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Bullboard - Stock Discussion Forum 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... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > Loan $ recovery
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Post by NurseJ on Jan 16, 2021 3:09pm

Loan $ recovery

It seems to me that this is just loan money recovery. The intended sale of shares are those held by Fiducie de Credit Mellon, which is the trust that loaned money to PYR and then converted that loan into 3,225,000 common shares. They are only selling 1/8 of the shares that were converted, seems like an obvious way to recover the funds, while still holding an impressive amount of shares
Comment by HARJAY on Jan 16, 2021 3:29pm
NurseJ Exactly correct , thanks !!! PyroGenesis' CEO Files Early Warning Report; Reflects Increase in Ownership by 3.225 Million Shares Author of the article: GlobeNewswire   Publishing date: Oct 01, 2020  •  October 1, 2020  •  3 minute ...more  
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