Sunergy Prepares Second Diamond Parcel Sale With Foreign Buyer for 2015
Press Release Source: Sunergy Inc. On Wednesday January 22, 2015
NEW YORK, NY--(Marketwired - Jan 22, 2015) - Sunergy, Inc. ("Sunergy" or "the Company")(OTC PINK: SNEY) (PINKSHEETS: SNEY) has organized its second diamond parcelfor sale. Sunergy prepares for continued parcel sales and operationexpansion in 2015.
Sunergy's diamond partner is making arrangements for the appropriatedocuments required by the Kimberly Process Certification System/UnitedNations Resolution for export and is arranging for the delivery of a secondparcel of diamonds to our buyer. As our first parcel, the second parcel hasbeen prepared with reasonable risk rather than an attempt to maximize cashflow. Subsequent parcels will be forthcoming monthly or quarterly as theprocess continues to prove itself. More detailed information will appear inour upcoming filings with the SEC.
CEO and President Garrett Hale states, "I am pleased that we have alreadyengaged in our second sale by the first month of 2015. As we are buildingsolid and secure relationships with our purchasers, we are facilitatingthis second parcel with larger stones than the first. This will allow us todetermine the relevant values for varying sizes, color and clarity ofstones. We are preparing for regular parcel sales during the remainder of2015. We are continually in communication with the National Minerals Agency(NMA) and are arranging additional licenses for our operations. Our currentplans to deploy our Liberian Wash Plant and loader in Sierra Leone will becommissioned under license(s) and guidance from the NMA and the Ministry ofMines in Sierra Leone. We intend to operate in the Kono district which isknown for annual production of substantial diamonds."
Sierra Leone Operating Plan 2015: Our in country representative, PrinceKai Saquee, Chairman of the Diamond and Gold Dealers Association of Konodistrict and Sunergy Advisory Board Member, will direct our operations inSierra Leone during 2015. Our plans include deploying our wash plant, withthe ability to wash gravels virtually 24/7, which should create a steadysupply of diamonds for export to our foreign buyers. We have 3 or 4 miningsites to license and develop in Sierra Leone this year: both land and riveroperations. We expect to have a diamond kimberlite opportunity this year aswell, which should add a new dynamic to our business.
Liberia Operating Plan 2015: Dredging and land based operations continueand are being evaluated for expansion. Further information will be madeavailable as results of operations become available.
Our building partner, Global Builders Group, Inc. ("GBG"): GBG is preparingits showcase manufacturing facility in Atlanta, GA for the purpose ofproviding its propriety Structural Insulated Panels (SIP's) to its JointVenture for 10,000 homes in Nigeria. GBG has additional building projectsin the queue from local Georgia projects to Mexico, Jamaica, DRC (Congo)and Ghana. GBG's focus is to complete its facility in Atlanta within thenext 90 days. During this period planning for commencement of constructionwith local and foreign partners is underway. More info on GBG can be foundat www.globalbuildersgroupinc.com.
About Sunergy: Sunergy Inc. (OTC PINK: SNEY) (SNEY), a Nevada corporation,is a junior mining company headquartered in Scottsdale, Arizona. TheCompany has made a transition from an exploration only company to a companycurrently focused on production and cash flow. We have acquired a washplant and loader in Liberia, capable of handling between 50 to 350 tons perhour of diamond and gold bearing gravels, which is planned to be shipped toSierra Leone, contingent upon obtaining an appropriate license from NMA inSierra Leone for its operation. In addition to our core mining activities,the Company has developed considerable relationships over the past fouryears which has enabled the procurement of non-mining partnerships andagency agreements with major international businesses representing AirportSecurity, Affordable Housing projects and Solar energy projects in the sixWest Africa Countries of Ghana, Sierra Leone, Liberia, Nigeria, The Gambiaand Senegal. For more information, please visit www.sunergygold.com.
Regarding Forward-Looking Statements This current report contains "forward-looking statements," as that term is defined in Section 27A of the UnitedStates Securities Act of 1933 and Section 21E of the Securities ExchangeAct of 1934. Statements in this press release which are not purelyhistorical are forward-looking statements and include any statementsregarding beliefs, plans, expectations or intentions regarding the future,including but not limited to, any mineralization or cash flow from SierraLeone and Liberian mining operations.
Actual results could differ from those projected in any forward-lookingstatements due to numerous factors. Such factors include, among others, theinherent uncertainties associated with mineral exploration and difficultiesassociated with obtaining financing on acceptable terms. We are not incontrol of metals prices and these could vary to make developmentuneconomic. These forward-looking statements are made as of the date ofthis news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results coulddiffer from those projected in the forward-looking statements. Although webelieve that the beliefs, plans, expectations and intentions contained inthis press release are reasonable, there can be no assurance that suchbeliefs, plans, expectations or intentions will prove to be accurate.Investors should consult all of the information set forth herein and shouldalso refer to the risk factors disclosure outlined in our most recentannual report for our last fiscal year, our quarterly reports, and otherperiodic reports filed from time-to-time with the Securities and ExchangeCommission.