BLOOMFIELD HILLS, MI--(NewMediaWire - Mar 16, 2017) -
ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @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 transfer of deed for
the 5,000-acre oceanfront property to Procon has now been
completed. The acquisition was first announced in a press release
on February 2, 2017.
The property is for a large Residential/Resort community, for
which a master plan is already being worked on. For further details
see www.ProGreenUS.com.
The land was acquired at an extremely low price, with very
favorable terms. This was made possible through our joint venture
with Contel which, as a partner in Procon, will also benefit from
future profits in the development. Without this strategic
relationship, the acquisition would simply never have been
possible.
The terms of the acquisition of the 5,000 acres of Pacific Ocean
front land, are as follows:
Purchase price: $500,000
Payment terms - no interest
$20,000 ---- down payment
$30,000 ---- with execution of deed
$50,000 ---- 12/15/2017
$100,000 -- 12/15/2018
$100,000 -- 12/15/2019
$100,000 -- 12/15/2020
$100,000 -- 12/15/2021
The title has now been signed over in a public Deed, under the
authority of a "Notario Público" (Public Notary) for entry into the
Official Property Registry. A Public Notary, in Mexico, is a
government-employed official whose primary responsibility is to
manifest the legal transfer of properties from one party to
another.
Website: www.ProGreenUS.com
Follow us on social media:
https://twitter.com/ProGreenUS
https://progreenus.wordpress.com/
About ProGreen US, Inc.
PROGREEN US, INC., www.ProGreenUS.com, 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:
http://investorshangout.com/ProGreen-US-PGUS-65470/
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.