ProGreen Reduces Authorized Shares of Common Stock
December 07 2016 - 10:20AM
InvestorsHub NewsWire
BLOOMFIELD, MI--(NewMediaWire - 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.