|By Marketwired .||
|April 11, 2014 10:47 AM EDT||
LONDON, UNITED KINGDOM -- (Marketwired) -- 04/11/14 -- Sunergy, Inc (the "Company") (OTCQB: SNEY) is pleased to report that its existing operations are on track and that additional diamond and gold mining opportunities in both Sierra Leone and Liberia have satisfied our due diligence requirements and are now being processed. Our plans in Kono district in Sierra Leone will add two additional diamond and gold operations that will involve both dredges and land based operations that operate year round. In Liberia, three additional diamond and gold projects that can be operated year round are in process of finalization. In each case, new licenses will be acquired or supported.
Dredgemaster, David Price says: "In my 20 plus years of working in mining in West Africa, I have never seen projects and cooperation come together like they are for us today. We have strong support from Prince Kai Saquee and our on ground people in Sierra Leone and our operations team in Liberia have enabled us to access some very promising opportunities, as the mining landscape has been cleaned up from dormant licenses and new ones are now available. Our operations will more than double in the next 60 days as paperwork is processed and completed. I firmly believe we can handle the growth. Remember, I get paid on results, so I will make sure we have substantial ones whenever possible. We will release more information on these transactions as we close the deals in the next few weeks."
Garrett Hale, President, CEO, stated: "I am proud of our professional teams in Sierra Leone and Liberia and the good job that they are doing for our shareholders. Our new operations will add substantial additional products and revenue for our Company. I am also pleased that our focus on cash flow from operations was well received by the financial community at the London West African Mining Summit."
Please visit our website: www.sunergygold.com and review our Company's activities.
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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