PROGREEN US, INC. (OTCMKTS:PGUS) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
The Company has signed a subscription agreement dated March 20, 2019 with a private investor, to which the investor subscribed for the shares to be issued on conversion of the investor’s $50,500 investment in the Company in March 2019, at a conversion price of $0.0033 per share. This $50,500 investment is the same investment as the $50,000 advance referred to in Note 12 to the Company’s unaudited financial statements included in the Company’s quarterly report on Form 10-Q, filed March 25, 2019.
About PROGREEN US, INC. (OTCMKTS:PGUS)
ProGreen US, Inc. (ProGreen), formerly ProGreen Properties, Inc., owns and manages residential real estate rental property in the Oakland County, Michigan area. The Company is engaged in acquiring, refurbishing and upgrading residential real estate. The Company purchases residential real estate apartment homes, condominiums and houses in the State of Michigan. The Company is focusing its investments and interest in agricultural land in Baja California, Mexico. The Company’s investment properties are marketed by ProGreen Realty LLC, a subsidiary of ProGreen and managed by its subsidiary, Progreen Properties Management LLC. In addition, the Company’s subsidiary, ProGreen Construction LLC, performs various construction and development services for properties, which are held and under development. As of April 30, 2016, the Company owned 14 properties.