RE:RE:RE:RE:Uplisting to TSXYes aa sp rises less shares issuance.
But majority is just touch over ~ half of the $10M is required via new issuance....So $5M @$4.11 sp is about 1.2M shares which is way less than 1% dilution. In reality since Pyrogenesis bought back 1.2M shares thru companies NCIB program earlier this year...zero net effect on shares dilution :)
Definitely bet Peter already has this locked up w the banks/lawyers...maybe contingent on torch news and where sp is at.
PYR is definitely headed to TSX Senior Board
Happy blessed thanksgiving weekend :)
Yajne wrote: On second thought though, I think we will see torch deals announce in the next couple weeks (before end of Oct) and when sp is north of $10, PYR might announce a small pp to satisfy the TSX requirement. It's still mice nuts, either way!
Yajne wrote: fair enough developbc but as I read the nr from PYR, the
majority of $10million is raised by prospectus, then even if they have to issue 2 or 3 million new shares, it's mice nuts really!! I say "git her done!!"
From the nr, see below':
It is necessary that the majority of this be raised through the issuance of securities qualified for distribution by a prospectus. developbc wrote: Tcheck wrote: Will require the emission of +/- 3 MM shares on 157 MM existing .
The move Will benefit the shareholders and is certainly worth it .
Yes definitely worth it. Keep in mind as only ~ half of the $10M is required via new issuance. $5M @$4.11 sp is about 1.2M shares which is way less than 1% dilution but remember Pyrogenesis bought back 1.2M shares thru companies NCIB program earlier this year
As stated..Pyrogenesis majority means...anything over $5M is defined as majority. Thus only touch under $5M needs to satisfy the issuance of securities qualified for distribution by a prospectus criteria...in which I am betting Peter already has locked up w the banks/lawyers. PYR is definitely headed to TSX Senior Board
Happy blessed thanksgiving weekend :)