The Proxy Statement was put in the mail today.  A copy of the entire package is attached to this e-mail.  It will be important that you all talk to the shareholders to obtain their support and their proxies.  Getting 66 2/3% of all authorized shares (2067) is sometimes a challenge.

 

With respect to Richard’s questions below, I don’t think I have all of the answers, but:

 

  1. The reforestation obligation is the responsibility of AJV.  Uganik is responsible for 1.29% of the total obligation of the AJV.  I don’t know if you can just be responsible for your own reforestation.

 

  1. Land should be free and clear.

 

  1. I don’t know the costs of the road use — I suggest that you talk with someone at AJV for those answers.

 

  1. Finally, I understand that, at the present time, Uganik owes the AJV $10,500+ as a result of the completion of the Old Harbor litigation.  They are willing to wait for the EVOS Supreme Court decision before resolving this issue with all of the AJV partners.

 

Thanks, Kathy

PROXY — DRAFT #1 (00011269) PROXY STATEMENT~DRAFT #3 (REDLINED)~5-25-08 (00011217)PROXY STMT W ALL EXHIBITS AND PROXY (00012416)