~SNEY~ news out today
Sunergy's Liberian Dredge Operations Start Recovering Diamonds and Gold and Wash Plant Equipment Being Readied for Operations
MONROVIA, LIBERIA, Apr 25, 2014 (Marketwired via COMTEX) -- Sunergy, Inc. (the "Company"
(OTCQB: SNEY) is pleased to report that its Liberian dredge operations are now recovering diamonds and gold with 2 dredges and 2 crews in complementary operations. Funds have also been arranged to facilitate our Lease Purchase of the Wash Plant and Cat Loader capable of processing between 50 and 300 tons per hour.
Dredgemaster David Price says: "We have now received clearance for 3 Class B Prospecting Licenses in Bomi County that are contiguous from Bomi Hills to Lofa River Area in Liberia. This area was formerly operated by an international diamond mining company prior to the conflict in Liberia. The Ministry of Lands, Mines and Energy has recently removed licenses that were no longer current or in effect and being on the ground here has enabled us to gain these new licenses on highly prospective and productive contiguous areas. We are also working as sponsors of Class C licenses within our own Class B Prospecting licenses. Our dredges are now on actual diamond and gold recovery operations, results will be made available once they have been measured and certified. We are very pleased at the cooperation here in Liberia at the local level and at the Ministry and look forward to our planned additional growth."
Garrett Hale, President and CEO, stated: "We are now on track to achieve our goal of having and maintaining sustainable cash flow operations in Liberia. Dredgemaster and our on ground support team there have enabled us to reach this level in a few short months. All our operations there are suitable for year round operations, so we still have a lot of productive work to do this year. We are also making great progress in Sierra Leone as well and more information on that will be released next week. A note to shareholders, Management made a decision to not pay an outstanding note from Asher in the principal amount of $32,500 and instead used the funds set aside for this payment to enable the lease purchase of the wash plant and loader, which will pay returns every day they are used. Asher converted the last part of the note on April 22, 2014 and received 4,321,000 shares which are now being offered for sale. Once these shares are absorbed by the market, management believes that there is not a lot of resistance to achieve our goal to be at a penny by May 1, 2014, in compliance with the SEC rule changes to maintain our fully reporting and compliant listing on the OTCQB."
Sunergy's Liberian Dredge Operations Start Recovering Diamonds and Gold and Wash Plant Equipment Being Readied for Operations
MONROVIA, LIBERIA, Apr 25, 2014 (Marketwired via COMTEX) -- Sunergy, Inc. (the "Company"
(OTCQB: SNEY) is pleased to report that its Liberian dredge operations are now recovering diamonds and gold with 2 dredges and 2 crews in complementary operations. Funds have also been arranged to facilitate our Lease Purchase of the Wash Plant and Cat Loader capable of processing between 50 and 300 tons per hour. Dredgemaster David Price says: "We have now received clearance for 3 Class B Prospecting Licenses in Bomi County that are contiguous from Bomi Hills to Lofa River Area in Liberia. This area was formerly operated by an international diamond mining company prior to the conflict in Liberia. The Ministry of Lands, Mines and Energy has recently removed licenses that were no longer current or in effect and being on the ground here has enabled us to gain these new licenses on highly prospective and productive contiguous areas. We are also working as sponsors of Class C licenses within our own Class B Prospecting licenses. Our dredges are now on actual diamond and gold recovery operations, results will be made available once they have been measured and certified. We are very pleased at the cooperation here in Liberia at the local level and at the Ministry and look forward to our planned additional growth."
Garrett Hale, President and CEO, stated: "We are now on track to achieve our goal of having and maintaining sustainable cash flow operations in Liberia. Dredgemaster and our on ground support team there have enabled us to reach this level in a few short months. All our operations there are suitable for year round operations, so we still have a lot of productive work to do this year. We are also making great progress in Sierra Leone as well and more information on that will be released next week. A note to shareholders, Management made a decision to not pay an outstanding note from Asher in the principal amount of $32,500 and instead used the funds set aside for this payment to enable the lease purchase of the wash plant and loader, which will pay returns every day they are used. Asher converted the last part of the note on April 22, 2014 and received 4,321,000 shares which are now being offered for sale. Once these shares are absorbed by the market, management believes that there is not a lot of resistance to achieve our goal to be at a penny by May 1, 2014, in compliance with the SEC rule changes to maintain our fully reporting and compliant listing on the OTCQB."
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