NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
MONTREAL, Nov. 03, 2020 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (TSX-V: PYR; OTCQB: PYRNF; FRA: 8PY) (the “Company” or “PyroGenesis”), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and products, is pleased to announce that it has filed and received a receipt for its final prospectus dated November 3, 2020 (the “Prospectus”) in respect of its previously announced bought-deal short form prospectus offering of units at a price of $3.60 per unit for aggregate gross proceeds to the Company of $12,076,380, including the full exercise of the over-allotment option. Mackie Research Capital Corporation is acting as the sole underwriter and sole bookrunner in respect of the offering.
The closing of the offering is expected to occur on or about November 10, 2020 and is subject to customary conditions. For more information on the offering and the terms thereof, please refer to the Prospectus, which is available under the Company’s profile on SEDAR at www.sedar.com. The units are being offered under the Prospectus in all provinces of Canada.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The Company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The Company’s core competencies allow PyroGenesis to provide innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified. For more information, please visit www.pyrogenesis.com.