PyroGenesis Receives Final Approval to Graduate to the Toronto Stock Exchange
November 18 2020 - 5:58PM
PyroGenesis Canada Inc. (http://www.pyrogenesis.com) (TSX-V: PYR)
(OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the "Company", the
“Corporation” or "PyroGenesis") that designs, develops,
manufactures and commercializes plasma atomized metal powder,
plasma waste-to-energy systems and plasma torch products, is
pleased to announce that it has received final approval from the
Toronto Stock Exchange (“TSX”) to graduate from the TSX Venture
Exchange (“TSXV”) and list its common shares (“Common Shares”) on
the TSX.
The Company’s Common Shares will be listed for
trading on the TSX at the opening of markets on Friday, November
20, 2020 under its current trading symbol “PYR”. In connection with
the listing of the Common Shares on the TSX, the last day of
trading on the TSXV will be Thursday, November 19, 2020 and the
Common Shares will be delisted from the TSXV effective as of the
commencement of trading on the TSX. Shareholders will not be
required to take any action in connection with the graduation and
listing on the TSX.
“It is indeed a pleasure to be able to announce
today that PyroGenesis is uplisting to the most senior exchange in
Canada, the TSX, this Friday. We are very pleased to announce this
significant achievement for PyroGenesis that confirms our
development and growth as a company. I want to take this
opportunity to thank the team at PyroGenesis, as well as the
professionals who guided us; particularly our legal advisors,” said
Mr. Peter Pascali, CEO and Chair of PyroGenesis. “We also would
like to thank the TSXV for providing us with the platform to grow
into the Company we are today, and attract a solid stable of
investors. It is important to recognize that a platform, be it the
TSXV or the TSX, is only part of the equation. The PyroGenesis
team, technologies, as well as the solid base of business, and
business relationships we have developed, while on the TSXV, are
well suited for this graduation.”
“We look forward to this uplisting and the
additional credibility that the Company will gain by trading on the
most significant stock exchange in Canada, which is also one of the
largest in North America1,” added Ms. Rodayna Kafal, VP IR &
Comms. and Director of PyroGenesis. “We anticipate that this step
change will provide PyroGenesis with greater visibility in the
marketplace and access to a broader and more diverse range of
international and institutional investors.”
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 Corporation'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, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Corporation with respect to future events and are
subject to certain risks and uncertainties and other risks detailed
from time-to-time in the Corporation's ongoing filings with the
securities regulatory authorities, which filings can be found 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
Corporation 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 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,
IR/Comms. and Strategic BDPhone: (514) 937-0002, E-mail:
ir@pyrogenesis.comRELATED LINK: http://www.pyrogenesis.com/
____________________
1 https://www.investopedia.com/terms/t/toronto-stock-exchange-tsx.asp#:~:text=Established%20in%201852%20and%20owned,significant%20stock%20exchange%20in%20Canada
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