Published on 6/1/2010 in the Prospect News PIPE Daily.
New Issue: ProGreen announces completion of $1 million private placement of stock
By Devika Patel
Knoxville, Tenn., June 1 - ProGreen Properties, Inc. settled a private placement of stock for $1 million on June 1, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal priced July 22.
The company sold 97,751,710 common shares at $0.01023 per share to EIG Venture Capital, Ltd.
Based in Oliver Springs, Tenn., ProGreen Properties, formerly Diversified Product Inspections, Inc., specializes in conducting investigations and laboratory analysis of a variety of products to determine the cause and origin of product failures.
| Issuer: | ProGreen Properties, Inc.
|
| Issue: | Common stock
|
| Amount: | $1 million
|
| Shares: | 97,751,710
|
| Price: | $0.01023
|
| Warrants: | No
|
| Investor: | EIG Venture Capital, Ltd
|
| Pricing date: | July 22
|
| Settlement date: | June 1
|
| Stock symbol: | OTCBB: PGEI
|
| Stock price: | $0.04 at close June 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
