Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

TSX:PYR - Post by User

Pyrogenesis Canada Inc > Uplisting to TSX

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Comment by BCONTVentureson Oct 12, 2020 6:40am

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Post# 31703570

RE:RE:RE:RE:RE:Uplisting to TSX

Absolutely PyroGenesis is headed to the TSX Senior Board.

Remember Peter was an Investment Banker prior to joining PyroGenesis in 1992, one of his specializations was public offerings. (Check out Peter's information: https://www.pyrogenesis.com/dvteam/p-peter-pascali/)

And yes, PyroGenesis bought and retired 1.2 Million shares through their NCIB program earlier this year. So no net effect on share dilution.

Exciting times!

Long and Strong in PyroGenesis!

developbc wrote: Yes 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 :)