SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 6, 2000
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UNICO, INCORPORATED
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(Exact name of registrant as specified in its charter)
Arizona 000-30239 86-0205130
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(State of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
6475 Grandview Avenue, P.O. Box 777, Magalia, California 95954
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(Address of principal executive offices)
(530) 873-4394
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On December 6, 2000, Unico, Incorporated ("Unico") acquired all of the issued
and outstanding shares of stock of Silver Bell Mining Company, Incorporated, a
Utah corporation, in consideration for the issuance of 3,000,000 restricted
shares of Unico common stock. This represents approximately five percent
(5.0%) of the total issued and outstanding shares of common stock of Unico.
The shares of Silver Bell Mining Company, Incorporated common stock acquired
by Unico were acquired from approximately eight shareholders. The amount of
consideration paid by Unico was negotiated on an arms' length basis between
Unico's management and the former Silver Bell Mining Company, Incorporated
shareholders. Of the 3,000,000 shares of Unico common stock issued in the
acquisition, approximately 2,300,000 shares were issued to W. Dan Proctor.
W. Dan Proctor is the President and a director of Silver Bell Mining
Company, Incorporated. Mr. Proctor also serves as a business consultant to
Unico. None of the other former Silver Bell Mining Company, Incorporated
shareholders has any material relationship with Unico or any of Unico's
affiliates, directors or officers or any of their associates.
Silver Bell Mining Company, Incorporated was incorporated in the State of
Utah on April 26, 1993. It has acquired 29 patented mining claims located in
American Fork Canyon, Utah County, Utah, which is organized into three
separate parcels. The claims contain old mining properties which have not
been mined for production at any time during approximately the last 50 years
or more. Many years ago, the properties were mined primarily for silver, lead
and zinc.
Unico intends to conduct some exploratory work on the Silver Bell Mining
Company, Incorporated properties to evaluate the possibility of conducting
mining operations on those properties. It is anticipated that the officers
and directors of Silver Bell Mining Company, Incorporated will continue
unchanged for the near future.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UNICO, INCORPORATED
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(Registrant)
Date: December 8, 2000 By: /s/ Ray C. Brown
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Ray C. Brown
Chief Executive Officer and
Principal Financial and Accounting Officer
