Pyrogenesis Canada Inc T.PYR

Fair terms?

[GrahamB]

If I read a few of these posts, there are folks that believe that the terms of this loan are fair?

Please read the terms=and think-think think!!!!

"During this period, the Lender may convert, in whole or in part, (i) the principal amount of the loan into common shares of the Company (“Common Shares”) at the conversion price equal to $0.4918 (the “Conversion Price”), which amount represents a 20% premium to the per share volume weighted average trading price (VWAP) of the Common Shares on the TSX for the five trading days immediately preceding the date of the Effective Date (the “Current Market Price”), and (ii) subject to the approval of the TSX, any accrued interest into Common Shares at a conversion price equal to the higher of the (a) Current Market Price for the period immediately preceding the date of payment of the accrued interest and (b) Conversion Price.

As part of the Loan, PyroGenesis also granted to the Lender share purchase warrants (“Warrants”) to subscribe for up to 625,000 Common Shares at a purchase price of $0.4098 per share (representing the Current Market Price on the effective date of the Loan). The Warrants expire eighteen months following the Effective Date. The Warrants will be subject to a hold period of four months and one day from the date hereof in accordance with applicable securities laws.

At any time after March 1, 2024, the Lender may require the prepayment of the entire outstanding balance of the Loan amount. "

Source: sedar.com

[pjecan]

  At any time after March 1, 2024, the Lender may require the prepayment of the entire outstanding balance of the Loan amount. The Company also has the right to prepay the balance of the loan at any time upon thirty days prior notice to the Lender. The Loan will be secured by a subordinated hypothec on the universality of the Company’s movable property.       looks to me that

[GrahamB]

Its standard to have a lock update-likely required. As an accredited investor -have always had this. 

[pjecan]

@GrahamB. Just wodering why you would go to the trouble to cut out a portion of the SEDI filing before you posted your censored version. A portion that could be construed as positive ???

[GrahamB]

What is positive? There was nothing that was missed that was favourable -explain. would you prefer that I post the entire PR and we go over it step-by-step? Your call-I see nothing signed=ficant-the time period is a security requirement to my knowledge-as I have had similar terms in financings I have personally done in my investing as an Acreed investir

[pjecan]

But why cut out that section. Answer the question please.  and I am not sure what an Acreed Investir is ?

[Bajabeacher]

Think this Graham B character need to go where the rest of my ignores are circling. Have a nice Christmas Sir....

[GrahamB]

Like I said we can review the entire PR-I put in the most relevant parts. These parts are relevant because the terms favour The lender. IMO. Other parts are standard and/or according to securities regulations to my knowledge. They also are not at all likely to occur, nor be executed even IF conditions existed. Accredited Investor   If its helpful we can go over the whole document and you can

[Mostlyserious]

I don't think many really give this loan much thought.  They all know, whether admittedly or not, that PYR can use additional financing.  That's what a negative working capital means and there are several ways to address it, this being one. So, getting money to help being able to fight another day is good.  Seeing a 3% interest rate when others are paying double digit

[GrahamB]

[GrahamB]

Sorry, my post didn't come out. Basically, you have identified , one of the key concerns. basically, there is no question that this loan can be called, and it has a call onto all assets. Ok so what is the nuclear option? (lets speculate and recognize this isnt a prediction, just for fun, for entertainment by a silly investor) You can imagine, if you want to speculate ,,,,,, since PYR haven

[sorrenson]

Fair ?  if the company doesnt like the terms they can . A Go to a bank.   B Go to a check cashing /payday loan company  C  Convince the AMF to allow them to  sell more shares to the public  If you were asked to lend PYR over  1 million dollars what would you want ?   Then ask again  is it "fair"  As per being a demand note.&

[Breizh01]

The current production facilities on Tiurcot include the wonder machine QRR used to produce Silicon for HPQ silicon. The QRR is the property of HPQ Silicon and materially not the property of PYR even if it is housed by PYR facilities. Other facilities for the 3D production are housed in rental property where the GEN2 is housed.  Seems like a fair evaluation for the size of the property.

[dalesio_98]

Interesting, HPQ owes PYR ... The QRR is the property of HPQ Silicon and materially not the property of PYR even if it is housed by PYR facilities.