Unico, Inc. Announces Deer Trail Mining Company Agreement With PacifiCorp for Electrical Substation Thursday July 20, 9:25 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jul 20, 2006 -- Unico, Incorporated (OTC BB:UNCN.OB - News), a natural resource company in the precious metals mining sector, today announced that Deer Trail Mining Company, LLC, a wholly owned Unico subsidiary, has reached an agreement with PacifiCorp, which supplies more than 1.6 million customers with energy and has more than 8,400 megawatts of generation capacity, to perform design and engineering services related to the construction of an electrical substation at the Deer Trail Mine and processing facility in Marysvale, Utah. PacifiCorp (www.pacificorp.com) will work in cooperation with BNA Consulting, Inc. (www.bnaconsulting.com) of Salt Lake City, a major provider of electrical consulting services, which was contracted by the Deer Trail Mining Company in April 2006 to provide a broad range of engineering services related to the construction of the substation.
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"We have been working with PacifiCorp and BNA Consulting regarding the new substation at the Deer Trail Mine for some time now. This formal agreement related to the feasibility and engineering will help us to pinpoint our power and energy need, and enable PacifiCorp to expand and construct certain improvements at the existing facility," said Mark A. Lopez, chief executive officer of Unico, Inc.
"PacifiCorp is playing an important role in identifying the requirements of the facility in conjunction with BNA Consulting, and we expect a relatively short timeframe for completing this substation. Initially, the project does not seem to be very complex and should be completed soon," added Mr. Lopez.
The Deer Trail Mining Company is engaged in reconstruction of the mill and processing facility to improve both efficiency and capacity in processing operations at the Deer Trail Mine. The design and completion of a new electrical substation at the Deer Trail Mine is expected to provide substantial cost savings for the Deer Trail Mining Company, specifically as it relates to the operation of the mill and processing facility, as a result of lower energy costs and greater reliability.
A major focus of the company's current operations is on the completion of the mill and processing facility, so the Deer Trail Mining Company can begin processing current stockpiles of material and production of the concentrates to sell in fulfillment of the company's five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation. The reconstruction includes a variety of improvements that are expected to improve the long-term performance of the facility and increase the company's profitability.
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 www.uncn.com/IR/mailinglist.asp.
About Unico Inc.
Unico Inc. (OTC BB:UNCN.OB - News) 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. For more information, please visit www.uncn.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.
Posted by pennys on :
good news
Posted by pennys on :
UNCN MOVING FAST. UP TO .002. HURRY GUYS
Posted by pennys on :
WOW vol increasing something happening
Posted by pennys on :
pennys are better than dollars!!!!!!go UNCN
Posted by pennys on :
shortly it will blow pal
Posted by pennys on :
maybe test results are near?
Posted by pennys on :
going up soon;
Posted by pennys on :
moving .0014 soon.
Posted by loadedgun on :
I agree this is going to be one of the hottest of 2006. Next news release will blow the top off. Should be soon
Posted by pennys on :
yeah, wait until this begins to move , it will then shoot up, even to 1c.
Posted by Batman on :
LoL
Posted by loadedgun on :
Screening has started today. Mill must be ready to go soon. Core Sample should be out soon.
Posted by pennys on :
Results willl be out soon? If that is true we are in for one big one. Thanks.
Posted by loadedgun on :
I believe these guys are already producing gold concentrates. I hope to see these guys use profits from sales to buy back shares as opposed to a reverse split. Screening pictures are up. We also see the bubbly foth from the concentrators in another. Could it be. I hope the prices stay low for another couple weeks so i can load up...........later
Posted by m69jump on :
watching..........like
Posted by loadedgun on :
Well these guys at UNCN have been quietly building this mystery for the last several yrs. The gold mine is beening developed in an unconventional manner.........but it seems to work for them. To the common investors they see no "gold to mine" because there is no cores to prove it. Yet UNCN has been aquiring and upgrading equipment. Why? They got it. Soon the last piece of the puzzle will be released.
They will soon rip the rug out from under the shorters and create such a feeding frenzy.
In my opion they are already producing concentrates from placer placements and stockpiles. You don't need the mill to produce.
Posted by pennys on :
seeming to go off soon.
Posted by loadedgun on :
I'm am so impatiently waiting for this. Hopefully soon
Posted by pennys on :
So am I pal. If it moves , it will move big for at least 1 week. Just let it run to over .005
Posted by loadedgun on :
I believe it will go higher. New pictures released tonight dated may 31,2006. They will be producong soon
Posted by pennys on :
hopefully yes. Trading has no limits sometimes, look at xkem, and paiv. same will be uncn.
Posted by EverGreen on :
-- Unico, Incorporated (UNCN) , a natural resource company in the precious metals mining sector, today updated shareholders on progress of reconstruction of the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. Reconstruction of the mill and processing facility is designed to improve both efficiency and capacity in processing operations at the Deer Trail Mine as it begins processing stockpiled material currently present on the property. The facility is also expected to be utilized for material harvested from future mining programs at the Deer Trail Mine and other Unico subsidiaries.
A new photo gallery of the additional reconstruction work have been added to the Unico website in the "Media" section at www.uncn.com/news/othermedia.asp.
Included in the recent construction is completion of the fine ore hoppers, which will be placed into their concrete foundation. A thirty thousand gallon steel tank, one-half inch thick, has been purchased and moved onto site. The tank was split in two equal pieces measuring 16 feet tall and 11 feet wide. A 100-ton crane has been contracted to hoist the hoppers and the tank into place on their concrete foundations, and this work is scheduled for completion within the next week. Rubber Engineering has made their final measurements and fitted the templates, and the fabrication of the ball mill liners is near completion. The ball mill bearings have been sent in to Bonneville Machine in Salt Lake City to be machined. They are expected to be delivered next week.
The company has purchased a 2001 Caterpillar 938g loader, which will primarily be used for feeding the mill. A 2000 Case 9030B excavator has also been purchased, and is now being used for the screening operation. The ground has been cleared and leveled for installation of belt line to the ore silos. Two Helmick 36" by 50' conveyors with a weight tech belt scale were purchased to transport the ore from the feed bin to the fine ore bins and a feed bin manufactured by Industrial Feeder was also purchased. All leg supports have been engineered and built to support the conveyers to the fine ore bin.
Once the mill is operational, Unico's wholly owned subsidiary Deer Trail Mining Company, LLC will begin processing the stockpiled dump material and sell the concentrates in fulfillment of the company's five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation. Terms of the agreement include a monthly purchase quantity of 150 tons for the first 6-9 months and increases to 300 tons through the duration of the five-year term. Unico has estimated that the gross cash flow produced from the PGM contract could range from $125,000 up to $450,000 per month.
"We continue to be pleased at the progress on reconstruction and improvement at the mill and processing facility," said Mark A. Lopez, chief executive officer of Unico, Inc. "With the ongoing screening of material from the first targeted Upper Dear Trail Mine area, as well as the longer-term planned mining activity at the Deer Trail Mine, there should be a steady supply of available feed for the mill for the foreseeable future."
Unico recently announced that the Deer Trail Mining Company, has initiated screening plant operations at the upper Deer Trail Mine, and that material is being run through the screening plant and moved to the mill in preparation for further processing. In total, the company has identified approximately 80,000 tons of material from this area, which it plans to screen and process at the Deer Trail mill facility. Historically, the material mined in this area has contained economical values of both gold and silver.
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 www.uncn.com/IR/mailinglist.asp. Posted by loadedgun on :
Well they seem to keep us well informed. Get the ball rolling already
Posted by atleast on :
R/S was approved for sometime in August - any news about?
Posted by pennys on :
let's go UNCN breaking point .0014
Posted by pennys on :
now up we go. HURRY> to 1c soon
Posted by pennys on :
over .002 in sec. get it . this will be wild
Posted by J_U_ICE on :
UNCN (.0013) Announces Form 4 Filing on Purchase of 20 Million Shares of Common Stock by Chairman Jul 31, 2006 10:17:00 AM
SAN DIEGO, CA -- (MARKET WIRE) -- 07/31/06 -- Unico, Incorporated (OTCBB: UNCN), a natural resource company in the precious metals mining sector, today announced that chairman Ray C. Brown has purchased an additional 20,000,000 shares of Unico common stock. A Form 4 Statement of Change in Beneficial Ownership of Securities regarding the purchase has been filed with the Securities and Exchange Commission.
The purchase was made at a price of $0.00104 per share on July 28, 2006 and brought the number of common shares that Mr. Brown owned to 60,000,000. Subsequently, Mr. Brown gifted 10 million shares of his purchase, bringing his total ownership to 50,000,000 shares.
"At a time when Unico continues to make progress in developing revenue streams and establishing value in its subsidiary mine properties, I am pleased to add to my common stock position with this purchase," said Mr. Brown.
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 www.uncn.com/IR/mailinglist.asp.
About Unico, Inc.
Unico, Inc. (OTCBB: UNCN) 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. For more information, please visit www.uncn.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.
Contacts: Gemini Financial Communications for Unico, Inc. A. Beyer 951-587-8072 Email Contact www.uncn.com
OTC Financial Network Rick McCaffrey 781-444-6100, x625 Email Contact www.otcfn.com/uncn Posted by pennys on :
management buying shares eh mmmmmmmm
Posted by pennys on :
The news is spreading. Over .002 in no time.
Posted by BlindMellonChitlin on :
Don't hold your breath.....
Posted by pennys on :
scaring off weak hands. understand
Posted by pennys on :
will it close above .002?
Posted by BlindMellonChitlin on :
Unlikely. It will take a better PR than this one to really move this one...IMO.
Posted by loadedgun on :
After digging a little deeper, it seems there is contraversy brewing about naked short selling. Check out the i-hub board #177. I don't think there will be a R/S if the board recently bought.
Posted by kt325ci on :
Unico, Inc. Submits Rule 10b-17 Notification on Reverse Stock Split Aug 2, 2006 9:00:00 AM SAN DIEGO, CA -- (MARKET WIRE) -- 08/02/06 -- Unico, Incorporated (OTCBB: UNCN), a natural resource company in the precious metals mining sector, has given notice to the National Association of Securities Dealers, Inc. (NASD), pursuant to Rule 10b-17 of the Securities and Exchange Act of 1934, that effective August 11, 2006 at 8:00 a.m. Eastern time, the company will effect a reverse split of its issued and outstanding common stock on the basis of one share of common stock to be issued for each 100 shares issued and outstanding.
There are currently 4,909,096,450 shares of the company's common stock issued and outstanding. Once the reverse split is effected, there will be approximately 49,090,965 shares of common stock issued and outstanding, without taking in consideration the rounding up of fractional shares. One whole share will be issued in place of each fractional share that results from the reverse split. No cash will be paid for fractional shares.
New certificates of common stock will not be issued, and no action is required by shareholders as a result of the reverse split.
At a special meeting of shareholders held on February 2, 2006, the holders of a majority of the company's common stock approved an authorization for Unico's Board of Directors, at its discretion, to effect a reverse stock split of Unico's common stock at a ratio of up to one-for-one hundred. The authorization was approved with 344,598,317 shares voted in favor, 113,873,656 shares voted against and 4,793,109 shares abstained. With over 69% of the outstanding common stock voting in favor, the proposal was approved. Approximately 74% of the shares voted regarding this proposal were cast in favor.
As stated in the proxy statement for the special meeting of shareholders, Unico's Board of Directors proposed the authorization for the reverse split with the belief that it may increase the trading price of the common stock. An increase in the price of the common stock should, in turn, generate greater investor interest in the common stock, thereby enhancing the marketability of the common stock to the financial community. In addition, the resulting reduction in the number of issued and outstanding shares of common stock will provide the company with additional authorized but un-issued shares which could be utilized for future financing, acquisitions or mergers or to otherwise carry out the company's business objectives.
Unico chief executive officer Mark A. Lopez commented, "The Board of Directors pursued the authorization for the reverse split to give the company the ability to institute a capital structure that would allow it to access financing that will be applied directly to operations and the expansion of its business. A significant majority of shareholders voted in favor of this proposal.
"Since the authorization was approved in February 2006, Unico has dedicated its efforts to developing regular and significant revenue streams from its mining operations. These efforts have included the ongoing reconstruction of the mill and processing facility at the Deer Trail Mine in Marysvale, Utah, so that current stockpiles of material can be processed and sold. The company has also moved forward on independent geological core logging and splitting verification on samples taken from the underground diamond core drilling program conducted at the Deer Trail Mine in 2005. Areas being identified of interest to potentially contain base and precious metal content are being sent out for further assay analysis," Mr. Lopez said.
"All of these efforts are oriented around establishing value in Unico's mine properties, and this reverse split is expected to provide the company greater flexibility as it moves forward to maximize the potential of its subsidiary holdings," added Mr. Lopez.
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 www.uncn.com/IR/mailinglist.asp.
About Unico, Inc.
Unico, Inc. (OTCBB: UNCN) 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. For more information, please visit www.uncn.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.
Contacts: Gemini Financial Communications for Unico, Inc. A. Beyer 951-587-8072 Email Contact www.uncn.com
OTC Financial Network Rick McCaffrey 781-444-6100, x625 Email Contact www.otcfn.com/uncn Posted by BlindMellonChitlin on :
Well that will kill this one pretty much.
Posted by will on :
There might be some gains before 8/11. MM's have a habit of running R/S'ers before the effective date to clear their inventory before it hits. If anyone decides to play it, be smart and be quick, make sure you're out the day before.
Posted by BlindMellonChitlin on :
Better get what you can, since post RS it will drop to half or less of whatever it opens at.
Posted by will on :
Once it bottoms it will have a pop afterwards. Problem is finding bottom, they can be ruthless with these.
Posted by loadedgun on :
well iam eating crow. I cant figure this one out.
Posted by Hitman on :
Man..... This one had potenial.... how can companies be so stupid do do a reverse split..... They might as well take a gun and shoot their self in both feet......
Posted by will on :
To consider and vote upon a proposal to amend the Company's Articles of Incorporation to authorize the Board of Directors, in its discretion, to effect a reverse stock split of the Company’s Common Stock at a ratio of up to one-for-one hundred during the six month period following the date of the Special Meeting of Shareholders.
That is From a DEF14A filed 12/22/05. Meeting was held Feb 2. The R/S was 6 monthd to the day. So, it was no surprise, or shouldn't have been.
quote:Originally posted by will: There might be some gains before 8/11. MM's have a habit of running R/S'ers before the effective date to clear their inventory before it hits. If anyone decides to play it, be smart and be quick, make sure you're out the day before.
Posted by loadedgun on :
We are going to see a squeeze on this one. But who knows i was already wrong on the reverse split.
I believe the core sample is back already. That is why board member bought 20 million shares only to have 200,000 within a few days.
My prediction.....core sample announcement after r/s to create the squeeze. ARCA and NITE in trouble. They are playing with dynomite on this one.
Posted by xnycen on :
big volume has hit these days, let's see it run up to .002 again
Posted by loadedgun on :
This stock has and will continue to make a lot of green. Production will occur soon and sample results will be released next week
Posted by atleast on :
quote:Originally posted by loadedgun: This stock has and will continue to make a lot of green. Production will occur soon and sample results will be released next week
Agreed, good company with lots of potentials. As soon as they solve financial problems the stock will be green. Out for now - R/S is R/S but will back sometime after August 11th.
Posted by loadedgun on :
uncn will up the stakes by announcing core sample before Aug 11. JIMO
Posted by Hitman on :
I sure hope ur rite.... I hate to loose money in this stock - I it had lots of up swing coming.... just not sure now- with the RS
Posted by xnycen on :
before 11th comes on the split, this one might hit to the .002s range again, ....
Posted by xnycen on :