Hope? Probably not.
from yahoo: davidba1960 davidba1960 • Mar 18, 2013 3:33 PM Flag1 users liked this posts users disliked this posts 0 Reply So could UNICO shareholders get something back or will Unico come back as a public stock company?
$7+ million is good money for Deer Trail Mine. Unico still owns Silver Lake silver mine - so another sale possible?
As outlined in the agreement terms, Western Pacific has paid a deposit to Deer Trail Mining Company (DTMC), a subsidiary of Unico, Inc., of CAD$125,000, secured against the Deer Trail Mine assets. Closing is scheduled to occur on April 10, 2013 or such other date agreed to by the parties. In the event that closing has not occurred by April 10, 2013, the Company has the option to advance a second deposit to DTMC of $250,000, which will extend the closing date by an additional 45 days.
Recap of Acquisition
Western Pacific recently announced an agreement to acquire the permitted Deer Trail Mine (please refer to press releases dated February 26, 2013 and February 27, 2013) for a total of CAD$7 million over 2.5 years. The project encompasses 3,275 acres of prospective ground within 5 square miles and includes workings known as the Upper Deer Trail Mine, the Lower Deer Trail Mine, the Pluto, Carissa and Lucky Boy Mines. Less
