ProGreen Properties, Inc. (PGEI.OB) Enters Into $2.5M Equity Financing Deal
ProGreen Properties, www.progreenproperties.com – the Birmingham, Michigan-based firm which focuses on acquiring residential properties and then retrofitting them for improved energy efficiency, lowered emissions and enhanced sustainability, reported that the Company entered into a $2.5M Equity Line of Credit financing deal yesterday with LeadDog Capital LLP, New York. Registration of a maximum of 10M shares to secure the financing, which will cover a period of up to 24 months, will boost PGEI’s free-float in the market, according to President and CEO, Jan Telander. According to the 8K filed yesterday, the agreement depends on the Company filing a registration statement with…