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[QUOTE]Originally posted by BooDog: [QB] Unico, Inc. Announces Initiation of Process to Complete Purchase of the Deer Trail Mine Wednesday June 6, 9:22 am ET 32 Patented Mining Claims and 171 Unpatented Mining Claims Are Subject to the Purchase Agreement SAN DIEGO, CA--(MARKET WIRE)--Jun 6, 2007 -- Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that the process of transferring ownership of the Deer Trail Mine from Crown Mines, LLC has been initiated and the company expects to complete the purchase of the property once the necessary agreements have been executed. ADVERTISEMENT Legal representatives from Unico, Inc. and Crown Mines, LLC are working to complete several necessary documents related to the purchase, including a purchase agreement, a bill of sale and a quitclaim deed to effect the transfer of ownership of the Deer Trail Mine property. The mining lease and option to purchase between Unico, Inc. and Crown Mines, LLC, dated December 12, 2001, was adjusted through a first modification of mining lease and option to purchase, dated May 31, 2004, a second modification of mining lease and option to purchase, dated April 21, 2006, a third modification of mining lease and option to purchase, dated November 1, 2006, and a fourth modified lease and option to purchase agreement in April 2007, which provided for a due date of May 31, 2007 for Unico, Inc. to exercise its purchase option. Under the agreement, Deer Trail Mining Company, LLC has the right to acquire the mining claims located in Marysvale, Utah, which consist of 32 patented mining claims and 171 unpatented mining claims, as well as mill sites, dumps and other transferable rights contained in the agreement. The claims covered in the purchase agreement total approximately 3,275 acres, or 5.12 square miles, and include workings known as the Deer Trail Mine, the PTH Tunnel and the Carisa and Lucky Boy Mines. The PTH Tunnel penetrates more than 10,000 feet, with a developed network of tunnels, shafts, stopes, and raises at the 3,400-foot-area and at the 8,000-foot-area, and was mined by prior owners for gold and silver. The initial Deer Trail claims date back to 1870. "We are extremely pleased to have initiated this process to consummate the purchase of the Deer Trail Mine from Crown Mines, LLC and to secure this property as a long-term asset for the company," stated Mark A. Lopez, chief executive officer of Unico, Inc. "We plan to provide an update reporting the status of the purchase and the expected transfer of ownership of the property once the paperwork is completed and the transfer of title occurs. The company is not only excited to get to this stage, but is also looking to finalize the transaction, so it can move forward with its future plans for the project. We appreciate the coordination of efforts taken from all sides to make this happen." Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries 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. [/QB][/QUOTE]
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