SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 8, 2016

 

PROGREEN PROPERTIES, INC.

 

 (Exact Name of Registrant as Specified in Its Charter)

 

Delaware   000-25429   59-3087128

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

6443 Inkster Road, Suite 170-D, Bloomfield Township, MI   48301
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant's telephone number, including area code: (248) 530-0770

 

 

 

Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

 

 

 

 

 

 

Item 3.02. Unregistered Sale of Equity Securities.

 

The following table sets forth the sales of unregistered securities since the Company’s last report filed under this item.

 

Date  Title and Amount(1)  Purchaser  Principal Underwriter  Total Offering Price/ Underwriting Discounts 
March 8, 2016  Issuance to Jan Telander of 100,000 shares of Series A Convertible Preferred Stock. pursuant to a subscription agreement.   Chief Executive Officer of the Company.  NA  $100,000/NA 
               
April 21, 2016  Issuance to private investor of 100,000 shares of Series A Convertible Preferred Stock. pursuant to a subscription agreement.  Private Investor.  NA  $100,000/NA 
               
June 8, 2016  Issuance to private investor of 100,000 shares of Series A Convertible Preferred Stock. pursuant to a subscription agreement.  Private Investor.  NA  $100,000/NA 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  PROGREEN PROPERTIES, INC.
     
Dated:  June 13, 2016 By: /s/ Jan Telander
 

Jan Telander, Chief Executive Officer

 

 

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