Business
Pyrogenesis Canada Inc. retains Imaginis Business Development Inc. as investor relations consultant
MONTREAL , Oct. 1, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. ( http://pyrogenesis.com ...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"\n\n\nMONTREAL, Oct. 1, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV: PYR), a TSX Venture 50® high-tech company (the \"Company\" or\n \"PyroGenesis\") that designs, develops, manufactures and commercializes\n plasma waste-to-energy systems and plasma torch systems, announced\n today that it has retained Imaginis Business Development Inc.\n (\"Imaginis\") as a investor relations consultant to increase PyroGenesis\n Canada Inc.'s awareness amongst Canadian Institutional Investors and\n related Retail Brokers (the \"Agreement\").\n\n\n\"We are pleased to announce that Imaginis, being the most recent\n addition to our IR team, not only rounds out the current expertise, but\n will also help promote PyroGenesis' product lines to niche industries,\n specifically Oil and Gas,\" noted P. Peter Pascali, President and Chief\n Executive Officer of PyroGenesis Canada Inc.\n\n\nIn consideration for services provided under the Agreement, the Company\n will pay Imaginis a retainer of $10,000 per month for a five month\n term, starting October 1st, 2014 and grant Imaginis, under its shareholder-approved stock option\n plan, 250,000 incentive stock options at an exercise price of $0.40 per\n Share, which will vest at April 1, 2015 and have a 5-year term.  Should\n the contract be extended beyond February 28th 2015, an additional 250,000 stock options will be granted at the stock\n price, at the close of business, on February 27th, 2015 and have a 5-year term.  Should the contract not be extended\n beyond February 28th, 2015, then the original 250,000 options will be null and void and no\n additional options will be issued.  The contract can be cancelled by\n either party with 30 days notice. The issuance of the stock options\n remains subject to the approval of the TSX Venture Exchange.\n\n\nOf note, Imaginis does not currently hold any securities in PyroGenesis\n nor has any interest, directly or indirectly, in the Company except as\n that disclosed herein.\n\n\nSeparately, PyroGenesis announces that effective October 1, 2014 Ms.\n Gillian Holcroft, EVP Strategic Alliances will no longer be employed by\n the Company.\n\n\nAbout PyroGenesis Canada Inc.\nPyroGenesis Canada, a TSX Venture 50® high-tech company, is the world\n leader in the design, development, manufacturing and commercializatio...