RE:RE:RE:PYR Early Warning ReportPlease read the early warning in details, and don't just make any out of context statement: "
Assuming the completion of the Proposed Disposition, 750,000 Common Shares, representing 0.44% of the issued and outstanding Common Shares, will be sold by the Trust, resulting in a Total Ownership of 78,994,498 Common Shares (representing 46.43% of the issued and outstanding Common Shares). In addition, Mr. Pascali beneficially owns and controls options issued under PyroGenesis’ option plan to acquire 5,920,000 Common Shares (of which 5,270,000 are currently vested (the “Vested Options”) and, 325,000 will vest on July 16, 2022 and 325,000 will vest on July 16, 2023 (the unvested options, collectively, the “Unvested Options”).
Assuming the exercise of all the Vested Options, an aggregate of 5,270,000 Common Shares would be issued, and the Total Ownership would increase to 85,014,498 Common Shares (or 84,264,498 Common Shares assuming the completion of the Proposed Disposition), or 48.47% (or 48.04% assuming the completion of the Proposed Disposition) of the issued and outstanding Common Shares (based on the number of Common Shares issued and outstanding as of the date hereof and after giving effect to the issuance of the 5,270,000 Common Shares issuable under such options)"
Peter sells 750,000 shares and exercises 5,270,000 options. So, his ownership
increases from 46.43% to 48.04%. That is a wise decision for any smart investor.