New York, New York - (NewMediaWire) - December 31, 2014 - - Sunergy, Inc. ("Sunergy" or "the Company") (
Sunergy's diamond partner has secured the appropriate documents required by the Kimberly Process Certification System/United Nations Resolution for export and has arranged for the delivery of an initial parcel of diamonds to the foreign buyer, as negotiated in recent meetings in New York. To comply with industry protocol and to ensure the safety of our partners' men and equipment, it is appropriate that we do not disclose the full details of the exact transaction because of confidentiality agreements and for overall security purposes. This initial parcel, being the first, is geared to perfecting the process with reasonable risk. Other follow up parcels will be forthcoming periodically as the process proves itself. More detailed information will appear in our upcoming filings with the Securities and Exchange Commission.
CEO and President Garrett Hale stated, "I came aboard with one mission, and that was to protect our investors to the best of my ability by striving for positive cash flows and providing a clear picture of our ongoing operations. This has now materialized. Sunergy will focus future Company resources on the discovery and sale of precious minerals and non-mining initiatives. This initial transaction has been selected to be of adequate size to assure reasonable observations and values and more importantly with the fiduciary responsibility in mind to take minimal risk during the company's first delivery. We plan to be involved as a partner in regular parcel sales during 2015 and beyond."
Sierra Leone: We continue to communicate and cooperate with the National Minerals Agency (NMA) and provide relevant documents with the expectation of an expeditious clarification of our current standing and fully satisfying any required formalities, if any. We also have made certain that the NMA and in country Management Team are in regular communication with each other. We have delivered Sunergy Sierra Leone Ltd corporate documents including but not limited to the, 'CERTIFICATE OF INCORPORATION ' dated June 27, 2013, ' CERTIFICATE OF BUSINESS REGISTRATION ' dated June 27, 2013, as provided from the Sierra Leone Business Registrar, and relevant mining documents and correspondences from our long time senior geologist, in Sierra Leone.
Liberia: Operations continue, and have commenced in full speed under our local management as the dry season in Liberia is underway. Our Mining Operations Manager is moving forward with the expectation of continued success.
Our building partner, Global Builders Group, Inc. ("GBG"): Sunergy, Inc. has made a direct investment in GBG and is one of its founding shareholders. Under this arrangement, Sunergy will receive a block of common stock and an override on sales in Africa for a specified term. The amount and duration of the term are dependent on the extent of Sunergy's investment but is expected to be at least for the next five years. GBG is preparing a showcase manufacturing facility in Atlanta, GA for the purpose of providing its propriety Structural Insulated Panels (SIP's) to its Joint Venture for 10,000 homes in Nigeria. More info on GBG can be found at www.globalbuildersgroupinc.com
About Sunergy:
Sunergy Inc. (
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 or cash flow from Sierra Leone and Liberian 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 INFORMATION
Contact:
Garrett Hale
President, CEO
(707) 255-5836
garrett@sunergygold.com
garrettsvp@gmail.com