Sunergy Raises $150,000 Through a Combination of Loans & Equity & Management Goes to West Africa Commencing Operations Dredgi...
December 03 2013 - 9:24AM
Marketwired
Sunergy Raises $150,000 Through a Combination of Loans and Equity
and Management Goes to West Africa Commencing Operations Dredging
for Gold, Diamonds and Black Sands to Produce Cash Flow
SCOTTSDALE, AZ--(Marketwired - Dec 3, 2013) - Sunergy,
Inc. (the "Company") (OTCQB: SNEY) is pleased to announce
that It has raised $150,000 in a combination of loans and
equity in the months of November and December. These funds will
primarily be used to enable the Company to commence seasonal
dredging operations in Sierra Leone and Liberia. The Dredgemaster,
David Price, is leaving the UK for Monrovia, Liberia and will land
this afternoon. Garrett Hale also will arrive in Monrovia on
December 6th with other management personnel and our company
geologist from Sierra Leone. Other Management persons are also
going to Ghana. All management will meet in Liberia before
travelling to Sierra Leone and will commence dredging operations in
both countries as soon as water conditions in the rivers allow.
While Ghana does not allow dredging in its rivers for gold and
diamonds, alluvial operations are allowed with excavators, trucks
and wash plants for recovery. We are currently in discussions to
expand our base in Ghana as well as to pursue strategic
partnerships with owner/operators of the above equipment for near
term profitable operations. We are also considering additional
mining concession acquisitions in Ghana at this time.
REORIENTED TO CASH FLOW AND POSITIONED FOR PROFITABILITY Company
Management has dramatically changed its operating plan from an
exploration model to a cash flow driven operation. Operating
under exploration licenses requires money to be spent without the
opportunity to sell products recovered in the exploration phase. A
distinct lack of exploration funding industry wide coupled with
investor interest being more focused on cash flow today than
sometime in the future has encouraged Management to adopt this
change. Accordingly, we have entered into support agreements in
both Sierra Leone and nearby Liberia to combine our equipment and
operating expertise with local artisanal miners to assist in the
rapid development of otherwise hand driven operations only. Two
benefits occur immediately, one for the local miners who gain
support on the recovery of their discovered gold, diamonds and
black sands and one for our Company, having the exploration phase
already completed and gaining the opportunity to immediately begin
operations in already proven lands and rivers which are capable of
producing economic quantities of Gold, Diamonds and Black sands
containing the rare earth elements. Management believes this
enables the company to enter into immediate and sustainable cash
flow which is accretive to shareholder prosperity.
Sunergy President and CEO Garrett Hale says: "We now believe
that we have established business relations that enable us to be
profitable going forward. Dredgemaster being on board is certainly
a big part of that and his knowledge and abilities will reward our
current shareholders and attract future shareholders to our
company's operating strategy. We will get our existing three
dredges fully operational and working and then we will build
another dozen or so through 2014. We will use generated cash flow
to guarantee direct equipment financing, thus avoiding additional
shareholder dilution. We are targeting six figure income each month
starting in Q3 of 2014 and really believe that this is
probable."
INVESTOR RELATIONS CONTRACT The Company has contracted for the
renewable term of one year, Monarch Media, as its full service
investor relations firm, to provide strategic counsel, direct the
company's outreach and investor awareness and manage our social
media sites.
Garrett Hale, President and CEO, comments; "Monarch Media
brings a significant level of experience from years of working with
a variety of companies in the public marketplace. This group has
also worked unofficially with our company over the last three years
and is most familiar of the obstacles that have been overcome and
the changes put in place to really ready us for success going
forward. Their ability to generate increased exposure for our
company within the investment community will be a major asset as we
continue to grow and expand our business."
Vincent Zaldivar, Managing Member, Monarch Media, stated; "We
are very excited to be working with the Sunergy team and have
tremendous confidence in their vision and growth strategy. We've
been following this Company for years, we believed them when we
first encountered this company in 2010 and we have observed closely
the changes that have been required to be made to assure success in
the future. We look forward to communicating their growth and
development initiatives to the investment community. We are also
excited to assist the company in servicing their current
shareholders and helping them continue to build their shareholder
base."
An 8-K will be filed shortly, once final finance proceeds have
cleared.
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. It is engaged in the
evaluation, acquisition, exploration, planned operation and
advancement to production of largely alluvial gold/rare earth
elements and diamond recovery projects in Ghana, Sierra Leone and
Liberia West Africa. This year marks the beginning of our Cash Flow
Operations as the Operating season is just about to get
underway.
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.
Contact: Garrett Hale President 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