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ProGreen Pays off Convertible Note in Cash






BLOOMFIELD TOWNSHIP, MI — (Marketwired) — 03/17/17 — ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), , @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon).

ProGreen is pleased to announce that the Hoppel convertible note from September has been paid off in cash.

“This follows our strategy to avoid any dilution of the stock from conversion,” says Jan Telander, CEO & President.

PROGREEN US, INC., , based in Bloomfield, Michigan, is engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) as well as through its majority-owned Mexican subsidiary Procon Baja JV (Procon). Contel is now active in the high margin produce industry, growing crops for exporters to the U.S. market, with an abundance of land available for expansion under our JV partnership. Procon has recently acquired 5,100 acres of land with 4.7 miles of oceanfront on the Bay of El Rosario, for which a master plan is being drawn for the development of a very large, totally green, international vacation and retirement community called “Cielo Mar”.

Independent Stock Message Forum:

This press release might contain information, which may constitute –forward-looking statements– within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. –Forward-looking statements– are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.

ProGreen US, Inc.
Jan Telander
President and CEO

Phone: 1 (248) 805-3652

Short URL: https://www.88finance.com/?p=530899





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