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PyroGenesis Announces Minimum $7.5 Million Private Placement of Units, Including Concurrent Placement to CEO
PyroGenesis Announces Minimum $7.5 Million Private Placement of Units, Including Concurrent Place...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"\n \n \n \n PyroGenesis Announces Minimum $7.5 Million Private Placement of Units, Including Concurrent Placement to CEO\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n Feb. 14, 2023\n \n \n /CNW/ -\n \n PyroGenesis Canada Inc. (\n \n http://pyrogenesis.com\n \n )\n \n (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (the \"\n \n Company\n \n \" or \"\n \n PyroGenesis\n \n \") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead agent (the \"\n \n Lead\n \n \n Agent\n \n \"), in connection with a reasonable \"best efforts\" private placement of a minimum of 5,000,000 units and a maximum of 10,000,000 units of the Company (the \"\n \n Units\n \n \") from treasury at a price of\n \n $1.00\n \n per Unit (the \"\n \n Issue Price\n \n \") for gross proceeds of a minimum of\n \n $5,000,000\n \n and a maximum of\n \n $10,000,000\n \n (the \"\n \n Offering\n \n \").\n \n \n Each Unit will consist of one (1) common share (each, a \"\n \n Common Share\n \n \") of the Company and one (1) warrant (each a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one (1) Common Share at price equal to\n \n $1.25\n \n for a period of 24 months following the closing date of the Offering.\n \n \n The net proceeds from the issue of the Units will be used for working capital and general corporate purposes.\n \n \n The Offering is expected to close on or about\n \n February 23, 2023\n \n , or such other date as the Company and the Lead Agent may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the acceptance of the Toronto Stock Exchange.\n \n \n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (\"\n...