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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 BCONTVentureson Dec 27, 2023 12:12pm
122 Views
Post# 35801265

RE:What happened After a very similar loan on March 18, 2020?

RE:What happened After a very similar loan on March 18, 2020?Great post jetpack, thanks for this.  It's interesting to note that the loan given (and subsequently repaid) in 2020 had a 12% interest rate (in a low rate environment).  The recent financing/private placement is at 3%, in a high rate environment.  Peter/PyroGenesis got a great rate at 3% in these times. 

Interesting that Peter/PYR only chose to borrow $1.25 million at this rate of 3%.  Also keep in mind that Peter is on a business trip in early January.

Looking forward to 2024!

jetpack wrote: The last Time Peter made a loan to PYR was march 18, 2020 I believe, it had basically the same security on "Movable Property" what happened after that, did Peter disolve the company and take the patents and run as may are suggesting here? No, actually this happened,

Price March 20th .15 USD
Price July 24th $4.22 USD
Price Febuary 2021 $9.43 USD

Maybe the reason Peter is making this bridge loan is not the evil intent some suggest, but one hell of a deal(s) is(are) around the corner. Many Millioniares were made in 2020 because of this opportunity, Happy new year to all!

MONTREAL, March 18, 2020 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the "Company", the “Corporation” or "PyroGenesis") that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has closed a $903,000 non-brokered secured convertible loan at 12% per annum (the “Loan”), with a related party.

The Loans bears interest at the rate of 12% per annum, with interest payable in cash on a quarterly basis in arrears and matures September 17th, 2021. The Loan is convertible into common shares of the Company (each, a "Common Share") at a conversion price of .28 per Common Share (the "Conversion Price"). The Common Shares issuable on conversion of the Loan will be subject to a statutory hold period of four months and one day from the closing date.

The Loan is secured by a subordinated Hypothec on the Universality of Movable Property over all of the present and after acquired moveable property and assets of the Company.

PyroGenesis intends to use the net proceeds from the Offering for general corporate purposes. The Offering is subject to the final approval of the TSXV.



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