Keweenaw Land Association, Limited Announces a 4,980-Acre Land Acquisition in Upper Michigan
November 27 2013 - 10:00AM
Business Wire
Keweenaw Land Association, Limited (KEWL: OTC Pink) has
announced the purchase of approximately 4,980 acres of timberland
in the western Upper Peninsula of Michigan for $5.487 million.
The property is comprised of high-quality northern hardwoods
that have been well-managed and is located in a very strong timber
market. The property also includes a significant volume of
high-quality merchantable timber, which can be harvested over the
next few years.
The acquisition is part of Keweenaw’s strategy of acquiring and
managing quality timberland properties in the Lake States Region
for long-term growth and capital appreciation. With this
acquisition, Keweenaw will own and manage over 167,000 acres in the
western Upper Peninsula of Michigan and northern Wisconsin.
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 1,294,118 shares
outstanding. For additional information, please visit the Company’s
website at www.keweenaw.com.
Keweenaw Land Association, LimitedJames J. Simmons, Jr.,
Controller/Treasurer1-906-932-3410
Keweenaw Land Association (PK) (USOTC:KEWL)
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