MONROVIA, LIBERIA – March 31, 2014 -- Sunergy, Inc. (the "Company") (OTCQB: SNEY) commences Dredge #1 operations in Bomi Hills area of Liberia and will move Dredge #2 into position in one week, at least two weeks ahead of schedule. Both dredges are owned and operated by the Company in support of local licensed tribal artisanal efforts to harvest diamonds and gold. This initial operation in Liberia is able to operate year round and will not be interrupted by the rainy season.
Dredgemaster, David Price says: "There has been a lot of preparation that has taken place here in Liberia since I went to Sierra Leone to get operations going there. It is a real pleasure to have all our equipment available ahead of schedule and our ground team has really prepared for a quick launch. Sunergy has set up a good support team here and I really appreciate that, it makes my job a lot easier. Our local partners are pleased we are now here and ready to start making money together."
The 2014 West African Mining Investment Summit is being held in London from April 7-10th. Prince Kai Saquee, Sunergy Advisory Board Member and Chairman of The Diamond and Gold Dealers Association in Kono District, Sierra Leone and Sunergy management representatives have been invited to attend this timely and important conference. The honored attendees are:
Hon. Minister Alhaji Inusah Fuseni, Ministry of Lands and Natural Resources, Republic of Ghana
Hon. Minister Alhaji Minkailu Mansaray, Ministry of Mines and Mineral Resources, Republic of Sierra Leone
Hon. Deputy Minister of Operations, Sam G. Russ, Ministry of Lands, Mines and Energy, Republic of Liberia
Hon. Minister Mohamed Ould Khouna, Ministry of Petroleum, Energy and Mines, Government of Mauritania
Hon. Minister Boubou Cisse, Ministry of Mines, Republic of Mali
Garrett Hale, President, CEO stated: "There are workshops and meetings with international financers interested in investing in the above countries in the mining sector. We are also interested in learning more about West African mining opportunities and what options for funding are available in these resource rich countries. We are committed to rapid exponential growth for our shareholders, focusing on growing our cash flow operations and our resources/reserves."
Mining activities in both Sierra Leone and Liberia are now underway. In Sierra Leone, two 8 inch dredges and a land based operation are ongoing. In Liberia, we have two 6 inch working dredges. Dredgemaster Price is refurbishing a third dredge in Sierra Leone that sits ready to begin operations in either country as needed. Plans to increase our dredge operations are underway, with six dredges targeted to work this year in each country. All our projects are now being planned for year round operations. Operating results will be available shortly after the end of the first quarter so as to not delay the 10K filing. Please visit our website: www.sunergygold.com Update on Sierra Leone operations will be forthcoming soon.
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. As its core business, the Company has made a transition from an exploration only company to a company now focused on production and cash flow. We now have four dredges operating, 2 in Sierra Leone and 2 in Liberia. An 8th dredge sits between the two countries awaiting the most favorable deployment opportunity for fast cash flow. 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 and Affordable Housing projects and Solar energy projects up to 250 megawatts, in the five West Africa Countries of Ghana, Sierra Leone, Liberia, The Gambia and Senegal.
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.
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SOURCE: Sunergy Inc.