Keweenaw Land Association, Limited Seeks Authorization to Increase Common Shares
January 31 2011 - 12:00PM
Business Wire
The Keweenaw Land Association, Limited (KEWL) Board of Directors
will seek shareholder approval to amend the Company’s Articles of
Incorporation at this year’s Annual Meeting to raise the authorized
level of common shares to 10,000,000. Currently, under Article IV,
2,500,000 shares of common stock are authorized. This action will
provide more authorized shares for general corporate purposes and
strategic opportunities.
About Keweenaw Land Association, Limited: Keweenaw is a forest
products and land management company located in Ironwood, Michigan.
Keweenaw has land holdings of approximately 161,000 surface acres
and over 400,000 acres of mineral rights, located predominately in
the western Upper Peninsula of Michigan. Keweenaw shares trade in
the Pink Sheets with 645,445 shares outstanding. There will be
1,290,890 shares of common stock outstanding upon the effectuation
of a two-for-one forward stock split payable on February 15,
2011.
Keweenaw Land Association (PK) (USOTC:KEWL)
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