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PGUS DD .0171 x .0175
AS-950m
OS-349m
Restricted-103m
Float-227m
Ceo Owns 21 million
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
http://www.newmediawire.com/news/5-million-equity-line-declared-effective-4492314
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
http://www.newmediawire.com/news/progreen-uplists-to-otcqb-3949855
http://www.newmediawire.com/news/progreen-properties-inc-open-letter-to-shareholders-3671681
http://www.newmediawire.com/news/progreen-properties-inc-:-completion-of-300-000-funding-3584893
http://www.newmediawire.com/news/outstanding-debt-conversion-now-completed-3296612
PGUS DD .017 x .0173
AS-950m
OS-349m
Restricted-103m
Float-227m
Ceo Owns 21 million
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
http://www.newmediawire.com/news/5-million-equity-line-declared-effective-4492314
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
http://www.newmediawire.com/news/progreen-uplists-to-otcqb-3949855
http://www.newmediawire.com/news/progreen-properties-inc-open-letter-to-shareholders-3671681
http://www.newmediawire.com/news/progreen-properties-inc-:-completion-of-300-000-funding-3584893
http://www.newmediawire.com/news/outstanding-debt-conversion-now-completed-3296612
PGUS taking shape
.017 x .0173
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
http://www.newmediawire.com/news/5-million-equity-line-declared-effective-4492314
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
http://www.newmediawire.com/news/progreen-uplists-to-otcqb-3949855
http://www.newmediawire.com/news/progreen-properties-inc-open-letter-to-shareholders-3671681
http://www.newmediawire.com/news/progreen-properties-inc-:-completion-of-300-000-funding-3584893
http://www.newmediawire.com/news/outstanding-debt-conversion-now-completed-3296612
PGUS DD .017 x .0173
AS-950m
OS-349m
Restricted-103m
Float-227m
Ceo Owns 21 million
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
http://www.newmediawire.com/news/5-million-equity-line-declared-effective-4492314
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
http://www.newmediawire.com/news/progreen-uplists-to-otcqb-3949855
http://www.newmediawire.com/news/progreen-properties-inc-open-letter-to-shareholders-3671681
http://www.newmediawire.com/news/progreen-properties-inc-:-completion-of-300-000-funding-3584893
http://www.newmediawire.com/news/outstanding-debt-conversion-now-completed-3296612
Hard to convince solid longs to sell cheap when we KNOW WHAT WE OWN... But to each their own, Jan has delivered on everything he said he would so no worries here as Jan continues to buy up the float and make the SOLID PROGRESS he continues to make in HEADLINES....
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
http://www.newmediawire.com/news/5-million-equity-line-declared-effective-4492314
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
http://www.newmediawire.com/news/progreen-uplists-to-otcqb-3949855
http://www.newmediawire.com/news/progreen-properties-inc-open-letter-to-shareholders-3671681
http://www.newmediawire.com/news/progreen-properties-inc-:-completion-of-300-000-funding-3584893
http://www.newmediawire.com/news/outstanding-debt-conversion-now-completed-3296612
That should be a good start!!!!!!!!!!!
PGUS
Great things happening here just look at the last couple weeks...
Not to mention the Uplist to QB reduction in AS and 5 Million dollar line of Credit.... More Contracts to come on the produce operation with a ton more land for farming
CEO owns 21.1 million shares with 1.2 million bought last week.
Jan23 Contel Signs Million Dollar Produce Agreement
http://www.marketwired.com/press-release/contel-signs-million-dollar-produce-agreement-otcqb-pgus-2190116.htm
Feb02 ProGreen's Subsidiary Acquires 5,100 Acres Oceanfront Land
http://www.marketwatch.com/story/progreens-subsidiary-procon-acquires-5100-acres-of-ocean-front-land-in-baja-2017-02-02
PGUS
Authorized Shares-950m
Outstanding Shares-349m
Restricted Shares-103m
Free Float-227m
CEO owns 21.1 million shares with 1.2 million bought last week.
Jan23 Contel Signs Million Dollar Produce Agreement
http://www.marketwired.com/press-release/contel-signs-million-dollar-produce-agreement-otcqb-pgus-2190116.htm
Feb02 ProGreen's Subsidiary Acquires 5,100 Acres Oceanfront Land
http://www.marketwatch.com/story/progreens-subsidiary-procon-acquires-5100-acres-of-ocean-front-land-in-baja-2017-02-02
Yep, looks better every time CEO Leads By Example! PGUS
Back to Baja Blog Update 2-5-17
I am leaving for Baja today and looking forward to another busy week. As part of the agenda, I will visit the packing plant of the buyer in Ensenada with whom Contel has the produce agreement, and will also travel down to El Rosario to view the progress of the agriculture work.
Another objective for the week is to continue building the management team in Baja. Further, we will be looking into offices in Ensenada, suitable as a center for all of our business activities, including for a permanent exhibition of the oceanfront development, as part of future marketing efforts.
We are very pleased with the response we’ve had from our recent news on Contel’s produce agreement and Procon’s acquisition of the oceanfront land. Already, we have received many calls and emails from people showing interest in traveling to Baja to view the projects, first-hand.
Check back here for further business updates, and follow us on Twitter for alerts @ProGreenUS
We also know that the produce agreement was a MILLION dollar contract on 2/3 of the first tract of land, plenty more land in our control to get more contracts with, for the growing operation.....
We also know that a partnership with Soltech for Solar in Baja has always been a hot iron in the fire, getting in while the SP is low is how investments work.....
Great things going on here glad to be a part of it....
PGUS
Agreed, I don't think any longs thought this would be a finished project any time soon.....
Get the Master plan together while adding the land as an asset on the balance sheet and continue to watch the SP appreciate....
That is why this is so undervalued, getting in on the ground floor is key....
PGUS Generational Wealth
Guilty, there is a lot of information there, just trying to help out new investors in their ability to see all the great things this company has going for them..
From Jan buying up the float up listing to the QB all the way to the Million dollar contracts, and Ocean Front Development.
PGUS is the Diamond in the Rough
PGUS
$90,000 X 2310 acres = $207,900,000 for lots alone
Amazing-CEO just keeps delivering!!
- Valuations ranging from 0.12 to 0.31 (pps) in recent posts by DD-contributing board members. All valuations consider only ~1/3 of land currently under control for agricultural use. No value assigned to remaining 2/3 of this land which will likely contribute much more value at some point in the future.
- PLUS: cases shown in contributed DD for current and pending projects potentially leading to a $1 PPS valuation in the foreseeable future - possibly even within this calendar year. Additionally, blue sky potential for $2 PPS valuation if Contel (JV partner) growing operation is able to scale up rapidly enough to utilize up to 3,000-4,000 acres of additional land within 3 years.
Upcoming events and status of recent business activities!!
ProGreen's Subsidiary Procon Acquires 5,100 Acres of Ocean Front Land in Baja
ProGreenUS is pleased to announce that our subsidiary, Procon Baja JV (Procon), has entered into a definitive purchase agreement for an ocean front tract of land situated near the town of El Rosario in Baja California. The land gently slopes towards the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
The land area is 233 ha (580 acres) larger than what was initially communicated on the company's website on December 21, 2016, as the land has been extended with a further 1.1 km (0.7 miles) oceanfront that initially was not included.
The architects will start working on a master plan, as soon as the land survey, currently in progress, has been completed, and an up to date plan of the land has been drawn.
We are presently in the process of building the management team for this development. Details on the members of this team will be published during the month of February. We will also initiate discussions with development partners once the initial development plans have been completed.
During February, we will also be launching a development website, where the public will be able to follow the progress of this planned community, from the very start.
"This real estate project will transform the future of ProGreen's involvement in Baja California. Having been a property developer for most of my life, I want to express that this development is the most exciting project that I have ever been involved with," said Jan Telander, President and CEO.
$5 Million Equity Line Declared Effective
(February 1, 2017)-The registration statement for the Equity Line financing with Tangiers, as announced on June 28, 2016, was declared effective today by the Securities & Exchange Commission (SEC). The Company has the option as to whether to use this financing, which would only be accessed when favorable for the Company and its stockholders.
Company Tweet:The company has no intention to draw on the Equity Line at levels anywhere near the present share price.
Contel Signs Million Dollar Produce Agreement
ProGreenUS, is pleased to announce that the company's JV partner in Baja California, Mexico, Inmobiliaria Contel (CONTEL), signed an agreement with a major exporter of produce to the US. CONTEL will be growing red chilies on a 40 ha (100 acres) portion of the of the farmable 60 ha (150 acres) of the first tract of land under the JV with PROGREEN that was reported on previously. The buyer has committed $48,000 as up-front payment to secure the agreement.
The farming under this agreement, which is priced in US dollars, is estimated to yield 3,000-3,600 tons of produce with a value of $1.1 - 1.3 million and an estimated net margin of 55-60%. The JV agreement provides for 50/50 split of profits between PROGREEN and CONTEL. However, PROGREEN will first recover all of its investment in the operation prior to profits being distributed.
The produce will be harvested in 2-3 cuts, with the first expected for late June, and delivery will be to the buyer's packing plant in Ensenada, B.C.
CONTEL has intentionally chosen to limit this agreement to 40 ha giving the option to diversify production. The buyer has however announced serious interest in increasing the scope of future agreements for production of chilies to 100 ha (250 acres), to be able to meet demand.
"This is a big first step for CONTEL and PROGREEN under the JV partnership, as it solidifies an agreement with a major player as a first buyer. It also shows, in real terms, the enormous financial advantage, growing produce has to leasing the land, which would have resulted in an income of some $120,000/year for the whole land," says Jan Telander, President and CEO.
ProGreen Gets Further Funding From the CEO
BLOOMFIELD HILLS, MI--(Marketwired - Nov 22, 2016) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.progreenus.com, has signed a 5% Promissory Note with the company's CEO, Jan Telander, for a credit line of up to $250,000. The Note is non-convertible and will be repaid within one year. As further incentive, up to 2,500,000 warrants with an exercise price of $0.05, will be issued as advances under the credit line are made.
This credit line provides a most favorable financing arrangement for ProGreen as we continue to execute our business plan, and until a later time that we would see it as an appropriate point to draw from the equity line financing under review by the SEC (see our current report on Form 8-K filing, June 27, 2016).
"My confidence in our business plan and strategy, and my commitment to the success of ProGreen, are my reasons for personally securing this bridge financing," says Jan Telander, President & CEO.
2Q 10-Q filed 12/20 - Clean balance sheet: slight increase in assets and profound decrease in liabilities; assets reflect sales of Michigan properties, Baja investment receivables; verified: share structure, assets, debt elimination! Good showing for new OTCQB investors.
1st Baja land tract
Contel has now established a channel to the US market that allows them to grow fresh produce directly for US importers. Leasing land for agricultural use can be very lucrative, but growing produce on the land offers significantly higher returns. We did not expect Contel to gain access to this point of operations so soon; however, this opportunity has been presented by 2 buyers with immediate demand.
Due to a new opportunity
Contel is preparing operations for January seeding on the farmable 150-acre portion of the first tract of land, and the first harvest is expected for May/June 2017. Initially, a generator will provide the power needed for direct irrigation. Solar power will later replace the generator, and drip irrigation will be connected to a gravity reservoir, making the farm totally “green.” This will be the Flagship property in Baja with an abundance of water, and Solar powered water pumps making it completely green.
ProGreen controls an abundance of land with the options to increase the growing operation, leasing land, partnering with other growers, etc.
Leases $800-$1200 per acre per year
Growing on the land $3000-$8000 per acre per cycle varies by type of produce
This development is a great step forward, creating new and varied opportunities to accelerate growth.
Company blog updates
Oceanfront Land Purchase Details
02/03/17ProGreen and our JV partner, Contel, through our subsidiary Procon Baja JV (51% ProGreen US, 49% Contel) have acquired the oceanfront property as described in the 8K filing and yesterday’s press release. We have a binding, legal purchase agreement, and we now own the oceanfront land. A detailed plan of the property is being drawn at the present, which will be a part of the public deeds, to be signed within 60 days of the agreement, which is when the property will become registered in the public property registry in the name of Procon. Details of the purchase will be released thereafter.
We expect that this process should be completed by early March, but it may progress much faster. I must say that, due to the relationships that the company has developed and the resources that we’ve gained access to over the past year, our dealings in Baja have gone surprisingly smooth and generally faster than I originally expected.
01/15/2017 As mentioned earlier, the meeting with the Architect in Portland last week went very well and it is safe to say that they are almost as excited now as we are about this project. They are putting a team together including outside architects, in order to evaluate the best approach to the task of creating a Master plan for a project of this size.
The moment when we will be able to sign the definitive purchase agreement, is getting nearer as the DD is progressing better than anticipated. Early meeting already set for 01/16/2017 Monday morning, in order to go through the details that will form the basis for the documentation.
01/05/2017 We have extended the proposed land acquisition to now include approximately 4.0 M of ocean front (6,5 KM), compared to earlier announced 2.4 M.With our due diligence progressing faster than expected, we feel confident that we will be able to execute a purchase agreement this month, sooner than originally anticipated.
We are in the process of selecting a suitable US architect with whom to start working on the initial master plan.
12/21/2016 We are proud to report that we have now agreed on the general terms for the acquisition of the 4,550 acre tract spanning over 2.4 miles of ocean front land with the owner. The due diligence process will now begin which will require some investigation.
12/19/2016 We are in advanced discussions for the potential acquisition of about 4,500 acres of oceanfront land; the intention is to develop a master plan and bring investors and developers into individual real estate projects.
Recent update 9/11/16: Ensenada research shows new opportunities look good... stay tuned for possible residential real estate investments/projects in Ensenada area much sooner than originally planned.
Supply vs Demand - PGUS is still greatly undervalued, the free float is shrinking, and the great majority of what is left is being bought and held tight.
OTCQB Listed - As of 9/15/16
Share Structure and Ownership...
- A/S = 950m - REDUCTION BY 37% as of 11-07-16
- O/S = 349M
- Restricted = 102M
- CEO = 19.8M - Recent purchases, latest Form 4 filed 10/25/16
- Free Float = 225M - REDUCED, from recent CEO purchases
- CEO & Control Shareholders assumed debt and subscribed to preferred shares to inject funds, totalling ~$1M investment in February 2016.
- CEO is accumulating shares, buying up the float, purchased over 19M shares on open market in 2016 - free float is shrinking.
- Free Float is being held tight and getting tighter: Many long investors holding strong positions, new long investors starting and building strong positions.
Funding Growth & Operations…
- High quality PIPE financing to fund Baja and other projects - $5M equity line agreement: requires S-1 registration(DONE)/effect... which requires high-quality OTCQB listing status(DONE)
- Assets being monetized in Michigan
- First 300-acre land tract in Baja for growing operation
- Oceanfront land acquisition 4550 acres
Current Business & Valuation…
- PGUS is fully reporting (SEC) with audited financials
- Clean Balance Sheet! (Q2 10-Q report filed 12/20/16)
- ProGreen has gained control of large tracts of land in Baja California
- Joint Venture agreements, Contel
- Strategic business entity, ProCon with 51% majority gives ProGreen control and balance sheet assets
- Baja business agreements provide for return of all capital invested by ProGreen prior to the 50-50 distribution of profits from sales, leasing and/or land uses (e.g. growing)
- Valuations ranging from 0.12 to 0.31 in recent posts by DD-contributing board members
Long investors are looking forward to these important milestone events:
S-1 Registration filing: - DONE, S-1 FILED 8/31/16
10/26/16 Amended and reduced shares for same 5 million in financing (now based on average pps of 0.067)!!
S-1 EFFECT: when made effective, company can begin to access funding to accelerate operations: Current Baja projects plus new projects being contemplated.
S-1 EFFECTIVE:February 1, 2017,
Spoke with Jan about the 5 Million equity line and these are the responses I received
75M shares registered for total funding of $5 Million dollars, resulting in a MINIMUM average price of $0.067 -over max 36 months.
Primarily for the investment projects in Baja.
This is NOT a convertible debt instrument. With convertible note financing, issuer does not have control of timing or amount of conversion into common shares. After a convertible note becomes eligible for conversion, the holder of the note is in control of these things.
The equity line will work as a credit line with the company issuing put notices for drawdowns. The company is in control of the timing and the amount of the drawdowns, limited to maximum 10% of the market volume over the 10-day period prior to the put notice. No obligation to use the equity line, and the company can draw on the funding if/when it chooses over the 36 month period - whatever is best for the company and shareholders for building/growing the business.
They paid off the $22,000 convertible note that was issued for the legal/other fees in creating the equity line. Paid off in cash to avoid conversion to shares.
Awesome didn't catch that, wow wow wow......
Huge for ProGreen and Jan just keeps delivering....
PGUS= Generational Wealth glad I Opened A IRA to add this too as well great retirement plan.....
(4.7 miles) of ocean front for the total land.
Huge compared to the 2.4 miles it started with.......
Will be totally “green”
Could this mean Soltech Partnership?
PGUS
PGUS NEW TWEET
Elaboration on the Ocean Front Land, see update on the blog, www.ProGreenUS.com
Elaboration on the Oceanfront Land
Location of Oceanfront Land Development *
Below is an image showing the location of the oceanfront land. The link provided is for a Google Earth view. The main body of the land is situated from the very large mouth of the dry river bed and is in the shape of a “tophat,” as it spans the coast in this area and becomes narrower inland from the coast. The piece of land that was added most recently, prior to the purchase, extends northward along the coast, giving the total 7,5 km (4.7 miles) of ocean front for the total land.
Plan For Initial Market Introduction Offer
We have already had interest from numerous parties for having an early choice of lots in the development, even before the master plan has been completed.
We plan to select an initial small part of the land which will be the first phase of the development, to be completed with all infrastructure, i.e. water, sewage, tarmacked roads, street lighting, etc. This first phase will then serve as a reference for the rest of the development.
With this first phase, we plan to accept “reservations” for A (premium), B & C lots, for example, to early buyers to be able to make final selection of their property locations once the master plan has been completed.
The offer for these early reservations will come under the most attractive terms.
We are currently considering lot sizes from A1 ocean front line lots of 2,000 sqm (½ acre); ‘B’ & ‘C’ lots being between 1,500 sqm (? acre) and 1,350 sqm (? acre).
We hope to be able to accommodate the growing interest in early reservations already within the month of March. This is of course before we will have a master plan, and obviously before there will even be permits issued. We will be providing updates and more detailed information over the coming weeks.
Some initial ideas that will be developed further and released to describe the development:
Land plan drawing that will show the precise boundaries
Will be totally “green”
Gated community
We are looking at moving the public road that currently runs through the property (etc.)
Oceanfront Land Purchase Details
ProGreen and our JV partner, Contel, through our subsidiary Procon Baja JV (51% ProGreen US, 49% Contel) have acquired the oceanfront property as described in the 8K filing and yesterday’s press release. We have a binding, legal purchase agreement, and we now own the oceanfront land. A detailed plan of the property is being drawn at the present, which will be a part of the public deeds, to be signed within 60 days of the agreement, which is when the property will become registered in the public property registry in the name of Procon. Details of the purchase will be released thereafter.
We expect that this process should be completed by early March, but it may progress much faster. I must say that, due to the relationships that the company has developed and the resources that we’ve gained access to over the past year, our dealings in Baja have gone surprisingly smooth and generally faster than I originally expected.
* The information given within is based on our estimates as far as we know right now, as the final land map has not been completed with the corresponding coordinates.
Link to Google Earth view of the oceanfront land:
https://www.google.com/maps/@29.897285,-115.6936552,52572m/data=!3m1!1e3?hl=en
PGUS News: ProGreen's Subsidiary Procon Acquires 5,100 Acres of Ocean Front Land in Baja
BLOOMFIELD TOWNSHIP, MI--(NewMediaWire - Feb 2, 2017) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS, is pleased to announce that ProGreen's subsidiary, Procon Baja JV (Procon), has entered into a definitive purchase agreement for an ocean front tract of land situated near the town of El Rosario in Baja California. The land gently slopes towards the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
The land area is 233 ha (580 acres) larger than what was initially communicated on the company's website on December 21, 2016, as the land has been extended with a further 1.1 km (0.7 miles) oceanfront that initially was not included.
The architects will start working on a master plan, as soon as the land survey, currently in progress, has been completed, and an up to date plan of the land has been drawn.
We are presently in the process of building the management team for this development. Details on the members of this team will be published during the month of February. We will also initiate discussions with development partners once the initial development plans have been completed.
During February, we will also be launching a development website, where the public will be able to follow the progress of this planned community, from the very start.
"This real estate project will transform the future of ProGreen's involvement in Baja California. Having been a property developer for most of my life, I want to express that this development is the most exciting project that I have ever been involved with," said Jan Telander, President and CEO.
Yes it is correct....
Absolutely agreed...
Jan follows through with everything he has said he would...
Holding strong long term......
PGUS
Overall slow and steady wins the race nice day...
Nice clip a little volume through .02 and its blue sky new 52 week high breakout....
PGUS
PGUS NEWS OUT!!
ProGreen's Subsidiary Procon Acquires 5,100 Acres of Ocean Front Land in Baja
BLOOMFIELD TOWNSHIP, MI--(Marketwired - Feb 2, 2017) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS, is pleased to announce that ProGreen's subsidiary, Procon Baja JV (Procon), has entered into a definitive purchase agreement for an ocean front tract of land situated near the town of El Rosario in Baja California. The land gently slopes towards the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
The land area is 233 ha (580 acres) larger than what was initially communicated on the company's website on December 21, 2016, as the land has been extended with a further 1.1 km (0.7 miles) oceanfront that initially was not included.
The architects will start working on a master plan, as soon as the land survey, currently in progress, has been completed, and an up to date plan of the land has been drawn.
We are presently in the process of building the management team for this development. Details on the members of this team will be published during the month of February. We will also initiate discussions with development partners once the initial development plans have been completed.
During February, we will also be launching a development website, where the public will be able to follow the progress of this planned community, from the very start.
"This real estate project will transform the future of ProGreen's involvement in Baja California. Having been a property developer for most of my life, I want to express that this development is the most exciting project that I have ever been involved with," said Jan Telander, President and CEO.
First email message I ever received from Jan said things are going according to plan but "ROME WAS NOT BUILT IN DAY". Little did I know that he LITERALLY meant he was going to build PROGREENS EMPIRE IN BAJA... now hes got the land the rest will soon be in the history books PGUS generational wealth.
NEW TWEETS IS OUT!!!
The acquisition was made possible by our strategic relationship with our JV partner Contel through its relationship with the land owner
Initially we estimate some 7000 lots, 3000 hotel rooms, 3000 condos, 3 golf courses, a marina and much more for this ocean front community
Ride up today tomorrow all year 2017 gonna be great.......
Nice post I like this part.....
So the value to ProGreen will likely be much higher than the equivalent of a trailer park.
And so... your land valuation and my valuation turned to PPS of over $1 --- they are conservative.
PGUS
Huge indeed.... During February, we will also be launching a development website, where the public will be able to follow the progress of this planned community, from the very start.
February we knew it was moving faster than expected but Jan nailed it..
With our due diligence progressing faster than expected, we feel confident that we will be able to execute a purchase agreement this month, sooner than originally anticipated.
PGUS NEWS OUT
ProGreen's Subsidiary Procon Acquires 5,100 Acres of Ocean Front Land in Baja
BLOOMFIELD TOWNSHIP, MI--(Marketwired - Feb 2, 2017) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS, is pleased to announce that ProGreen's subsidiary, Procon Baja JV (Procon), has entered into a definitive purchase agreement for an ocean front tract of land situated near the town of El Rosario in Baja California. The land gently slopes towards the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
The land area is 233 ha (580 acres) larger than what was initially communicated on the company's website on December 21, 2016, as the land has been extended with a further 1.1 km (0.7 miles) oceanfront that initially was not included.
The architects will start working on a master plan, as soon as the land survey, currently in progress, has been completed, and an up to date plan of the land has been drawn.
We are presently in the process of building the management team for this development. Details on the members of this team will be published during the month of February. We will also initiate discussions with development partners once the initial development plans have been completed.
During February, we will also be launching a development website, where the public will be able to follow the progress of this planned community, from the very start.
"This real estate project will transform the future of ProGreen's involvement in Baja California. Having been a property developer for most of my life, I want to express that this development is the most exciting project that I have ever been involved with," said Jan Telander, President and CEO.
That it is..
Its actually bigger than expected......
December 21, 2016
We are proud to report that we have now agreed on the general terms for the acquisition of the 4,550 acre tract spanning over 2.4 miles of ocean front land with the owner. The due diligence process will now begin which will require some investigation
We are proud to report that we have now agreed on the general terms for the acquisition of the 4,550 acre tract spanning over 2.4 miles of ocean front land with the owner. The due diligence process will now begin which will require some investigation
The land, planned for residential real estate development, is bordering the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
PGUS HUGE NEWS!!!!!!
Item 8.01 Other Events.
On January 23, 2017, ProGreen US, Inc.’s subsidiary in Baja California, Mexico, Procon Baja JV (Procon), entered into a definitive purchase agreement for, and has taken possession of, a large tract of land situated near the town of El Rosario in Baja California. The land, planned for residential real estate development, is bordering the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
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PGUS HUGE NEWS!!!
Item 8.01 Other Events.
On January 23, 2017, ProGreen US, Inc.’s subsidiary in Baja California, Mexico, Procon Baja JV (Procon), entered into a definitive purchase agreement for, and has taken possession of, a large tract of land situated near the town of El Rosario in Baja California. The land, planned for residential real estate development, is bordering the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
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I will buy one PGUS here we go!!!!!!
THATS GOT TO BE ATLEAST 10 MILLION WORTH OF ASSETS COMING ON THE BOOKS WOW!!! WAY TO GO JAN!!!!! PGUS
ABSOULETLY BEATUIFUL 8K WE KNOW OWN OCEACFRONT PROPERTY BOOMTIME!!!!!!!!!!!!!PGUS