PyroGeneisis is in the process of uplisting to the Toronto Stock Exchange Senior Board. There was a news release (NR) on this last week. See posts below on this.
Yes indeed. Since Peter is ex Wall Street Banker..he knows exactly what he is doing. I'm betting in very near horizon we'll get update on moving to the senior board as tech company.
Seems very strategic planning on timing with torch news release...very exciting times.
BCONTVentures wrote:This is huge news about PyroGenesis heading to the Toronto Stock Exchange Senior Board. Great work Peter and Team at PyroGenesis!
And great point that you brought up in your post below developbc (I highlighted it in yellow).
Also remember that prior to joining PyroGenesis in 1992 Peter Pascali was an Investment Banker, specializing in mergers and acquisitions and then public offerings. Peter knows what is required for the uplisting.
Exciting times!
Long and Strong in PyroGenesis!
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!!!
Martincat wrote: Has PYR mgt considered NEO, a new canadian exchange? NEO`s goals are to provide fairer and more honest trading for investors, eliminate predatory practices, and offer more investment opportunities. It offers regular stocks, investment funds and structured products.