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American Company Spotlight

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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.
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to the business plans of the Company, within the meaning of
Section 27A of the Securities Act of 1933 and Sections 21E
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the safe harbor created by these sections. Actual results
may differ materially from the Company's expectations and
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