PGEI LAST 3 PRS Moving on up
BLOOMFIELD HILLS, MI--(Marketwired - Mar 31, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI), is pleased to announce that the company's last outstanding institutional convertible note has now been fully converted. The company is now in a much stronger financial position, as its total outstanding debt has now been REDUCED TO THE $200,000 owed to American Fastigheter AB (Amrefa), which is non-convertible, does not carry interest and will be paid off with proceeds from the sale of one of the 14 properties included in the ARG acquisition, announced earlier in the month.
BLOOMFIELD HILLS, MI--(Marketwired - Mar 14, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the acquisition of American Residential Gap LLC (ARG), a property holding company, has now been completed after an overwhelming yes vote at the shareholders meeting on March 8 of ARG's Swedish parent company, American Residential Fastigheter AB.
This has resulted in bringing all 14 properties owned by ARG onto PROGREEN's books for a total stated net asset value of $1,285,000
BLOOMFIELD HILLS, MI--(Marketwired - Feb 22, 2016) - ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the company has entered into a subscription agreement with three individuals. Frederic Telander, CEO of Soltech Energy Sweden AB, Ulf Telander, CEO of EIG Venture Capital Ltd and Jan Telander, President of the company, are each investing $100,000 in exchange for 100,000 Preferred Shares with a stated value of $1.00 per share. Amounts subscribed for will be invested by April 30, 2016, with the first $100,000 already funded.
EIG IS A NYSE STOCK 27.00+ PPS COMPANY
IT DOENST GET ANY BETTER THAN THIS IN THE OTC IMO
