St Lawrence Seaway, The

(OTC: STLS)

Industry: Pharmaceuticals
On the web: n/a
Employees: n/a

St. Lawrence Seaway Corporation was an Indiana corporation, which was organized on March 31, 1959. Immediately prior to the August 31, 2007 closing of the Purchase Agreement with Bernard Zimmerman & Company, Inc., the Company reincorporated in Delaware. Prior to 1998, the Company was mainly engaged in farming, timber, harvesting and other traditional agricultural activities. In 2002, the Company became engaged in investing in drug development programs and in evaluating other alternatives to its former business, including continuing its evaluation of operating companies for acquisition, merger, reverse merger, financial transactions or investments. Pending any such transaction, the Company would continue its practice of maintaining any cash assets in relatively liquid interest/dividend bearing money market investments. Eventually such assets might be used for an acquisition or for a partial payment of an acquisition or for the commencement of a new business.