Unity GoldSilver Mines, Inc.
Progress on Unity Project
Forward Stock Split
The Option Agreement with
Ventures Ltd, (new name Bear Lake Gold Ltd BLG:TSXV as of September 2008) of Montreal, Canada, signed on July 27, 2007, provides that
(Bear Lake Gold) can earn a 60% interest in the Unity property by spending US$1.0 million in exploration and development work and by completing a positive feasibility study.
Possible Purchase for Outright Ownership
Unity is investigating the possibility of purchasing the staked 5 acre Mill Site claim from the Bureau of Land Management.
Patents on mining claims are no longer issued but small parcel sales do take place.
Ownership of this claim would allow Unity more freedom to establish permanent buildings for the mill, storage buildings, and housing.
The Unity office is still working on the preparation of the stock certificates and paperwork for the 10 for 1 stock split as previously announced. The forward stock split of 10 new shares will replace and void each one share currently held.
This forward split will reduce the Unity stock price from the present $2.00 to $.20 per share.
Unity shareholders may purchase additional stock at the new lower price.
Unity GoldSilver Mines, Inc
Unity GoldSilver Mines Newsletter Updates