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.

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Pyrogenesis Canada Inc > UPLISTING PYR is huge...finally going to the big board!

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Comment by sandysoucion Oct 15, 2020 6:43pm

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Post# 31725666

RE:RE:UPLISTING PYR is huge...finally going to the big board!

PERFECT CALL on this (see below from about 10 days ago)... thanks Developbc!...

developbc wrote: Keep in mind everyone 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

developbc wrote:
NOT a NEED for financing...securities issuance for TSX uplist:

Without limitation, the original listing requirements of the TSX provide that a company must have a minimum of $10,000,000 in the treasury, the majority of which has been raised by the issuance of securities qualified for distribution by a prospectus, which requirement is not currently satisfied by the company.

Majority is defined as at least $5M+ $1 which I am sure Peter has lined up already with banks and lawyers.

The balance is zero concern as yesterdday NR: $4.8M from US Military + $2.65M coming in from Drosite = $7.45M plus cash they have been receiving from Drosite and HPQ already easilly is over $5M on hand plus the securites issuance required to satisfiy TSX uplist.

Contract for torch news seems strategically delayed as we uplist knowing Peter. Imho torch news is very very soon.

LONG and STRONG PYR!!!