Unico Inc chairman acquires additional common stock

Mon. March 02, 2009; Posted: 07:40 AM

Mar 02, 2009 (M2 EQUITYBITES via COMTEX) -- UNCN | Quote | Chart | News | PowerRating -- Unico Inc (OTC BB:UNCO.OB), a natural resource company in the precious metals mining sector, declared on 27 February that the chairman of the board of directors, Ray C. Brown, has filed a Form 4 Statement of Change in Beneficial Ownership of Securities with the US Securities and Exchange Commission for the acquisition of 1,906,525 shares of the company's common stock at a price of USD0.004. The acquisition brings the total number of common shares that the chairman owns to 2,795,110. A Separately, the company's wholly owned Deer Trail Mining Company subsidiary has explored different leaching technologies for the recovery of gold and silver from Unico's recently produced concentrates at the Deer Trail mill facility. Reportedly, 91% of the gold and 88% of the silver contained in the concentrate may be extractable within the first two hours of agitated leaching. The procedure was conducted by fire assay and yielded 0.43 oz/ton gold (Au) and 71 oz/ton silver (Ag). A The company recently reported the presence of tellurium, an extremely rare element which is used in a variety of applications, at the Deer Trail Mine.

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