PyroGenesis Announces Filing of Final Prospectus and Closing Date for Offering
November 03 2020 - 7:31PM
PyroGenesis Canada Inc. (TSX-V: PYR; OTCQB: PYRNF; FRA: 8PY) (the
“
Company” or “
PyroGenesis”), a
high-tech company that designs, develops, manufactures and
commercializes advanced plasma processes and products, is pleased
to announce that it has filed and received a receipt for its final
prospectus dated November 3, 2020 (the
“
Prospectus”) in respect of its previously
announced bought-deal short form prospectus offering of units at a
price of $3.60 per unit for aggregate gross proceeds to the Company
of $12,076,380, including the full exercise of the over-allotment
option. Mackie Research Capital Corporation is acting as the sole
underwriter and sole bookrunner in respect of the offering.
The closing of the offering is expected to occur
on or about November 10, 2020 and is subject to customary
conditions. For more information on the offering and the terms
thereof, please refer to the Prospectus, which is available under
the Company’s profile on SEDAR at www.sedar.com. The units are
being offered under the Prospectus in all provinces of Canada.
About PyroGenesis Canada
Inc.
PyroGenesis Canada Inc., a high-tech company, is
a leader in the design, development, manufacture and
commercialization of advanced plasma processes and products. The
Company provides its engineering and manufacturing expertise and
its turnkey process equipment packages to customers in the defense,
metallurgical, mining, advanced materials (including 3D printing),
and environmental industries. With a team of experienced engineers,
scientists and technicians working out of its Montreal office and
its 3,800 m2 manufacturing facility, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. The Company’s core competencies
allow PyroGenesis to provide innovative plasma torches, plasma
waste processes, high-temperature metallurgical processes, and
engineering services to the global marketplace. PyroGenesis’
operations are ISO 9001:2015 and AS9100D certified. For more
information, please visit www.pyrogenesis.com.
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words “may”, “plan”, “will”, “estimate”,
“continue”, “anticipate”, “intend”, “expect”, “in the process” and
other similar expressions which constitute “forward- looking
information” within the meaning of applicable securities laws.
Forward-looking statements reflect the Company’s current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, the
closing and timing of the Company’s public offering. Such
statements reflect the current views of the Company with respect to
future events and are subject to certain risks and uncertainties
and other risks detailed from time-to-time in the Company’s ongoing
filings with the securities regulatory authorities, including under
“Risk Factors” in the Company’s most recent annual information
form, which filings can be found under the Company’s profile at
www.sedar.com, or at www.otcmarkets.com. Actual results, events,
and performance may differ materially. Readers are cautioned not to
place undue reliance on these forward-looking statements. The
Company undertakes no obligation to publicly update or revise any
forward- looking statements either as a result of new information,
future events or otherwise, except as required by applicable
securities laws. Neither the TSX Venture Exchange, its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) nor the Toronto Stock Exchange nor the OTCQB
accepts responsibility for the adequacy or accuracy of this press
release.
SOURCE PyroGenesis Canada Inc. For further
information please contact: Rodayna Kafal, Vice President, Investor
Relations and Strategic Business Development, Phone: (514)
937-0002, E-mail: ir@pyrogenesis.comRELATED LINK:
http://www.pyrogenesis.com/
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