ProGreen Plans to Reduce the Number of Authorized Shares
(firmenpresse) - BLOOMFIELD, MI -- (Marketwired) -- 08/16/16 -- The board of directors of ProGreen US, Inc. (ProGreen) (OTC PINK: PGUS) , has decided to file for a reduction in the number of authorized shares of common stock with 550M to 950 M. The Company will file an Information Statement with the SEC shortly to start this process. The Company does not expect any material future dilution from convertible debentures, and cannot foresee the need for as many shares as previously estimated.
About ProGreen Properties, Inc.
About ProGreen US, Inc.
PROGREEN US, INC. (PROGREEN) (OTC PINK: PGUS), based in Bloomfield, Michigan, is engaged in the business of acquiring, refurbishing and upgrading residential real estate into modern affordable homes, offered for sale with Land Contracts to buyers still unable to obtain conventional credit. The company has also recently entered into property investments in Baja California, Mexico and will be intensifying this activity, with the aim of creating a sustainable income stream for many years to come.
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.
For further Information, please contact:
Jan Telander
President and CEO
Phone: 1 (248) 805-3652
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.08.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 1452880
Anzahl Zeichen: 3637
contact information:
Contact person:
Town:
BLOOMFIELD, MI
Phone:
Kategorie:
Natural Resource Management
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 342 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ProGreen Plans to Reduce the Number of Authorized Shares
"
steht unter der journalistisch-redaktionellen Verantwortung von
ProGreen US, Inc (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
