|By Marketwired .||
|April 16, 2014 11:15 AM EDT||
MONROVIA, LIBERIA -- (Marketwired) -- 04/16/14 -- Sunergy, Inc (the "Company") (OTCQB: SNEY) is pleased to report that its Liberia dredging operations are underway with all licenses and required permits in place. We are scaling up to control 4 Class B prospecting licenses in 4 separate complimentary areas. Each of these prospecting licenses will accommodate 4 Class C (Liberian only) licenses in which we will be the sponsor, aggregating 16 Class C and 4 Class B licenses active in Liberia this year.
Dredgemaster David Price says: "We have a serious plan that we are executing in Liberia, involving Minerals Commission licensing, local artisanal mining personnel and licenses and equipment deployment. We have gained control of some historically rich mining sites that are just now re-opening after the conflict which are assured to provide excellent economic results. Our team of geologists and experienced artisanal mining persons coupled with a very cooperative minerals management group put us in a very aggressive position to achieve substantial returns for our shareholders. We are targeting more equipment and are finding that some vendors are also interested in owning our stock as part of a purchase agreement. This is good evidence that our Company is being highly regarded here in Liberia. I am very pleased to be a part of Sunergy's operating team and look forward to harvesting the fruits of our labor."
Garrett Hale, President, CEO, stated: "First of all I would like to take this opportunity to thank all our loyal shareholders who have stayed with us through our darkest hours. The fact that Liberians are interested in owning our shares, because they have watched them increase in value over the past few weeks and months, is very encouraging. We owe thanks to our existing shareholders for this. There is a requirement to maintain our OTCQB listing that we must be current on our financial reporting and our shares need to be above a penny. We have delivered on this first piece, with the timely filing of our December 31, 2013 Annual report (10K), which filed yesterday. We are now asking our shareholders, both existing and new, to help us achieve this next important threshold prior to the May 1st deadline. We are receiving help and support from every entity that we are dealing with in Liberia and expect that reportable results will indeed support this new level."
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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