PyroGenesis Announces Closing of a Small Non-Brokered Private Placement

MONTREAL, Oct. 19, 2022 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), announces today that it has completed a non-brokered private placement consisting of the issuance and sale of 1,014,600 units of the Corporation (the “Units”) at a price of $1.30 per Unit, for gross proceeds of $1,318,980 to the Company (the “Private Placement”). The closing price of the common shares of the Company on October 18, 2022, the last trading day prior to the closing of the Private Placement, was $1.17.

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