NEWS - Jan 22
Sunergy Prepares Second Diamond Parcel Sale With Foreign Buyer for 2015
Marketwired
Sunergy, Inc
January 22, 2015 7:28 AM
NEW YORK, NY--(Marketwired - Jan 22, 2015) - Sunergy, Inc. ("Sunergy" or "the Company")(OTC PINK: SNEY) (PINKSHEETS: SNEY) has organized its second diamond parcel for sale. Sunergy prepares for continued parcel sales and operation expansion in 2015.
Sunergy's diamond partner is making arrangements for the appropriate documents required by the Kimberly Process Certification System/United Nations Resolution for export and is arranging for the delivery of a second parcel of diamonds to our buyer. As our first parcel, the second parcel has been prepared with reasonable risk rather than an attempt to maximize cash flow. Subsequent parcels will be forthcoming monthly or quarterly as the process continues to prove itself. More detailed information will appear in our upcoming filings with the SEC.
CEO and President Garrett Hale states, "I am pleased that we have already engaged in our second sale by the first month of 2015. As we are building solid and secure relationships with our purchasers, we are facilitating this second parcel with larger stones than the first. This will allow us to determine the relevant values for varying sizes, color and clarity of stones. We are preparing for regular parcel sales during the remainder of 2015. We are continually in communication with the National Minerals Agency(NMA) and are arranging additional licenses for our operations. Our current plans to deploy our Liberian Wash Plant and loader in Sierra Leone will be commissioned under license(s) and guidance from the NMA and the Ministry of Mines in Sierra Leone. We intend to operate in the Kono district which is known for annual production of substantial diamonds."
Sierra Leone Operating Plan 2015: Our in country representative, Prince Kai Saquee, Chairman of the Diamond and Gold Dealers Association of Kono district and Sunergy Advisory Board Member, will direct our operations in Sierra Leone during 2015. Our plans include deploying our wash plant, with the ability to wash gravels virtually 24/7, which should create a steady supply of diamonds for export to our foreign buyers. We have 3 or 4 mining sites to license and develop in Sierra Leone this year: both land and river operations. We expect to have a diamond kimberlite opportunity this year as well, which should add a new dynamic to our business.
Liberia Operating Plan 2015: Dredging and land based operations continue and are being evaluated for expansion. Further information will be made available as results of operations become available.
Our building partner, Global Builders Group, Inc. ("GBG"): GBG is preparing its 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. GBG has additional building projects in the queue from local Georgia projects to Mexico, Jamaica, DRC (Congo)and Ghana. GBG's focus is to complete its facility in Atlanta within the next 90 days. During this period planning for commencement of construction with local and foreign partners is underway.
