Keweenaw Land Association enters into Definitive Agreement for Sale of Timber Assets
Retrieved on:
Tuesday, November 23, 2021
ACT, KEWL, AT, Company, Mission statement, Partial, SALE, RESULTS, GLOBE, Plan, FUTURE, AS, Securities Exchange Act of 1934, Time, CASH, Internal Revenue Code section 409A, OTC, Cornwall Capital, Internal Revenue Code, Sale, COMMON, AND, Person, UPDATE, Adoption, PCAOB, OTC Markets Group, AICPA, THE, Security (finance), Bank
IRONWOOD, Mich., Nov. 23, 2021 (GLOBE NEWSWIRE) -- Keweenaw Land Association, Limited (OTC US: KEWL) today announced it has entered into a definitive agreement to sell its timber assets to an entity managed by a non-affiliated large institutional timberland investment manager in an all cash transaction.
Key Points:
- IRONWOOD, Mich., Nov. 23, 2021 (GLOBE NEWSWIRE) -- Keweenaw Land Association, Limited (OTC US: KEWL) today announced it has entered into a definitive agreement to sell its timber assets to an entity managed by a non-affiliated large institutional timberland investment manager in an all cash transaction.
- The company also announced that its board of directors approved a plan of partial liquidation in connection with the sale (Plan of Partial Liquidation or Plan).
- About Keweenaw Land Association, Limited: Keweenaw is a forest products and land management company located in Ironwood, Michigan.
- THE FORWARD-LOOKING STATEMENTS INCLUDED IN THIS PRESS RELEASE ARE MADE ONLY AS OF THE DATE OF THIS PRESS RELEASE.