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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.


TSX:PYR - Post by User

Comment by Thinkbigsti69on Dec 20, 2023 8:05pm
68 Views
Post# 35794916

RE:RE:PyroGenesis Announces Closing of a $1.25 M Private Placement

RE:RE:PyroGenesis Announces Closing of a $1.25 M Private Placement
Thinkbigsti69 wrote:
Betteryear2 wrote:

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

MONTREAL, Dec. 20, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce that on December 20, 2023 (the “Effective Date”) it closed a $1,250,000 non-brokered private placement of a convertible loan (“Loan”) in the amount of $1.25 million with Fiducie de Crdit Mellon Trust, a related party (the “Lender”).

PyroGenesis Announces Closing of a $1.25 Million Private (globenewswire.com)

@CndnBacon Pretty great loan terms....3% is stellar
 
5
 
@deedeemgee Warrants at 20% premium to share price and interest at 3% seems like a great deal. What’s the bank rate right now again?

@deedeemgee Anyone saying this is bad has no business investing. PYR could invest this loan risk free and come out ahead.

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