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American Company Spotlight

 

Sunergy, Inc. Website: Click Here

Information As Of August 11, 2009

Exchange: OTCBB Market Cap: 15.6 Million
Outstanding Shares: 53.8 Million 52 Low / High: $0.10 / $0.90

Price August 11, 2009: $0.29

SNEY Recent Stock Quote and News: Click Here

"Gold and Silver have been in a seven year bull market taking gold and silver prices to all time high's in recent times. Management believes that macro economic conditions domestically and internationally are likely to keep prices at current levels and very likely take them to after inflation highs or higher for gold and silver."


Overview

Sunergy, Inc. engages in the acquisition and exploration of mineral properties in Canada. It owns a 100% interest in one mineral claim, consisting of 15 cells, collectively known as the Hummingbird property, which is located in the Vancouver Mining Division approximately 25 kilometers north-northeast of Powell River, British Columbia and 100 kilometers northwest of the city of Vancouver. The company explores for gold, silver, and copper deposits. Sunergy, Inc. is based in West Vancouver, Canada.


Investment Highlights

  • Debt Free. The Company announced that as of early August, 2009 they were debt free. As such, future equity financing will be able to immediately advance the Company's projects. The Company is pursuing suitable financing scenarios now that should enable rapid development of the Company's projects in West Africa.
  • Recent Land Acquisition. The Company announced that it has entered into an agreement with General Metals Corporation for the final terms for the acquisition of the Nyinahin Mining Concession from General Metals. The 150 square kilometre Nyinahin Mining Concession is located between two geological gold belts, the Bibiani Belt to the west and the Asankrangwa to the east. The property shares borders with several major mining companies, including Newmont Mining, Napoli Gold and Dunkwa Continental Goldfields.
  • Successful Transition Could Prove Beneficial To Investors. Given the successful transition to a precious metals producer, the additional significant upside anticipated by management will be achieved by successfully utilizing the profits generated by the concessions to build shareholder value through becoming a mid-tier producer; entering a niche in the industry recently vacated by other companies through merger or acquisition by larger companies which brought enormous gains to their shareholders.
  • Immediate Revenues. SNEY will begin a gold purchasing program from the artisan's already working on the concessions; coupled with an oxide mineralization exploration and development plan designed to result in oxide gold recovery through gravity/wash plant operations on concession areas. The Artisans typically recover about 30% of the available gold using crude methods by hand. Modern mechanized methods are able to recover an additional 60% at the rate of 200 tons/hour.
  • Stable Geographic Location. Ghana has favourable mining laws and recently numerous major gold producers have begun defining what they believe will become one of the world’s most prolific gold belts.


Profile

Sunergy, Inc. was incorporated in the State of Nevada, USA, on January 28, 2003. It is an exploration stage company, engaged in the acquisition and exploration of mineral properties with a view to exploiting any mineral deposits it's discover that demonstrate economic feasibility. The Company's current operational focus is to conduct exploration activities on its Humming Bird Property and to complete the terms of the acquisition agreement with General Metals Corporation for the acquisition of the Nyinahin Mining Concession. The Company intends to continue exploration on the claim to test the identified mineralized area in the center of the property, and to evaluate the potential of the remainder of the claim area. It intends to complete an additional exploration program on the Hummingbird property consisting of grid establishment over a 15-kilometer area, line cutting, soil sampling and mapping. The Company competes with other mineral resource exploration companies for financing and for the acquisition of new mineral properties. The Company works in compliance with applicable governmental and environmental regulations.

The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. They control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Ofin river flowing through their eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin river is known for good alluvial gold production. Artisans usually recover about 30% of the available gold through primitive hand methods, which leaves 60-70% to be recovered by modern mechanical operations.

Given the successful transition to a precious metals producer, the additional significant upside anticipated by management will be achieved by successfully utilizing the profits generated by the concessions to build shareholder value through becoming a mid-tier producer; entering a niche in the industry recently vacated by other companies through merger or acquisition by larger companies which brought enormous gains to their shareholders. This growth occurs through expanding reserves and resources in properties where the company's operational and developmental expertise is used to build shareholder and operational value. Historically, it is not uncommon for mid tier precious metal producers to be trading at 40 to 100 times earnings.

Gold and Silver have been in a seven year bull market taking gold and silver prices to all time high's in recent times. Management believes that macro economic conditions domestically and internationally are likely to keep prices at current levels and very likely take them to after inflation highs or higher for gold and silver. Gold's after inflation equivalent to its 1981 high is over $2,000 per ounce. Continued rising spot prices increased return opportunities at every level along the way.


Projects

Nyinahin Mining Concession

Effective October 31, 2008, Sunergy completed the acquisition of 100% interest in Mikite Gold Resources ("Mikite"), a Ghanaian corporation with exclusive exploration rights to the Nyinahin Mining Concession near Bibiani, Ghana. The Mineral rights are for gold, diamonds and base metals.

The 150 square kilometer Nyinahin mining concession is located between two geological gold belts, the Bibiani Belt to the west and the Asankrangwa to the east. The property shares borders with several major mining companies, including Newmont Mining, Napoli Gold and Dunkwa Continental Goldfields. About 80% of the Nyinahin Concession lies to the west of the Offin River within the Ashanti Region of Ghana. The property is accessed via the main Kumasi-Bibiani trunk road and is located 48km southwest of Kumsasi and 20km northwest of Bibiani. It falls under the jurisdiction of the Atwima Mponua District Assembly with headquarters at Nyinahin. The district is home to the famous Ashanti Goldfields-Obuasi Mines and is one of the most active exploratory areas in the world.

A preliminary survey by Geodita Resources LTD, Ghana, indicates that the Nyinahin Concession has significant potential for lode gold mineralization and for recovery of alluvial gold. There are 3 major anomalous zones: Owusbukurom anomaly in the center Ntoboroso anomaly in the southeast and the Krakyekurom anomaly in the southwest. There are 4 known mineralized trends: Baaneekurom-Nyinahin, Ntoboroso, Owusukurom-Adupiri and Krakyekurom-Adupiri. The reconnaissance has also shown several abandoned surface mines that are yet to be investigated due to time and budget constraints of the current owners.

Location and Access

About 80% of the Nyinahin Concession lies to the west of the Offin River within the Ashanti Region of Ghana The property is accessed via the main Kumasi-Bibiani trunk road and is located 48km southwest of Kumsasi and 20km northwest of Bibiani. Adequate ground water appears to be available for diversion for future mining operations. Electrical power is sup[plied by the National Grid and Infrastructure facilities are available within the concession from notable towns which include Nyinahin, Akorabuokurom, Baaneekurom, Nagore and Ntoboroso.

Evidence of past exploration and mining activities exist in the form of pits and adits. There is a strong clustering of artisan pits located along the Offin River. Three old gold prospects exist on the concession. The first is located about 2.0 km SE of the village of Akorabuokurom and 3km from the village of Otaakurom, the second 1.8km SW of to the east of the concession, whilst the third is located along the south eastern boundary near the village of Owuokurom. Fragments of phyllite, greywacke and quartz are noted in the spoils of these pits.

A systematic exploration program was initiated in July 2005. The work consisted of active stream sediment sampling and geological mapping. Application to the Minerals Commission in Ghana upgraded this 150 sq. km. Nyhinahin mineral concession from a reconnaissance license to a full prospecting license.

The Opportunity

SNEY will begin a gold purchasing program from the artisan's already working on the concessions; coupled with an oxide mineralization exploration and development plan designed to result in oxide gold recovery through gravity/wash plant operations on concession areas. The Artisans typically recover about 30% of the available gold using crude methods by hand. Modern mechanized methods are able to recover an additional 60% at the rate of 200 tons/hour. There is good harmony in working with the locals, rather than putting them out of work.

The purchasing program from the locals will be immediately profitable with profits initially being contributed to the development of alluvial production equipment and operations. SNEY will purchase gravity/wash plant(s) and a field smelting facility to further recovery after the Artisan hand operations recover the initial gold. Once profitable, SNEY will reserve 60% of the gold recovered to guarantee anticipated future Gold Debenture financing for growth through acquisition of profitable targeted gold recovery operations. Additional Oxide Gold production opportunities are available in other concessions through acquisition or Joint Venture.

Why Ghana

The Company believes the country is an attractive location due to its stability and it history (Former British Colony independent since 1957. There are favourable mining laws and recently numerous major gold producers have begun defining what they believe will become one of the world’s most prolific gold belts.


Recent News and Press Releases

Sunergy Announces Kerry Bjornson, CEO Joins Company's Advisory Board
Marketwire (Mon, Aug 10)


Sunergy Announces $262,500 Debt Settlement to Eliminate Company Debt
Marketwire (Mon, Aug 3)


Sunergy Announces Finalization of Acquisition of Mining Interest in Ghana
Marketwire (Wed, Jul 29)


General Metals Announces Finalization of the Sale of Its Ghana Mining Interest
Marketwire (Wed, Jul 29)


Sunergy Announces the Appointment of P.K. Rana Medhi to Chairman of the Board of Directors
Marketwire (Tue, Jun 30)


Sunergy Reports Update on $1,000,000 Purchase of 150 sq. km. Ghana Mining Concession
Marketwire (Thu, Apr 2)


Management

The management team including the Directors and Advisory board members have more than 125 years of mining industry experience with junior and mid-tier companies involved in exploration, development and production of precious metals. The team consists of:

Joseph Guerrero
Chief Executive Officer, President and Director

For the past 3 years, Mr. Guerrero has worked for Re/Max Excalibur. During his 14 years in the real estate industry as a realtor and developer, Mr. Guerrero has also worked with Coldwell Banker and Realty Executives. Mr. Guerrero has indentified a market for new products, analyzed pricing vs. cost and made presentations to various investor groups, he has also taken raw land through the entitlement process which involves land planners, engineering, dealing with the City of Scottsdale for approvals, then to the On-Site construction requiring coordination with private investors, bank financing and architects.

P.K. Rana Medhi
Chairman of The Board, Director

Purnendu K. Medhi is a principal of Minerals Management International, a cooperative of mining professionals that provides comprehensive mining management services and technical support internationally to mineral industry and financial institutions. He also serves as Chairman of the Board of Governors of the Arizona Department of Mines and Mineral Resources and Trustee of the Boards of the Mining Foundation of the Southwest and AIPG Foundation. Mr. Medhi retired from Cyprus Amax Minerals Company in 1994 after 28 years of service in order to start his own consulting practice. At Cyprus he held various senior technical and management positions including general manager of several of its operating divisions where he participated in many of the industrial mineral, base metal and gold discoveries and mine development projects and played a key role in developing roasting, leaching and SX-EW technology. Mr. Medhi holds a Masters of Science degree from the University of Arizona and is a Registered Mining and Engineering Geologist in the states of Arizona and Oregon and a Certified Professional Geologist with the American Institute of Professional Geologists. He is also an adjunct professor of mining technology and geology with community colleges of Arizona.

Christian Brule
Founder of Sunergy, Director

Mr. Christian Brule has acted as director since our incorporation. Since January 1999 he has acted as a director of Sunorca Development Corp., a British Columbia and Alberta reporting company involved in the exploration and development of oil and gas projects in Alberta and Tanzania. Mr. Christian Brule acted as President of Sunorca Development Corp. from December 1999 to December 2006 and acts as the current Secretary of Sunorca Development Corp. Prior to March 13, 2002, Sunorca Development Corp. was known as First Telecom Corp. and was involved in the high technology and communications sectors. Since August 1996, he has also acted as president of Deep Cove Management Ltd., formerly known as Pentium Communications Corp., a private company that provides management and consulting services to reporting companies that have obligations to file periodic disclosure with securities commissions in Canada.

George Polyhronopolous
Principal Financial Officer, Director, Secretary and Treasurer

On September 12, 2008, George Polyhronopolous was elected as a director of the company. In addition, Mr. Polyhronopolous was appointed secretary and treasurer of the company. Since 2003, Mr. Polyhronopoulos has been the President and sole shareholder of Aegean Capital Management. Additionally, since 2002, he has been the President of Exo Performance Armor Ltd. Mr. Polyhronopoulos graduated from Kitsilano Secondary School in 1972.

Stephen B. Parent
Advisory Board Member

- 25 years of experience in the mining industry
- Managed the exploration and development at junior public mining companies
- Founder and Chief Executive Officer and President of General Metals Corporation

Kerry Bjornson
Advisory Board Member

- 20 years of experience in the mining industry
- Contract Mine construction in US for gold, silver and copper
- Chief Executive Officer, Gold Canyon Mining and Construction


Contact

Sunergy Inc.

8711 E. Paraiso Drive
Scottsdale, AZ 85255
United States
Phone: 602.740.1132
Website: www.sunergygold.com


FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Sunergy Inc. current expectations about its future results, performance, prospects and opportunities. Sunergy Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Sunergy Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.


Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Sunergy Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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