Progress on Oceanfront Land Acquisition

We are very pleased to report the following developments regarding the proposed acquisition of the ocean front land in Baja:

  • We have extended the proposed land acquisition to now include approximately 4.0 M of ocean front (6,5 KM), compared to earlier announced 2.4 M.
  • With our due diligence progressing faster than expected, we feel confident that we will be able to execute a purchase agreement this month, sooner than originally anticipated.
  • We are in the process of selecting a suitable US architect with whom to start working on the initial master plan.

With so much happening now in Baja, I think it is safe to say that ProGreen’s news flow will increase considerably going forward, compared to the past year.

Check back here for further business updates, and follow us on Twitter for alerts @ProGreenUS.

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ProGreenUS

ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon).