Progreen Properties (PGEI) 0.0058 $PGEI
Outstanding Debt Conversion Now Completed
Marketwired - Thu Mar 31, 6:30AM CDT
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.
ProGreen Completes Acquisition of American Residential Gap LLC
Marketwired - Mon Mar 14, 6:30AM CDT
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.
Contemporary Research on Price Data -- New Reports on ProGreen Properties, Cannabix Technologies, Atos and Asahi Glass
ACCESSWIRE - Thu Mar 10, 9:15AM CST
NEW YORK, NY / ACCESSWIRE / March 10, 2016 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: ProGreen Properties Inc. (OTC: PGEI), Cannabix Technologies Inc. (OTC: BLOZF), Atos SE (OTC: AEXAY) and Asahi Glass Co. Ltd. (OTC: ASGLY). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
ProGreen Moves Closer to Execution of Property Deal In Mexico
Marketwired - Tue Jan 05, 6:00AM CST
PROGREEN PROPERTIES, INC. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the discussions for a joint venture with a Mexican land owner in Baja California, as announced on October 28, 2015, have progressed very positively and we expect to complete the acquisition of a first tract of land (approx. 300 acres), before February 15, 2016. This first piece of land is intended to be divided into parcels for agriculture use. Once the infrastructure has been completed and the land has been prepared for active farming, the parcels will be leased or sold as prime farmland to local or foreign growers of produce, destined for the US market.
ProGreen Signs Letter of Intent With AMREFA
Marketwired - Tue Dec 29, 6:00AM CST
PROGREEN PROPERTIES, INC (PROGREEN) (OTC PINK: PGEI) is pleased to announce that a letter of intent has been signed with AMERICAN RESIDENTIAL FASTIGHETER AB (AMREFA) (Sweden), for the acquisition of 100% of their US subsidiary, AMERICAN RESIDENTIAL GAP LLC (ARG). This will result in PROGREEN taking over 13 rental properties as well as a large property that has been completely rebuilt and is now ready to be sold on the open market. All properties are located in Oakland County, Michigan. Net value of the properties after debt is estimated at $1.1 M. Following all required approvals from AMREFA stockholders, we expect to complete this transaction in late January 2016.
ProGreen in Discussions for Large Property Deal in Mexico
Marketwired - Wed Oct 28, 7:01AM CDT
ProGreen Properties, Inc. (ProGreen) (OTC PINK: PGEI) is pleased to announce that advanced discussions for a joint venture and/or purchase agreement for several thousand acres in Baja California, are presently under way with the Mexican land owner. The proposed first phase of 1,000 acres, designated for agriculture use, would be developed to generate a planned long term income stream for ProGreen. Further phases would contain resort, residential and commercial real estate properties, including 80 acres of beach front land, primarily aimed at the US retirement and vacation market.
ProGreen Signs New Agreements With AMREFA
Marketwired - Tue Aug 11, 6:00AM CDT
ProGreen Properties, Inc. (PROGREEN), (OTCQB: PGEI), is pleased to announce that the discussions with American Residential Fastigheter AB (AMREFA), as mentioned in previous press releases, have resulted in that several new agreements now have been signed, including a new joint venture addendum to the earlier investment agreement between the parties signed in July 2013. The agreement outlines further the investment strategies between the companies, with AMREFA funding all transactions and PROGREEN executing the work. Resulting profits are to be split equally between the companies.
ProGreen Receives Further Funding From its Principal Shareholder
eTeligis - Mon Jul 20, 7:00AM CDT
BIRMINGHAM, MI, United States, via ETELIGIS INC., 07/20/2015 - - ProGreen Properties, Inc. (PROGREEN) (OTCQB: PGEI), is pleased to announce that its major shareholder, EIG Venture Capital Ltd., has completed a further funding round into PROGREEN and completed its obligations under its October 2009 subscription agreement entered into with the Company. EIG is now also implementing conversions of some of its debt to its European investors, into PROGREEN Restricted Stock, held by EIG, at the conversion rate of $0.20/share. This will further spread the shareholder base and increase the company's stock market liquidity, as well as likely help to build volume and value in the market.
ProGreen Moves Closer To Swedish Solar Technology For Residential Homes
GlobeNewswire - Mon Apr 20, 3:21PM CDT
via PRWEB - ProGreen Properties, Inc. ("ProGreen"
, (OTCQB-PGEI), announced in February 2011 that the company had signed a letter of intent with the Swedish company SolTech Energy Sweden AB ("Soltech" relating to its proprietary and intelligent solar energy system.
ProGreen Properties Provides Update on Joint Venture with American Residential
BusinessWire - Tue Mar 31, 5:22PM CDT
ProGreen Properties, Inc. (PROGREEN) (OTCQB-PGEI), announced in a press release on December 17, that the company was entering into a joint venture with American Residential Gap LLC (ARG), a real estate investment company in Sweden. This resulted in the formation of PAJV LLC (PAJV) in late December. The JV is based on ARG providing 100% of all funding in real estate projects performed by PAJV, with PROGREEN handling everything from acquisition to sale. Realized profits from the individual projects are then split 50/50 between the two parties.
ProGreen Enters Joint Venture Agreement with American Residential Gap LLC
ACCESSWIRE - Wed Dec 17, 7:15AM CST
Birmingham, MI / ACCESSWIRE / December 17, 2014 / ProGreen Properties, Inc. (ProGreen) (OTCQB: PGEI), has agreed on a joint venture with American Residential Gap LLC (ARG), a wholly owned subsidiary of American Residential Fastigheter AB (AMREFA) in Sweden, with which ProGreen has existing property financing arrangements. As per the agreement, ARG and ProGreen will jointly acquire primarily distressed residential properties in Michigan, with ARG providing 100% of the funding. Properties to be acquired will be, SFRs suitable to be converted into be rental homes, SFRs to be refurbished, upgraded and sold, and land for construction of New Homes.
Outstanding Debt Conversion Now Completed
Marketwired - Thu Mar 31, 6:30AM CDT
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.
ProGreen Completes Acquisition of American Residential Gap LLC
Marketwired - Mon Mar 14, 6:30AM CDT
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.
Contemporary Research on Price Data -- New Reports on ProGreen Properties, Cannabix Technologies, Atos and Asahi Glass
ACCESSWIRE - Thu Mar 10, 9:15AM CST
NEW YORK, NY / ACCESSWIRE / March 10, 2016 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: ProGreen Properties Inc. (OTC: PGEI), Cannabix Technologies Inc. (OTC: BLOZF), Atos SE (OTC: AEXAY) and Asahi Glass Co. Ltd. (OTC: ASGLY). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
ProGreen Moves Closer to Execution of Property Deal In Mexico
Marketwired - Tue Jan 05, 6:00AM CST
PROGREEN PROPERTIES, INC. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that the discussions for a joint venture with a Mexican land owner in Baja California, as announced on October 28, 2015, have progressed very positively and we expect to complete the acquisition of a first tract of land (approx. 300 acres), before February 15, 2016. This first piece of land is intended to be divided into parcels for agriculture use. Once the infrastructure has been completed and the land has been prepared for active farming, the parcels will be leased or sold as prime farmland to local or foreign growers of produce, destined for the US market.
ProGreen Signs Letter of Intent With AMREFA
Marketwired - Tue Dec 29, 6:00AM CST
PROGREEN PROPERTIES, INC (PROGREEN) (OTC PINK: PGEI) is pleased to announce that a letter of intent has been signed with AMERICAN RESIDENTIAL FASTIGHETER AB (AMREFA) (Sweden), for the acquisition of 100% of their US subsidiary, AMERICAN RESIDENTIAL GAP LLC (ARG). This will result in PROGREEN taking over 13 rental properties as well as a large property that has been completely rebuilt and is now ready to be sold on the open market. All properties are located in Oakland County, Michigan. Net value of the properties after debt is estimated at $1.1 M. Following all required approvals from AMREFA stockholders, we expect to complete this transaction in late January 2016.
ProGreen in Discussions for Large Property Deal in Mexico
Marketwired - Wed Oct 28, 7:01AM CDT
ProGreen Properties, Inc. (ProGreen) (OTC PINK: PGEI) is pleased to announce that advanced discussions for a joint venture and/or purchase agreement for several thousand acres in Baja California, are presently under way with the Mexican land owner. The proposed first phase of 1,000 acres, designated for agriculture use, would be developed to generate a planned long term income stream for ProGreen. Further phases would contain resort, residential and commercial real estate properties, including 80 acres of beach front land, primarily aimed at the US retirement and vacation market.
ProGreen Signs New Agreements With AMREFA
Marketwired - Tue Aug 11, 6:00AM CDT
ProGreen Properties, Inc. (PROGREEN), (OTCQB: PGEI), is pleased to announce that the discussions with American Residential Fastigheter AB (AMREFA), as mentioned in previous press releases, have resulted in that several new agreements now have been signed, including a new joint venture addendum to the earlier investment agreement between the parties signed in July 2013. The agreement outlines further the investment strategies between the companies, with AMREFA funding all transactions and PROGREEN executing the work. Resulting profits are to be split equally between the companies.
ProGreen Receives Further Funding From its Principal Shareholder
eTeligis - Mon Jul 20, 7:00AM CDT
BIRMINGHAM, MI, United States, via ETELIGIS INC., 07/20/2015 - - ProGreen Properties, Inc. (PROGREEN) (OTCQB: PGEI), is pleased to announce that its major shareholder, EIG Venture Capital Ltd., has completed a further funding round into PROGREEN and completed its obligations under its October 2009 subscription agreement entered into with the Company. EIG is now also implementing conversions of some of its debt to its European investors, into PROGREEN Restricted Stock, held by EIG, at the conversion rate of $0.20/share. This will further spread the shareholder base and increase the company's stock market liquidity, as well as likely help to build volume and value in the market.
ProGreen Moves Closer To Swedish Solar Technology For Residential Homes
GlobeNewswire - Mon Apr 20, 3:21PM CDT
via PRWEB - ProGreen Properties, Inc. ("ProGreen"
, (OTCQB-PGEI), announced in February 2011 that the company had signed a letter of intent with the Swedish company SolTech Energy Sweden AB ("Soltech" relating to its proprietary and intelligent solar energy system. ProGreen Properties Provides Update on Joint Venture with American Residential
BusinessWire - Tue Mar 31, 5:22PM CDT
ProGreen Properties, Inc. (PROGREEN) (OTCQB-PGEI), announced in a press release on December 17, that the company was entering into a joint venture with American Residential Gap LLC (ARG), a real estate investment company in Sweden. This resulted in the formation of PAJV LLC (PAJV) in late December. The JV is based on ARG providing 100% of all funding in real estate projects performed by PAJV, with PROGREEN handling everything from acquisition to sale. Realized profits from the individual projects are then split 50/50 between the two parties.
ProGreen Enters Joint Venture Agreement with American Residential Gap LLC
ACCESSWIRE - Wed Dec 17, 7:15AM CST
Birmingham, MI / ACCESSWIRE / December 17, 2014 / ProGreen Properties, Inc. (ProGreen) (OTCQB: PGEI), has agreed on a joint venture with American Residential Gap LLC (ARG), a wholly owned subsidiary of American Residential Fastigheter AB (AMREFA) in Sweden, with which ProGreen has existing property financing arrangements. As per the agreement, ARG and ProGreen will jointly acquire primarily distressed residential properties in Michigan, with ARG providing 100% of the funding. Properties to be acquired will be, SFRs suitable to be converted into be rental homes, SFRs to be refurbished, upgraded and sold, and land for construction of New Homes.
