viewPyroGenesis Canada Inc.

PyroGenesis Canada closes non-brokered C$168,000 private placement

The company issued 300,000 units at a price of C$0.56 per unit for proceeds of about C$168,000

The Montreal-based company says the proceeds will be used for general corporate purposes

PyroGenesis Canada Inc (CVE:PYR) (OTCMKTS:PYRNF) announced Wednesday it has closed a non-brokered private placement that raised about C$168,000. 

The company issued 300,000 units at a price of C$0.56 per unit, and proceeds will be used for general corporate purposes, according to a statement. 

Each unit will consist of one common share in the capital of the company and three-quarters (0.75) of a common share purchase warrant, which will be subject to a statutory hold period of four months and one day from the closing date of the placement.

READ: PyroGenesis ready to engage with potential customers for waste-to-energy system after previous contract terminated

Each warrant will entitle the holder to acquire one common share at a price of C$0.75. Each warrant expires 15 months from issuance.

PyroGenesis said it will not pay finder fees or issue any finders compensation warrants in connection with the placement.

The placement is subject to the final approval of the TSX Venture Exchange as well as other customary closing conditions.

PyroGenesis, which is based in Montreal, is a high-tech company that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham


Quick facts: PyroGenesis Canada Inc.

Price: 3.42 CAD

Market: TSX-V
Market Cap: $510.08 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of PyroGenesis Canada Inc. named herein, including the promotion by the Company of PyroGenesis Canada Inc. in any Content on the Site, the Company...


Morning report: FTSE flies as HSBC jumps and Trump tax evasion accusation...

FTSE 100 made a decent start to the week buoyed by M&A activity and good rises by markets in Asia. The blue chip index was up 90 at 5,933. Donald Trump paid just US$750 in tax in 2016 and 2017 and none at all for a decade, according to The New York Times. Trump, who said the report was...

17 minutes ago

2 min read