Unico, Inc.
Announces the Receipt of an Additional $200,000 in Funding from Moore
Investment Holdings, LLC
Issued Monday April 7, 9:46 am ET
New Funds Bring Total Financing to $1 Million Since the Beginning of 2008
SAN DIEGO, CA--(MARKET WIRE)--Apr. 7, 2008--Unico, Incorporated (OTC BB: UCOI),
a natural resource company in the precious metals mining sector, today
announced the receipt of an additional $200,000 in financing through the sale
one new convertible debenture to Moore Investment Holdings, LLC, a Nevada
limited liability company. The financing will be utilized to complete ongoing
reconstruction and equipment start-up testing at the Deer Trail mill and
processing facility, as well as additional underground mine maintenance and
rehabilitation work at the Deer Trail Mine.
Details of the financing are included in a Form 8-K filed with the Securities
and Exchange Commission on April 3, 2008.
Including the $200,000 reported in the Form 8-K filing, Unico has received a
total of $1,000,000 in financing since the beginning of the 2008 calendar year
to help stimulate operations at the Deer Trail Mine.
Unico's wholly owned subsidiary, Deer Trail Mining Company LLC, is completing
work and testing in preparation for the initiation of processing operations at
the Deer Trail mill facility. Reconstruction work in both of the main mill
buildings and start-up testing of the floatation circuit has been announced
over the past several weeks. The company also announced recently that Atlas
Fausett Contracting had completed rehabilitation work up through to the 3400
level of the PTH tunnel of the Deer Trail Mine.
"The financing we have recently secured has been critical for the company
to continue to support operations at the Deer Trail site, including start-up
testing at the Deer Trail mill and processing facility," stated Mark A.
Lopez, chief executive officer of Unico, Inc. "We continue to focus on the
completion of the floatation circuit of the mill, so that processing operations
can begin. We intend to update shareholders on our progress as frequently as
possible."
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About Unico, Inc.
Unico, Inc. (OTC BB: 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. 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
www.otcfn.com/ucoi
.