BLOOMFIELD, MI–(Marketwired – Aug 16, 2016) – ProGreen US, Inc (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS; The board of directors of ProGreen US, Inc. has decided to file for a reduction in the number of authorized shares of common stock by 550M to 950 M. The Company will file an Information Statement with the SEC shortly to start this process. The Company does not expect any material future dilution from convertible debentures, and cannot foresee the need for as many shares as previously estimated.
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