Unico, Inc. Chairman Files Form 4 on Common Stock Share Purchase
of Over 4 Million Shares -
June 11, 2007 -
Unico, Incorporated -
(OTCBB: UCOI), a natural resource company in the precious
metals mining sector, today announced that -
chairman Ray C. Brown -
has filed a Form 4 Statement of Change in Beneficial
Ownership of Securities with the Securities and Exchange Commission reporting the purchase of 4,156,463 shares
of common stock.
This purchase, which was made on June 6, 20007 at a
price of $0.0016 per share, brings the total number of
common shares that Mr. Brown owns to 16,227,474.
Mr. Brown made his purchase after Unico, Inc. announced
that the process of transferring ownership of
the Deer Trail Mine from Crown Mines, LLC
to the company had been initiated.
Mr. Brown, who served as chief executive officer of
the company from 1983 to 2004, indicated that securing
the Deer Trail Mine was an important factor
in his stock purchase.
"Having served as CEO of the company when it entered into
the first lease and purchase option agreement with
Crown Mines, LLC for the Deer Trail Mine,
I was extremely pleased to see Unico secure the capital
necessary to initiate the process of taking ownership
of the property," stated Mr. Brown.
"I remain confident that the purchase of
the Deer Trail Mine, along with the expected completion of
the mill and processing facility at the Deer Trail Mine
and additional mining activities planned at the property
in the future, will result in the development of long-term
value for shareholders.
As a result, I am pleased to be able to add to my common
stock position in the company at this time."
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
unicomining.com
and fill in the appropriate fields.
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 also announced agreements to acquire
over 70 additional mining claims.
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 ----
---- are included on certain forms the company files with
the Securities and Exchange Commission.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
Email Contact
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Email Contact
www.otcfn.com/ucoi
app.quotemedia.com
Gold may touch $1000: JP Morgan -
Bloomberg / Mumbai June 08, 2007
Gold may rise to more than $1,000 an ounce as demand from
India, China and exchange traded funds increases and
production of precious metal falls, according to
JP Morgan Chase & Co., the third-largest US bank.
Gold, which has risen 5.2 per cent this year, may reach
$850 an ounce in the “medium term,’’ on the way to $1,000,
analysts from JP Morgan led by John Bridges said in the
report dated June 6. They didn’t specify what
the medium term was.
Gold-mining companies reduced output to a 10-year low of
2,471 metric tons in 2006, according to London-based
researcher GFMS Ltd.
Demand for gold from India, the world’s largest buyer,
rose 50 percent in the first quarter of 2007
while demand in China gained 31 percent,
according to the World Gold Council.
“We would continue accumulating gold and silver positions
looking to higher prices by year-end,’’ the analysts said.
“A four-figure gold price looks quite feasible to us given
the tight supply demand situation in the gold market.’’
Gold for immediate delivery fell as much as $1.30,
or 0.2 percent, to $669.45 an ounce and traded at $670
at 11:56 am Sydney time.
Silver for immediate delivery fell 1 cent to $13.69 an ounce.
Demand from this year’s Indian wedding season,
the Chinese year of the ‘Golden Pig,’ and purchases
by exchange traded funds may boost prices, the analysts
led by Bridges said in the report.
business-standard.com
UCOI should be like the Gold -
on a fair level playingfield -
Au bull rund for next 20 years -
What Has Government Done to Our Money?
mises.org
investorshub.com
Subject 27527 |
