SOURCE: Unico, Inc.

Unico, Inc.

February 27, 2009 10:03 ET

Unico, Inc. Chairman Files Form 4 Reporting Recent Acquisition of Over 1.9 Million Shares of Common Stock

SAN DIEGO, CA--(Marketwire - February 27, 2009) - Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced that Ray C. Brown, chairman of the company's Board of Directors, has filed a Form 4 Statement of Change in Beneficial Ownership of Securities with the Securities and Exchange Commission reporting a acquisition of common stock on February 24, 2009.

The Form 4, which was filed on February 25, 2009, reports that Mr. Brown acquired 1,906,525 shares of common stock at a price of $0.004. The acquisition brings the total number of common shares that Mr. Brown owns to 2,795,110. The filing can be viewed through by clicking the appropriate link at http://www.unicomining.com./IR/investorrelations.php.

"I am pleased to have the opportunity to increase my common stock position in Unico at this time," stated Mr. Brown. "Recent events at the Deer Trail Mine, including the opportunities presented by the tellurium content as well the alternative methods for the recovery of gold and silver from the recently produced concentrates at the site, have only added to my confidence in the future potential of the company. I look forward to observing the next steps in the development of the Deer Trail project and will consider further additions to my common stock position as additional milestones are achieved."

Unico recently announced that due to the continued strength in gold and silver markets, Unico's wholly owned Deer Trail Mining Company subsidiary has explored different leaching technologies for the recovery of gold and silver from the company's recently produced concentrates at the Deer Trail mill facility. Several tests have been conducted in the Deer Trail metallurgical facility, and samples of the concentrate were also sent to an outside laboratory for leachablity test work. The results of the testing suggested that as much as 91% of the gold and 88% of the silver contained in the concentrate may be extractable within the first two hours of agitated leaching. The sample used in this test work represents an average of our concentrate product produced thus far in the floatation circuit at the Deer Trail Mill Facility. The procedure was conducted by fire assay and yielded 0.43 oz/ton gold (Au) and 71 oz/ton silver (Ag).

The company also recently reported the presence of tellurium, an extremely rare element which is used in a variety of applications, at the Deer Trail Mine. Unico is currently exploring all available commercial opportunities for the tellurium content.

Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when newsletters are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.

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.

Forward-Looking Statements

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.

Contact Information

  • Contacts:
    Gemini Financial Communications, Inc.
    A. Beyer
    951-677-8073
    Email Contact