Business
Industrial Growth Income Corporation Announces Closing of Private Placement by PyroGenesis Canada Inc.
Mar. 30, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR ...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"\n\n\n Mar. 30, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY\n CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\n\nWINNIPEG, March 30 /CNW/ - Industrial Growth Income Corporation (NEX:\n IGI.H) ("IGIC" or the "Corporation"), a capital pool company listed on\n the NEX board (the "NEX") of the TSX Venture Exchange (the "Exchange"),\n is pleased to announce that PyroGenesis Canada Inc. ("PyroGenesis") has\n completed its private placement offering (the "Private Placement").\n\n\nWith two Additional Financings which recently closed (defined below) and\n IGIC's cash position of approximately $400,000, the total gross\n proceeds available to the amalgamated company upon completion of the\n Qualifying Transaction (defined below) pursuant to which the\n Corporation and PyroGenesis will amalgamate, is approximately $7.5\n million, less the expenses of the Qualifying Transaction.\n\n\nAt the closing of the Private Placement, PyroGenesis issued Subscription\n Receipts at a price of $0.80 per Subscription Receipt for gross\n proceeds of approximately $4.1 million.  Each Subscription Receipt\n issued pursuant to the Private Placement entitles the holder thereof to\n receive one common share in the capital of PyroGenesis upon\n satisfaction of the Release Conditions (as defined below)...