PyroGenesis Further Comments on Stock Trading Activity
MONTREAL, QUEBEC--(Marketwired - Jun 29, 2017) - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high-tech company (the "Company" or
"PyroGenesis") that designs, develops, manufactures and commercializes advanced plasma processes and plasma torch products,
announces today that, further to its press release issued earlier today, and in response to a significant number of inquiries
relating to a possible private placement offering, the Company confirms that there are absolutely no discussions to undertake any
such offerings at this time.
"Given the enormous amount of inquiries, notably with respect to a private placement offering at a price ranging from
$0.50-$0.70, we thought it prudent to inform the market and stakeholders that there is absolutely no private placement offering
being considered at this time, in this or any other price range." said P. Peter Pascali, President and CEO of PyroGenesis.
"Although it is our policy not to comment on such inquiries, we believe under the circumstances it is necessary to do so. The
fact of the matter is, we have recently refused offers to undertake a private placement offering when the stock was trading above
$0.90. This is not to suggest that we would not consider financings should they be reasonable and necessary in the ordinary
course of business; however, at this time no such discussions are being held."
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma
processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey
process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and
environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and
our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of
technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative
plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global
marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded
Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more
information, please visit www.pyrogenesis.com.
This press release contains certain forward-looking statements, including, without limitation, statements containing the
words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar
expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking
statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that
could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and
uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our
strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and
development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory
approval process. Such statements reflect the current views of the Company with respect to future events and are subject to
certain risks and uncertainties and other risks detailed from time-to-time in the Company's ongoing filings with the securities
regulatory authorities, which filings can be found at www.sedar.com, or at
www.otcmarkets.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press
release.
SOURCE PyroGenesis Canada Inc.