Vancouver: Sept. 21’s special shareholder meeting will ask investors of Vancouver’s International Keystone Entertainment – producer of family features Air Bud i and ii – to approve a share consolidation, an acquisition and a nominee to the board.

The company wants to swap one new common share of the Montreal Stock Exchange-listed company for five old common shares, which will reduce the number of outstanding shares to 4.8 million. At current share prices, the new consolidated shares will be worth about $0.40 to $0.45.

On Aug. 17, Keystone also announced a private placement worth $650,000 to be used for ‘short-term financing in order to maintain operations and proceed with planned development of films.’

Another transaction under consideration by investors is the acquisition by Keystone of Western Post-Production, which claims to be the only post company in Vancouver to offer the combined services of film cutting, sound cutting and mixing for feature films under one roof.

Western Post – independently valued at $550,000 – is already owned by Keystone’s management team of president Michael Strange, ceo Robert Vince and staffer William Vince.

Also up for approval is the nomination of John Miller as the ninth member of Keystone’s board of directors. Miller is a New York City-based corporate financier.