PyroGenesis Announces Closure of Small Unbrokered Private Placement, The Canadian Business Journal

MONTREAL, Oct. 19, 2022 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (“Company” or “Pyrogenesis”), which designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions for the reduction of greenhouse gases (GHG), today announced its 1,014,600 units (“Units”) at a price of $1.30 per unit for an aggregate amount of $1,318,980 to the Company (“Private Placement”). The closing price of our common stock on October 18, 2022, the last trading day prior to the closing of the private placement, was $1.17.

Each Unit consists of one share of our common stock (“Common Stock”) and one Common Stock Purchase Warrant (each Common Stock Purchase Warrant as a whole, a “Warrant”). Each warrant holder may purchase one share of common stock for his $1.75 through October 19, 2024. Common stock and warrants issued in connection with the private placement and the common stock underlying the warrants are subject to a statutory holding period. Four months and one day from the closing date, subject to applicable securities laws.

These proceeds are used by the company for working capital and general corporate purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. This security has not been registered and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws. May not be offered or sold in the United States unless an exemption from registration is available.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, designs advanced plasma processes and sustainable solutions that reduce greenhouse gases (GHG) and are economically attractive alternatives to traditional “dirty” processes. , a leader in development, manufacturing and commercialization. PyroGenesis is a unique, patented advanced technology vetted and adopted by multiple multi-billion dollar industry leaders in four huge markets: Iron Ore Pelletization, Aluminum, Waste Management and Additive Manufacturing. created a new plasma technology. With a team of highly experienced engineers, scientists and technicians working in our Montreal office and his 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis will gain a competitive advantage by staying at the forefront of technology development and commercialization. maintain. The operation is ISO 9001:2015 and AS9100D certified and has been ISO certified since 1997. For more information, please visit www.pyrogenesis.com.

This press release contains the words “may,” “plan,” “intend,” “estimate,” “continue,” “forecast,” “intend,” and “expect.” It contains certain forward-looking statements, including but not limited to. , “ongoing,” and other similar expressions that constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect our current expectations 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. This includes, but is not limited to, our expectations regarding the acceptance of our products by the market, our strategies for developing new products and enhancing the capabilities of existing products, and our strategies for research and development. It will not be. , the impact of competitive products and pricing, new product development and uncertainties related to the regulatory approval process. Such statements reflect the Company’s current views regarding future events and are subject to certain risks and uncertainties, as well as others, which are detailed from time to time in the Company’s ongoing filings with securities regulators. subject to the risk of www.sedar.comor www.sec.govActual results, events and performance may vary materially. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the Toronto Stock Exchange nor its regulatory service providers (as that term is defined in Toronto Stock Exchange Policy) nor NASDAQ Stock Market, LLC are responsible for the adequacy or accuracy of this press release. Hmm.

For more information, please contact:
Rodayna Kafal, Vice President IR/Comms. Strategy BD
Phone: (514) 937-0002, Email: [email protected]

Related Links: http://www.pyrogenesis.com/

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