IRONWOOD, Mich.--(BUSINESS WIRE)--Keweenaw Land Association, Limited (KEWL: OTC Pink)
David Ayer, Chairman of the Board for Keweenaw Land Association, Limited (Keweenaw) commented today on the agreement between Highland Copper Company, Inc. (TSXV: HI) and Orvana Minerals Corp. (Orvana Press Release 2-11-2014). Mr. Ayer stated, “We welcome this development and feel it is a positive step forward for the Copperwood Project and for our shareholders. We have enjoyed working with Orvana and look forward to expanding our relationship with Highland as they build on their strategy of consolidating other projects in the region.”
Keweenaw entered into a mining lease with Orvana in 2008 for a portion of the area encompassed by the Copperwood Project. In 2012, Keweenaw entered into a mineral lease and exploration agreement with Keweenaw Copper Company, a subsidiary of Highland Copper Company for properties in the western Upper Peninsula of Michigan.
About Keweenaw Land Association, Limited: Keweenaw is a forest products and land management company located in Ironwood, Michigan. Keweenaw has land holdings of approximately 167,000 surface acres and over 400,000 acres of mineral rights, located predominantly in the western Upper Peninsula of Michigan. Keweenaw shares trade in the OTC Markets under the Pink directory with 1,295,533 shares outstanding.