IRONWOOD, Mich., April 18, 2018 (GLOBE NEWSWIRE) -- Keweenaw Land Association, Limited (“Keweenaw” or “the
Company”) (OTC Pink:KEWL) today announced the official voting results of its 2018 Annual Meeting of Shareholders. As certified by
the independent Inspector of Elections, IVS Associates, Inc., Keweenaw shareholders have elected Cornwall Capital Management, LP’s
(“Cornwall”) nominees Ian Haft, Steve Winch and Paul Sonkin to the Company’s Board of Directors.
Brian Glodowski, President and CEO of Keweenaw, said, “As always, management remains committed to serving the best interests of
Keweenaw employees and shareholders, working closely with the board to explore the opportunities ahead.”
James Mai, Managing Member of Cornwall GP and General Partner of Cornwall Master LP, added, “Keweenaw has an excellent resource
base, a recognized leadership position as a pioneer in sustainable forestry practice and many dedicated and talented
employees. We look forward to working collaboratively with the various stakeholders at the Company to ensure that Keweenaw is
on the path to success.”
In addition to the election of Cornwall’s nominees, Keweenaw shareholders have approved the appointment of Anderson, Tackman &
Company, PLC as auditors of the Company for 2018.
About Keweenaw Land Association, Limited
Keweenaw is a forest products and land management company located in Ironwood, Michigan. Keweenaw has land holdings of
approximately 185,750 surface acres and over 400,000 acres of mineral rights, located predominantly in the western Upper Peninsula
of Michigan and northern Wisconsin. Keweenaw shares trade in the OTC Markets under the Pink directory with 1,301,550 shares
outstanding.
Statements in this document may constitute “forward-looking” statements regarding Keweenaw and its business. Forward looking
statements involve significant risks and uncertainties and are not representations as to or guarantees of future results. The
risks and uncertainties include changes in general economic conditions generally or in the timber industry, disruptions in
Keweenaw’s business, program implementation delays, cost increases, expenses relating to the REIT conversion and proxy contest,
capital needs, and other adverse factors. Actual events may cause results to differ materially from those contemplated in the
forward looking statements.
SOURCE: Keweenaw Land Association, Limited
Contact: Brian D. Glodowski, President/CEO, Keweenaw Land Association, Limited, 1-906-932-3410
