Pyrogenesis Canada Inc T.PYR

Close enough. Say one thing, do another thing entirely

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PyroGenesis Announces Withdrawal of Financing

T.PYR | February 23, 2023

 

MONTREAL, Feb. 23, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA:8PY) (the “Company” or “PyroGenesis”) announces that the Autorit des marchs financiers (the “AMF”), the securities regulatory authority in the Province of Qubec, has issued an order suspending the private placement of units previously announced by PyroGenesis on February 14, 2023 for a period of 15 days. As such, PyroGenesis and Cormark Securities Inc. have agreed that they will not proceed with the financing. The AMF alleges in the order that PyroGenesis does not satisfy all of the requirements necessary to complete the financing under the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, namely that PyroGenesis will have available funds to meet its business objectives and liquidity requirements for a period of 12 months.

PyroGenesis expects to be able to provide sufficient evidence to address the AMF’s concerns over the next few weeks and will revisit its financing options, with Cormark Securities Inc....
 

PyroGenesis Announces Closing of $5 Million Non-Brokered Private Placement

T.PYR | March 8, 2023

MONTREAL, March 08, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), announces today that it has completed a non-brokered private placement consisting of the issuance and sale of 5,000,000 units of the Company (the “Units”) at a price of $1.00 per Unit, for gross proceeds of $5,000,000 to the Company (the “Private Placement”). P. Peter Pascali, the President and CEO of PyroGenesis, subscribed to 2,500,000 Units under the Private Placement. In connection with the Private Placement, Research Capital Corporation acted as financial advisor to the Company.