Sunergy Update: Sunergys Sierra Leonean Team Demarks Gold Location and Secures License
November 13 2014 - 8:40AM
eTeligis
NAPA, CA(Eteligis Inc.)
NAPA, CA, United States, via ETELIGIS INC., 11/13/2014 - -
Sunergy, Inc. ("Sunergy" or "the Company") (OTC Pink: SNEY)
(PINKSHEETS: SNEY), is pleased to announce that on November 6,
2014, we were informed that the issuance of the license submitted
October 15, 2014 by our Sierra Leonean management team, on the .005
Sq. KM of known gold bearing property has been approved and
finalized by the Government of Sierra Leone National Minerals
Agency.
We are pleased to have achieved this milestone, as projected in
our October 6 press release: "local management is diligently
seeking the appropriate locations and proper licensing to begin our
dredging operations in Sierra Leone as well. We previously stated a
substantial quantity of gold was discovered prior to the September
rains. Our efforts are designed to develop this area as soon as
possible, now that the rains are subsiding. Our local management is
currently working toward placing this area under license." In
addition, in this same press we stated that Liberian diamond
operations were resuming as rains had started to subside. We
continue to diligently move forward on this front as dry season is
now upon us.
Sunergy President and CEO Garrett Hale said, "I am pleased that
Sunergy continues to progress early in the mining season and be
prepared to be in full operation prior to the end of 2014. As we
successfully progress with our operational plan, increased
recognition is being given to us by the local people, chiefs and
government as a leader in the community, especially during a time
of such great duress with the Ebola outbreak. Our tireless,
diligent efforts have allowed us to work with and obtain the
respect of individuals at the highest levels, such as Prince Kai
Saquee, Head of the Diamond and Gold Dealers Association in Kono,
Sierra Leone, who has also been a member of our Advisory Board
since February 2014. This also prevents undue risk on our local
management and operational teams, which continue to support Sunergy
maintaining a trusted business position in Sierra Leone. We are
extremely proud of our in-country team, but continue to keep their
names private for safety reasons while working within the mineral
producing regions."
Hale further states, "My top priority in 2014 has been on
Sunergy's mining and non-mining operations, capitalizing on small
successes with the objective of building a well-respected brand
over time. As such, I have not yet finalized the personal debt
conversion agreed upon in earlier this year. As I see the avenues
of opportunity unfold for Sunergy, I continue to provide personal
financial support towards its efforts and I strongly believe we
have a promising future to look forward to. I would like to remind
our investors that I came aboard Sunergy being a substantial
shareholder with the goal of protecting the assets of all
shareholders, including my own."
More information on Liberian operations and various non-mining
projects will be forthcoming; Management is moving forward in full
force to advance working relationships in Nigeria, Liberia and
other West Africa locations.
About Sunergy:
Sunergy Inc. (OTC Pink: SNEY) (PINKSHEETS: 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, two
in Sierra Leone and two 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 developed considerable
relationships over the past four years which has enabled the
procurement of 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
Regard ing 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.
CONTACT:
Garrett Hale, President, CEO
Sunergy, Inc.
(707) 255-5836
garrett@sunergygold.com
SOURCE: Sunergy, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28474
- Link to submission on http://www.eteligis.com