The BBNC - Fast Facts You Need to Know About this Alaska Native Corporation

ANCHORAGE, Alaska - March 24, 2014 - PRLog -- BBNC.net is the official website of the Bristol Bay Native Corporation, one of 13 regional Alaska native corporations created under the ANCSA or the Alaska Native Claims Settlement Act in December 18, 1971. The Alaska Native Claims Settlement Act to date is the largest land claims settlement that happened in the entire history of the United States.

The Alaska Native Claims Settlement Act was done accordingly to address and resolve, once and for, all the issues surrounding aboriginal land claims in Alaska. While it gave birth to a variety of issues and controversies in the past, the proud and thriving existence of these 13 Alaska native corporations is a testament that the enactment fought by native Alaskans during the 70s are all worth it.

BBNC.net is the place where information about the BBNC in terms of its corporation, its people, its land, its educational foundation, its companies and its upcoming events and news can be found. It is the best resource to learn more and to be informed about the latest with this thriving Alaska native corporation.

Fast facts worth knowing and discovering about the BBNC:

1.       The foundation of the BBNC is rooted from the 3 distinct native cultures of the Bristol Bay region. These 3 native cultures started reaching out with one another to brave challenges, language barriers and territorial disputes over Alaska. These 3 native cultures are identified as follows: Eskimo, Indian and Aleut Natives.

2.      BBNC, as a for-profit corporation, currently has approximately 8,700 Alaska native shareholders. They come from different native Alaskan descents.

3.      During its incorporation in December 1971, the BBNC enrolled a total of 5,401 Alaska native shareholders. Each of these shareholders received 100 BBNC stocks.

4.      BBNC stocks, like all stocks from Alaska native corporations, cannot be publicly traded. It is their way of preserving Alaskan riches among Alaskans. Aside from these stocks not publicly traded in the market, BBNC stocks cannot be sold legally as well.

5.      Enrollment to become a BBNC stock or shareholder has been closed since 1971. For any person living today who wish to have stocks or shares under their name, the only way they can do so is to receive it as a gift from a BBNC shareholder. It only applies to first degree family members. To give a BBNC stock or share as a gift, it has to follow several procedures.

6.      The BBNC region is 34 million acres of land. It is about the size of the state of Ohio. It is surrounded by bodies of water where sockeye salmon lives. Fishery is a primary source of income in the BBNC region.

7.      Recently, the BBNC has officially issued a statement about its stand against the Pebble Mine project, a proposed endeavor to conduct an open pit mine in Bristol Bay to excavate minerals such as gold, copper, molybdenum and other rich, non-renewable resources. The statement identifies that the BBNC will observe all appropriate options to protect Bristol Bay from all the risks the Pebble Mine project proposes primarily on its conceived effects on the its fishery.

For more fast facts and updates, please do visit BBNC’s website at http://www.bbnc.net. Their contact details are as follows: Phone 907.278.3602, toll free 800.426.3602 and fax 907.276.3924.