Unico, Inc. Announces Chairman's Purchase of 2.55 Million Shares to Double Common Stock Ownership
Market Wire "US Press Releases "
SAN DIEGO, CA -- (MARKET WIRE) -- 10/18/06 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that chairman Ray C. Brown has doubled his common stock position in the company through the purchase of an additional 2,550,000 shares of Unico stock.
The purchase was made at a price of $0.0128 per share on October 13, 2006 and brings the number of common shares that Mr. Brown owns to 5,100,000. 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.
"Unico's consistent progress in its efforts to complete reconstruction of the mill and processing facility at Deer Trail Mine continues to increase my confidence in the future of the company and its subsidiary mining companies," stated Mr. Brown. "We are also extremely optimistic about the additional information that Unico expects to receive from the logging and analytical work being completed by Behre Dolbear."
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) 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 three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
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Ya dilution. LoL. The management has been buying shares for there own account, and been selling shares to drive there own account down. That may be the dumbest thing I've heard.
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quote:Originally posted by invester: Ya dilution. LoL. The management has been buying shares for there own account, and been selling shares to drive there own account down. That may be the dumbest thing I've heard.
THEN WHY THE DROP FROM .03++ TO .015 ?
Quick Quote Symbol UCOI Last 0.018 Change +0.00 Bid 0.018 Ask 0.019 High 0.018 Low 0.017 Vol 4,716,530 Time 09:35:22
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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quote:Originally posted by invester: Ya dilution. LoL. The management has been buying shares for there own account, and been selling shares to drive there own account down. That may be the dumbest thing I've heard.
think about it.... these pr´s made you buy, right?? might not be so dumb after all.... they dilute the living daylight out of this! look at the chart
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Today’s Price Performance as of 9:59am EDT, 10/18/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.021 Last Price 0.0044 +28.21% Today’s Change $0.02 Today’s Open 8,531,680 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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Unico, Inc. Announces Interim Summary Report on Analysis of Diamond Core Samples From Drilling Program at Deer Trail Mine
Market Wire "US Press Releases "
SAN DIEGO, CA -- (MARKET WIRE) -- 10/19/06 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced results from an Interim Summary Report submitted by Behre Dolbear and Company, Inc., which is providing geological and analytical services at Unico's Deer Trail Mine in Marysvale, Utah.
The report from Behre Dolbear states:
"Unico, Incorporated drilled 7,235 feet of BQ diameter core at various inclinations and azimuths from four drill stations in the Patrick Thomas Henry (PTH) adit at the Deer Trail Mine from December 2004 to April 2005. At that time, the core was not logged in detail and no analyses were done. Table 1 summarizes the drilling statistics. The station locations are defined based on the approximate footage from the PTH adit portal.
Behre Dolbear & Company (USA), Inc. (Behre Dolbear) contracted with Unico in March 2006 to geologically log the core, select intervals for analyses and assays, supervise the sawing of the selected intervals, submit those samples to a laboratory for analyses, opine on the mineralization observed, and provide technical advice to Unico. Between March 23, 2006 and October 6, 2006, Behre Dolbear logged in detail 4,429 feet of core from the eight holes indicated in Table1. A total of 550 samples totaling 611 feet of core containing trace to significant mineralization from six of the holes (UDDH 1, 5, 9, 11, 12, and 13) has been selected, sawed, submitted for analyses and assays, and the results received and evaluated. Analyses are pending from 228 samples from 385 feet of core in UDDH 3. UDDH 4 has been logged, but sample intervals have not been selected.
ALS Chemex (Chemex) did the analyses and assays at its laboratory in North Vancouver, British Columbia. Sample preparation, analyses, and assays were done as requested by Behre Dolbear using Chemex's standard protocols. Gold was determined by fire assay with an atomic absorption spectrometry (AAS) finish. All samples were also analyzed for a 34-element suite of major and potentially significant trace elements using an aqua regia digestion and an emission spectrographic scan. Chemex's quality control-quality assurance system complies with the requirements of the international standards ISO 90001:2000 and ISO17025:1999.
The Pennsylvanian Callville Limestone is the host of the mineralization in the holes logged by Behre Dolbear at the Deer Trail Mine. Behre Dolbear has logged over 4,400 feet of core that traverses the various lithologies of the upper 700 feet of that formation. This detailed logging has resulted in the recognition of ten previously unrecognized informal members and/or other subdivisions that will enable future work to place the mineralized horizons in the vicinity of the mine into stratigraphic perspective.
The mineralization in the Callville Limestone typically consists of stratabound narrow conformable bands of semi-massive to massive sulfides separated by relatively long intervals of weakly mineralized to barren rock. Ore minerals include sphalerite, galena, chalcopyrite, and tetrahedrite-tennantite. Where the significantly mineralized zones are thicker, the mineralized bands are closer together.
Based on the analytical results received to date, Behre Dolbear combined 33 continuous assay intervals from six holes into gross assay intervals ranging from 2.3 feet to 95 feet in length, uncorrected to true stratigraphic width. Intervals within the gross intervals were combined into 113 detailed intervals based on their grades."
Mark A. Lopez, chief executive officer of Unico, Inc., commented, "While this interim report only reflects a portion of the work that Behre Dolbear has included in its Interim Summary Report we are very pleased with the results so far. Additional information from the interim report is planned for a subsequent announcement in the next several days. The additional information includes the weighted average grades from the best intervals in each of the six holes analyzed.
"We appreciate Behre Dolbear's willingness to provide this information, so that Unico shareholders can be informed of the initial work by Behre Dolbear at the Deer Trail Mine. It shows well for the progress thus far that Behre Dolbear would provide the information in this report rather than waiting for the final summary report to release any results," Mr. Lopez added.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI), 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 three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
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