Press Release
Unico, Inc. Announces an Additional $300,000 in Financing from Moore
Investment Holdings, LLC
Issued Monday September 8, 10:29 am ET
SAN DIEGO, CA--(MARKET WIRE)--Sept. 8, 2008--Unico, Incorporated (OTC BB:
UNCO), a natural resource company in the precious metals mining sector, today
announced the receipt of an additional $300,000 in financing through the sale
of two new convertible debentures to Moore Investment Holdings, LLC, a Nevada
limited liability company.
The $300,000 in financing received includes one convertible debenture in the
amount of $200,000 dated August 7, 2008 and another debenture in the amount of
$100,000 dated August 25, 2008.
The funding received by the company is being utilized to help stimulate
operations at the Deer Trail Mine in Marysvale, Utah, including the recently
announced underground rehabilitation work at the Deer Trail Mine and the
continued upgrades and improvements to the floatation circuit at the Deer Trail
mill and processing facility. Testing of the floatation circuit at the Deer
Trail mill is ongoing, and the company has announced that the next steps at the
facility are expected to include the production of concentrates.
Including the $300,000 received as a result of these debentures, Unico has
received a total of $1,715,000 in financing since the beginning of the 2008
calendar year.
�The financing received as a result of these two recent debentures has been
used to support improvements at the company�s project at the Deer Trail Mine,�
commented Mark A. Lopez, chief executive officer of Unico, Inc. �These
improvements include ongoing upgrades and refinements to the floatation circuit
at the Deer Trail mill facility, as well as underground rehabilitation work at
the Deer Trail Mine.�
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About Unico, Inc.
Unico, Inc. (OTC BB: 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.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
.