IRONWOOD, Mich.--(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.