SOURCE: ProGreen US, Inc.

ProGreen US, Inc.

December 07, 2016 10:00 ET

ProGreen Reduces Authorized Shares of Common Stock

BLOOMFIELD, MI--(Marketwired - Dec 7, 2016) - ProGreen US, Inc., (OTCQB: PGUS) www.ProGreenUS.com, is pleased to announce that, following mailing a Definitive Information Statement to our stockholders about amendments to our Certificate of Incorporation to decrease the authorized shares of common stock from 1,500,000,000 to 950,000,000, on December 6, 2016, we filed a Certificate of Amendment to our Certificate of Incorporation in Delaware to this effect.

PROREEN US, INC. (PROGREEN) (OTCQB: PGUS), www.Progreenus.com, 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 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.

Contact Information