Unico, Inc. Announces Form 4 Filing on Common Stock Purchase By Chairman Ray C. Brown
Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced that on September 4, 2008, chairman Ray C. Brown purchased 134,150 shares of Unico common stock at a price of $0.056 per share. The purchase brings the total number of common shares that Mr. Brown owns to 278,608.
Mr. Brown’s purchase is reflected in a Form 4 Statement of Change in Beneficial Ownership of Securities filed with the Securities and Exchange Commission on September 8, 2008.
Unico is currently completing the testing phase of the completed floatation circuit at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. Material is being processed as part of the testing phase, and the company expects the next steps at the facility to include the production of concentrate. Additionally, Unico recently announced the progress of underground rehabilitation work at the Deer Trail Mine, including work on the upper Deer Trail Mine #3 tunnel, the #3 portal, the #1 tunnel, and the 3400 escape shaft of the PTH tunnel.
“Management is very pleased with the recent progress at the Deer Trail Mine, and I am delighted to have this opportunity to increase my common stock position in the company,” stated Mr. Brown. “We look forward to the next steps of this project, including the expected production of concentrates at the Deer Trail mill facility.”
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About Unico, Inc.
Unico, Inc. (OTCBB: UNCO) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its two mine properties: the Deer Trail Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims including the Clyde and Crown Point mining claims. In August 2007, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit www.unicomining.com.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contacts: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact OTC Financial Network Rick McCaffrey 781-444-6100, x625 Email Contactwww.otcfn.com/ucoi
SOURCE: Unico, Inc.