ProGreen US Inc. (fka PGUS)

[Davis_Elite]

We have had very nice updates the last few days/weeks to the tune of 20 Million dollars conventional lending, 5 million dollars bridge funding, working our way to debt free, Toxic lenders investing in equity deals with the company, 2500 acres added for farming operation (and other uses), Preliminary master plan for Cielo Mar complete, and first execution phase plan almost complete.

https://www.progreenus.com/

https://twitter.com/ProGreenUS

These are huge..

ProGreen receives LOI’s for first stage of larger funding plan
by ProGreen US | May 21, 2018
SAN DIEGO, May 21, 2018 /PRNewswire/ — ProGreen US, Inc. (ProGreen) (OTCQB:PGUS), a San Diego-based company with real estate and agriculture land development projects in Baja California, Mexico, disclosed today that the company received letters of interest/intent at the end of last week from two lenders to provide bridge funding in the amounts of $3M and $5M (USD), respectively. The company will choose between the two this week, to proceed with the underwriting due diligence.

“The LOI’s are for conventional, non-convertible loan financing, that will give us the capital to take out convertible notes and other debt, as well as for speeding up both our agriculture and real estate projects,” said Jan Telander, CEO of ProGreen.
“We are now also negotiating a larger $20M long-term financing with several groups,” added Jan.

May 24, 2018
2,117,747 shares of Common Stock.
Tangiers Global, LLC
$50,000/NA

We have now received a firm commitment letter from the lender for the $5M bridge financing, referred to in the May 22 Twitter announcement regarding the Letter of Intent.

We also recently heard preliminary master plan with notice of first execution plan is nearly complete which will allow us to get approvals and permits..

Now as soon as we get approval permits the 42 Million Dollar RAW LAND VALUE of the Cielo Mar property will increase dramatically!! 200 MILLION 250 Million??

Cielo Mar Preliminary Plan and Presentation Published Today
by ProGreen US | Apr 19, 2018
SAN DIEGO, April 19, 2018 /PRNewswire/ — ProGreen US, Inc. (ProGreen) (OTCQB:PGUS), a San Diego-based company with land development projects in Baja California, Mexico, today published the Preliminary Master Plan drawing and presentation materials for Cielo Mar.
A 3D virtual tour video and drawing provide an overview of the development plan, and a slide presentation describes the general content of areas within the development

Also the pepper plants are in the ground and growing nicely and we are in the process of buying 2500 more acres with over 1000 acres being farmable and the other part used for other things and just think if we add the value 10 million dollars(on a low value)(based on half the size of Cielo Mar and not oceanfront so if its worth 25% undeveloped) to the books..

ProGreen Acquiring Additional 2,500 Acres In Baja California
by ProGreen US | May 3, 2018

SAN DIEGO, May 3, 2018 /PRNewswire/ — ProGreen US, Inc. (ProGreen) (OTCQB:PGUS), a San Diego-based company with land development projects in Baja California, Mexico, today announced that it is acquiring an additional 2,500 acre tract of land near its existing projects in Baja California.

ProGreen, through its Procon subsidiary, is in the process of acquiring a large tract of land less than a mile from the existing Arenoso farm, with the same access.

“It’s a beautiful piece of land with enormous possibilities for our projects, and within walking distance of the Arenoso farm.” said Jan Telander, CEO of ProGreen. “The first use of the land will be for expansion of the farming operations, for which we expect more than 1,000 acres to be farmable, providing for substantial growth in the coming years.”

The existing Arenoso farm is situated on the 300 acre tract that was purchased in 2016. Planting of chili peppers for the 2018 crop is now advancing well, for supply of harvested peppers to Huy Fong Foods beginning in late summer.

Other recent developments at the farm include a solar installation for powering office equipment and use by the workers’ living quarters, fixed phone and permanent internet access with wifi, as well as a fuel station currently being installed on location by Dagal, distributor for Pemex, for convenient access at the farm for all diesel-powered equipment.
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I dont know about you but I couldnt be any more excited!!