intend to finance this growth."
Hale continues; "I am really excited that our commitment to cash
flow for 2013 is taking shape. This in no way changes our focus
from mining our own projects; it just enhances our profitability
and enables us to build more equipment in Sierra Leone for our own
future production plans. It also lets us keep some eggs in
productive baskets, rather than having equipment and personnel
sitting idle. We expect to start our own new diamond, gold and
black sand operation on the Sewa river in early December, once the
main rivers are settling down. We will commence further exploration
efforts on Pampana once renewal is approved."
In addition, We have forged a partnership agreement with ATA
systems, Inc. of Orlando, Fla., to represent the affordable
manufactured housing project, as well as custom homes, apartments,
schools and hospitals as part of our Humanitarian efforts in
Africa. Affordable, clean housing is in great demand in Sierra
Leone, Liberia, the Gambia, Guinea, Senegal, Cote D' Ivore and
Ghana. See website http://www.sunergygold.com/ - Special Link on
top of home page. This is a for profit enterprise for us that has a
strong humanitarian component associated with it.
Our former Country director, Mohamed El Tayyib Bah is no longer
associated with our Company or its operations. We wish him well in
his public service role that he has elected to pursue in service of
the Sierra Leone people. In his place we have appointed Terri
Laconte, an attorney, educated at Harvard Law School and a resident
of sierra Leone for some 7 years. She has a UK passport and is
originally from Spain. Terri knows her way around very well and is
quite familiar with the ever changing mining laws. She will work
closely with Alieu Mahdi, consulting geologist.
Company President, Garrett Hale comments; "This is really an
exciting time for us. Our new Country Director, Terri Laconte will
assure that our administrative efforts going forward will be
handled professionally. We are now working closely with local
artisanal miners in the recovery of diamonds, gold and rare earths
this year and will be able to sell these products. The diamond
market is certainly on the move and demand already outstrips supply
by 2 to 1. Alluvial diamonds offer the finest specimens of all
according to recent statistics, and we have identified a very
prospective area."
Please visit the Sunergy website http://www.sunergygold.com/ and
review further information such as Company Reports under Projects,
Previous Press Releases and SEC filing information under Investor
Info. Our Facebook and Twitter sites are quite active, so please
visit our website to access those links.
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 are in the renewal process for our Pampana
River Rare Earth, Gold and Diamond concession in Sierra Leone, West
Africa. We have been operating exploration dredges on the Pampana
Project and are advancing operations there to the installation of a
commercial pilot plant to separate the gold and selected other
valuable minerals for sale. We are always open to Joint Venture
participation on all our projects. We are production and
acquisitions oriented and are considering several additional
projects suitable for near term production.
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.
Contact:
President:
Garrett Hale,
707.255.5836
garrettsvp@gmail.com
Investor Relations:
Steve Parent
480.326.5435
steve@sunergygold.com
Sunergy, Inc.
14362 N. Frank Lloyd Wright Blvd
Suite 1000,
Scottsdale, AZ 85260
Tel: 480.477.5810
SOURCE: Sunergy, Inc.