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BLOOMFIELD TOWNSHIP, MI–(Marketwired – Jun 14, 2016) – ProGreen Properties, Inc. (ProGreen), (OTC PINK: PGEI), is pleased to confirm that the total amount of $300,000, as per the subscription agreements signed in February 2016 with Jan Telander, CEO of the Company, Ulf Telander, CEO of EIG Venture Capital Ltd., the major shareholder of the Company and Frederic Telander, CEO of Soltech Energy Sweden AB, has now been received by the Company. An 8-K was filed yesterday to report completion of this financing.

“The completion of this funding, by individuals close to the company, clearly demonstrates the confidence and belief in the future of ProGreen,” says Jan Telander, President & CEO of ProGreen.

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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.