Sorting by

×

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.

Press Release Link

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.