PyroGenesis Announces Closing of a Small Non-Brokered Private Placement
19 Oktober 2022 - 11:00PM
PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred
to as the “Company” or “PyroGenesis”), that designs, develops,
manufactures and commercializes advanced plasma processes and
sustainable solutions which are geared to reduce greenhouse gases
(GHG), announces today that it has completed a non-brokered private
placement consisting of the issuance and sale of 1,014,600 units of
the Corporation (the “Units”) at a price of $1.30 per Unit, for
gross proceeds of $1,318,980 to the Company (the “Private
Placement”). The closing price of the common shares of the Company
on October 18, 2022, the last trading day prior to the closing of
the Private Placement, was $1.17.
Each Unit consists of one common share of the
Company (a “Common Share”) and one Common Share purchase warrant
(each whole Common Share purchase warrant, a “Warrant”). Each
Warrant entitles the holder thereof to purchase one Common Share at
a price of $1.75 until October 19, 2024. The Common Shares and
Warrants issued in connection with the Private Placement, and the
Common Shares underlying the Warrants, are subject to a statutory
hold period of four months and one day from the date of closing, in
accordance with applicable securities legislation.
These proceeds will be used by the Company for
working capital and general corporate purposes.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities of 1933, as amended,
or any state securities laws and may not be offered or sold within
the United States, unless an exemption from such registration is
available.
About PyroGenesis Canada
Inc.
PyroGenesis Canada Inc., a high-tech company, is
a leader in the design, development, manufacture and
commercialization of advanced plasma processes and sustainable
solutions which reduce greenhouse gases (GHG) and are economically
attractive alternatives to conventional “dirty” processes.
PyroGenesis has created proprietary, patented and advanced plasma
technologies that are being vetted and adopted by multiple
multibillion dollar industry leaders in four massive markets: iron
ore pelletization, aluminum, waste management, and additive
manufacturing. With a team of experienced engineers, scientists and
technicians working out of its Montreal office, and its 3,800 m2
and 2,940 m2 manufacturing facilities, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. The operations are ISO 9001:2015
and AS9100D certified, having been ISO certified since 1997. For
more information, please visit: www.pyrogenesis.com.
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward- looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Company's current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Company’s with respect to future events and are
subject to certain risks and uncertainties and other risks detailed
from time-to-time in the Company's ongoing filings with the
securities regulatory authorities, which filings can be found at
www.sedar.com, or at www.sec.gov. Actual results, events, and
performance may differ materially. Readers are cautioned not to
place undue reliance on these forward-looking statements. The
Company’s undertakes no obligation to publicly update or revise any
forward- looking statements either as a result of new information,
future events or otherwise, except as required by applicable
securities laws. Neither the Toronto Stock Exchange, its Regulation
Services Provider (as that term is defined in the policies of the
Toronto Stock Exchange) nor the NASDAQ Stock Market, LLC accepts
responsibility for the adequacy or accuracy of this press
release.
For further information please contact: Rodayna
Kafal, Vice President, IR/Comms. and Strategic BDPhone: (514)
937-0002, E-mail: ir@pyrogenesis.com RELATED LINK:
http://www.pyrogenesis.com/
PyroGenesis Canada (TSX:PYR)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
PyroGenesis Canada (TSX:PYR)
Historical Stock Chart
Von Mär 2023 bis Mär 2024