PyroGenesis Provides Update on Financing and Corporate Matters
MONTREAL, Feb. 21, 2023 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA:8PY) (the “Company” or “PyroGenesis”) is pleased to announce that to date, it has received commitments in excess of $10.0 million under its private placement of units of the Company announced on February 14, 2023 (the “Offering”), including the concurrent $2.5 million private placement to the CEO (the “Concurrent Placement”). The Offering is being completed under the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, with Cormark Securities Inc. as lead agent. The Offering is expected to close on or about February 23, 2023, or such other date as the Company and Cormark Securities Inc. may agree. The net proceeds from the Offering and Concurrent Placement will be used for working capital and general corporate purposes.
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