PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

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PyroGenesis Inc > Nice

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Comment by ScienceFirston Aug 12, 2021 9:20pm

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Post# 33698923

RE:RE:Nice

The payment structure in this acquisition is very wise. It protects PYR's shareholders in case some milestones are not met.

It removes any risk.

Wise.

The Purchase Price shall be paid as follows:

Approximately 20% upon receipt of payment of US$4MM (approx. Can$5MM) under an existing letter of credit from AST’s client 1,
Approximately 20% upon final acceptance test/bank guarantee from client 1,
Approximately 25% upon receipt of final acceptance report for client 2,
Approximately 5% upon final acceptance test, or equivalent from each of client 3 and 4 (total 10%), and
Approximately 25% upon conversion of $4MM in pipeline to signed contracts.