Tag Archives: Fob

Sunergy Closes Initial Sale of 27.5 tons of Stock Piled Black Sands From Pampana River, Sierra Leone Dredging Operations And Establishes A Base Price With Profit Sharing On Final Price To Produce Gold and Rare Earths Revenue

SCOTTSDALE, Ariz., Jan. 10, 2013 /PRNewswire/ — Sunergy, Inc (the “Company”) (OTC.QB: SNEY) is pleased to announce that on December 28, 2012 it sold and delivered an initial shipment of 27.5 tons of Pampana Black sands containing both Gold and Rare Earth Elements to a substantial Sierra Leone private Company for further processing and ultimate disposition. The terms of the transaction provide for a base payment to Sunergy of $1,200/ton FOB Sierra Leone, with a 50/50 split on the final price received above $1,200. The results of the Hazen Report received in August 2012 demonstrated that the Sands contained gold, titanium, zircon, tantalum and niobium and other Rare Earth Elements (See “Hazen Report” at www.sunergygold.com on home page).  Further processing of the sands by the buyer could result in additional revenue for our Company in the near future from this shipment. read more

Posted in African News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment