Mango Capital has announced the execution of an agreement to purchase 125 properties throughout Arkansas and Texas. The company paid for the purchase with shares in MCAP shares. The majority of the Texas parcels are in an exclusive development called Horseshoe Bay near Lake LBJ outside of Austin in the Teas Hill Country. The Arkansas land is located in Benton County which is located in the Northwest section of Arkansas, bordering both Oklahoma and Missouri. “This acquisition furthers our business plan of growing via acquisition using restricted shares in Mango as currency. We have some additional interesting opportunities in the pipeline as well, and are aggressively seeking more purchases to grow our balance sheet and to take Mango mainstream,” stated Mango President Rick Makoujy.
