September 3rd, 2010
(PGEI.OB) ProGreen Properties, Inc. Enters Into 2.5MM Equity Line Financing Deal
Posted on 30. Aug, 2010 by PublicWire
(PublicWire.com General News Release) ProGreen Properties, Inc. (”ProGreen”) (OTC Bulletin Board: PGEI), www.progreenproperties.com, yesterday entered into a $2,500,000 equity line financing deal with Leaddog Capital LLP (Leaddog), New York.
The financing is in the form of an Equity Line of Credit, extending over a period of up to 24 months. A maximum of ten million (10,000,000) shares will be registered for this financing. The financing is subject to our filing of a registration statement with the Securities and Exchange Commission for the financing, and the registration statement being declared effective by the Commission.
Full disclosure of the information relating to this Equity Line of Credit can be found in the 8K filed yesterday.
“This financing will serve a dual purpose for ProGreen, as follows:
First, it will bring cash funds into the company at a comparatively low cost and enable ProGreen to increase the ability to further ramp up the investment strategy in new acquisitions. This will give the company the ability to market a larger number of properties under the ProGreen banner at the same time, thus improving the possibilities to enhance our revenues.
Secondly, it will enable ProGreen to increase the free-float of our stock in the market place, which should gradually create more liquidity, with the company still retaining control of the number of shares to be issued, as “put” notices will be presented to Leaddog when the company finds the market demand and price level right to absorb new shares.” (Says Jan Telander, President & CEO)
(PGEI.OB) ProGreen Properties, Inc. Enters Into 2.5MM Equity Line Financing Deal
PGEI.OB, PGEI.OTCBB, OTCBB:PGEI, PGEI
Forward Looking Statements
Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate, “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the “company to be materially different from those expressed or implied by such forward-looking statements.
For all the latest in small cap news, videos, and information, visit us online at PublicWire.com, or call us, toll free, at 888-843-1412.
(PublicWire.com General News Release) ProGreen Properties, Inc. (”ProGreen”) (OTC Bulletin Board: PGEI), www.progreenproperties.com, yesterday entered into a $2,500,000 equity line financing deal with Leaddog Capital LLP (Leaddog), New York.
The financing is in the form of an Equity Line of Credit, extending over a period of up to 24 months. A maximum of ten million (10,000,000) shares will be registered for this financing. The financing is subject to our filing of a registration statement with the Securities and Exchange Commission for the financing, and the registration statement being declared effective by the Commission.
Full disclosure of the information relating to this Equity Line of Credit can be found in the 8K filed yesterday.
“This financing will serve a dual purpose for ProGreen, as follows:
First, it will bring cash funds into the company at a comparatively low cost and enable ProGreen to increase the ability to further ramp up the investment strategy in new acquisitions. This will give the company the ability to market a larger number of properties under the ProGreen banner at the same time, thus improving the possibilities to enhance our revenues.
Secondly, it will enable ProGreen to increase the free-float of our stock in the market place, which should gradually create more liquidity, with the company still retaining control of the number of shares to be issued, as “put” notices will be presented to Leaddog when the company finds the market demand and price level right to absorb new shares.” (Says Jan Telander, President & CEO)
(PGEI.OB) ProGreen Properties, Inc. Enters Into 2.5MM Equity Line Financing Deal
PGEI.OB, PGEI.OTCBB, OTCBB:PGEI, PGEI
Forward Looking Statements
Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate, “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the “company to be materially different from those expressed or implied by such forward-looking statements.
For all the latest in small cap news, videos, and information, visit us online at PublicWire.com, or call us, toll free, at 888-843-1412.
Beverage Plus (CLNP.PK) Announces Its Nascar Stock Car Sponsorships at Homestead-Miami Speedway
Posted on 23. Nov, 2009 by PublicWire in General
23 November 2009 (PublicWire) — Beverage Plus Holdings Corporation (PINKSHEETS:CLNP) and FCBBI AG jointly announce the sponsorship by Beverage Plus and the MC2 Energy Drink of several important motorsport sponsorships this weekend at the Homestead-Miami Speedway.
Appearing in the NASCAR Nationwide Series are MC2 sponsored stock cars No. 84 Dodge driven by Jennifer Jo Cobb, No. 37 Ford driven by Kevin Hamlin, No. 27 Ford driven by Jason Keller, and the No. 01 Chevy driven by Michael Wallace. In addition, MC2 sponsored the No. 05 Dodge driven by Mike Harmon in the Camping World Truck Series this weekend. Among all three NASCAR series races this weekend, the No. 84 team is the only team racing with a female driver. In addition, the Mike Harmon Motorsports team operating the No. 84 car is featuring a woman powered program involving female crew chief, spotter and driver.
Ronald Serota, CEO of Beverage Plus states that, “We have been very active in NASCAR sponsorships over the past two years and have made a tremendous investment in motorsports. We are excited to have Jason, Mike, Kevin, Michael, and Jennifer on board with us this weekend in sunny Miami-Homestead. The exposure we expect to get both on track and with TV coverage should be quite well worth our investment. We are making significant plans for our 2010 racing programs in the NASCAR series. We have been watching Jennifer Jo Cobb race for quite some time and we are very pleased to have her drive for us this weekend. She, as well as the other drivers, did a great job in the practice portion of the NASCAR series race. We are confident these drivers will do an outstanding job qualifying for the race later today. These drivers are truly excited to be out here at the track today. In addition, Jennifer is one of the most enthusiastic drivers we have ever seen.”
Jennifer Jo Cobb states that, “I am thrilled to be racing with the support of the MC2 Energy Drink sponsorship and that I am excited about the prospect of promoting the energy drinks in various markets throughout the United States.”
MC2 Energy drink thanks the various team owners who greatly contributed to the performance of the teams this weekend: Baker Curb Racing, Mike Harmon Racing and JD Motorsports and the expertise provided by Mobile Marketing and Wide-Open Sports Marketing, Inc.
Beverage Plus Overview
Beverage Plus is a leading franchise company in the energy drink industry with offices in Zurich, Switzerland and Las Vegas, Nevada, USA. Beverage Plus is the exclusive distributor and holder of the worldwide license for MC2 Energy Drink and 38 other beverages. These include sports drinks, all natural herbal energy drinks, flavored vitamin waters, natural sodas, gourmet colas, MC2 energy mints and a coffee natural energy drink made from liquid coffee produced in Brazil.
For further information please visit the company’s website at www.mc2energydrink.com
