ProGreen Gets $300,000 in Individual Capital Injection From the CEOs of EIG, Soltech and ProGreen
BLOOMFIELD HILLS, MI–(Marketwired – Feb 22, 2016) – ProGreen Properties, Inc. (ProGreen) (the Company), (OTC PINK: PGEI), is pleased to announce that the company has entered into a subscription agreement with three individuals. Frederic Telander, CEO of Soltech Energy Sweden AB, Ulf Telander, CEO of EIG Venture Capital Ltd and Jan Telander, President of the company, are each investing $100,000 in exchange for 100,000 Preferred Shares with a stated value of $1.00 per share. Amounts subscribed for will be invested by April 30, 2016, with the first $100,000 already funded.
The company is now upgrading its online image by building a new website, and is setting up its corporate communications to be disseminated through social media to be better able to inform the public about news and developments for ProGreen.
“Management is upbeat about the direction the company has taken recently and for the confidence shown from important players, through this financial injection,” says Jan Telander, CEO of ProGreen.
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