Pyrogenesis Canada Inc T.PYR

Uplisting to TSX

[Tcheck]

Will require the emission of +/- 3 MM shares on 157 MM existing .
The move Will benefit the shareholders and is certainly worth it .

[developbc]

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

[Yajne]

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.

[Yajne]

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!

[developbc]

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

[BCONTVentures]

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

[LinkLeisure]

If the contracts with A, B, and/or C are close and significant, it should hopefully require a lot less than 3 millinon shares (current around $4) to come up with $10 Million.  Let's hope for 1 Million shares at $10.  Why dillute more than is needed if contracts are pending that should materially and significantly change the share price?  Not that 3 million shares is a huge