BLOOMFIELD, MI–(Marketwired – Feb 22, 2017) – ProGreen US, Inc. (ProGreen), (OTCQB: PGUS),, @ProGreenUS; ProGreen has signed a 5% Promissory Note with the company’s CEO, Jan Telander, for a second credit line of up to $250,000.

The Note is non-convertible and will be repaid within one year. As further incentive, up to 2,500,000 warrants with an exercise price of $0.05 will be issued as advances under the credit line are made.

“This additional credit line provides a continued favorable financing arrangement for ProGreen as we execute our business plan, with a ramp up of our activities in Baja California, until a later time that we would see it as an appropriate point to draw from the equity line financing. My confidence in our business plan and strategy, and my commitment to the success of ProGreen, are my reasons for personally expanding this bridge financing,” says Jan Telander, President & CEO.

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