Sunergy's West African Mining Summit Update From London and Future Prospects
10 April 2014 - 9:34PM
Marketwired
Sunergy's West African Mining Summit Update From London and Future
Prospects
LONDON, UNITED KINGDOM--(Marketwired - Apr 10, 2014) - Sunergy,
Inc (the "Company") (OTCBB: SNEY) (OTCQB: SNEY) representatives
enjoyed the West African Mining Summit being held in London April 7
-10, 2014. As discussed in our April 1, 2014 Press release,
Ministers of mining, lands and energy from Ghana, Sierra Leone,
Liberia, Mauritania and Mali were in attendance for speaking and
available for meetings. There we several international bankers,
fund managers and financial institutions represented and available
for one on one meetings. The general theme discussed in great
detail was "How to minimize overall risk in west africa mining and
infrastructure development, as well as the outlook for gold, iron
ore and other minerals developing rapidly in West Africa." It was
stressed that government plays a key role in all of the above and
that intercountry cooperation of governments will further major
infrastructure developments in the region.
Prince Kai Saquee stated: "I was very pleased to see that
international investment interests in the region were represented,
and that European bankers were expressing a renewed interest
in our rich resource countries. It was acknowledged that Chinese
investors have been ready, willing and able to make major
development decisions rapidly and are now dominating investment
activities in the region. Since the 2008 global financial crisis,
European banks especially have had to pay more attention to their
own backyard. There is now a renewed interest in Europe to 'catch
up' with Chinese dominated investments to return a more balanced
business opportunity for both these countries and the small and
large mining companies driving the development opportunities."
Prince Saquee further stated: "I was also pleased to meet the
various country ministers and representatives present and to renew
existing relationships and make new ones. Today we are engaged in
finance workshops to learn how best to present our Company's
opportunities to the international community. Initial feedback
on our aggressive cash flow focused approach has been very positive
and I am encouraged that we will find good financial support as we
grow rapidly in the region. I support our Company's mining efforts
in Liberia and see that as strengthening our overall financial base
making us more attractive to international investors and lenders. I
am very pleased to be associated with Sunergy and our subsidiaries
in Sierra Leone and Liberia and am excited about our financial
future."
Garrett Hale, President, CEO, stated: "I am also thankful that
our Company has been well represented at this West African Mining
Summit and to learn that our cash flow focused approach to mining
is understood and appreciated. We have established some new
financial contacts that have expressed an interest to work
with us in growing our Company in both the mining sector and in our
affordable housing and solar power development projects. It is
encouraging that european institutions are now focused on getting
their fair share of the growth in this resource rich region. Our
mining in Liberia is already growing rapidly and Dredgemaster Price
is working very hard to access additional opportunities in both
Liberia and Sierra Leone."
Dredgemaster, David Price says: "Our mining opportunities are
now growing rapidly in both Sierra Leone and Liberia and 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. We are 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. We have been
introduced to several additional growth projects in Sierra Leone
and Liberia and We are working diligently to bring them into our
Company."
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.
Contact: Garrett Hale President CEO Sunergy, Inc. 707.255.5836
garrettsvp@gmail.com 14362 Frank Lloyd Wright Blvd. Suite 1000,
Scottsdale, AZ 85260 480.477.5810 Steve
Parent Sunergy, Inc. Investor Relations 480.326.5435
steve@sunergygold.com