RE:RE:RE:P. Peter Pascali Updates Early Warning Report 07:16 AM EDT, 07/16/2021 (MT Newswires) -- PyroGenesis Canada Inc. (PYR.TO) said overnight Thursday that CEO P. Peter Pascali intends to sell up to 765,000 common shares of the company under an automatic securities disposition plan.
The common shares, which are held by Fiducie de Credit Mellon Trust, will be sold at prevailing market prices during the period from July 15 to Aug. 6, said the company, which manufactures plasma atomized metal powders.
Pascali currently controls a total of 81,256,998 common shares, or a 48.44% stake, in PyroGenesis, of which 61,742,941 common shares are directly held. He also controls owns options to acquire a further 6,850,000 common shares, of which 5,875,000 are currently vested and 325,000 are vesting today.
PyroGenesis' shares dropped 2.6% at business close yesterday.