PyroGenesis Announces Non-Brokered Private Placement
PyroGenesis (OTCQX: PYRGF) has announced a non-brokered private placement consisting of two unit groups, which has received conditional approval from the Toronto Stock Exchange. The First Unit Group will issue 6,666,665 units at $0.63 per unit, totaling approximately $4.2 million, with CEO P. Peter Pascali expected to invest about $4 million.
The Second Unit Group will issue 4,000,000 units at $0.20 per unit, raising approximately $800,000. Both groups include warrants with different terms and exercise prices. The proceeds will be used for working capital and general corporate purposes, subject to TSX's final approval.
PyroGenesis (OTCQX: PYRGF) ha annunciato un collocamento privato non intermedio composto da due gruppi di unità, che ha ricevuto l'approvazione condizionale dalla Toronto Stock Exchange. Il Primo Gruppo di Unit emetterà 6.666.665 unità a $0,63 per unità, per un totale di circa $4,2 milioni, con l'amministratore delegato P. Peter Pascali previsto investire circa $4 milioni.
Il Secondo Gruppo di Unit emetterà 4.000.000 unità a $0,20 per unità, raccogliendo circa $800.000. Entrambi i gruppi includono warrant con termini e prezzi di esercizio differenti. I proventi saranno utilizzati per capitale circolante e scopi generali aziendali, soggetti all'approvazione finale della TSX.
PyroGenesis (OTCQX: PYRGF) ha anunciado una colocación privada no asesorada por intermediarios que consiste en dos grupos de unidades, y ha recibido aprobación condicional de la Bolsa de Toronto. El Primer Grupo de Unidades emitirá 6.666.665 unidades a $0,63 por unidad, para un total de aproximadamente $4,2 millones, con el CEO P. Peter Pascali previsto invertir alrededor de $4 millones.
El Segundo Grupo de Unidades emitirá 4.000.000 de unidades a $0,20 por unidad, recaudando aproximadamente $800,000. Ambos grupos incluyen warrants con diferentes términos y precios de ejercicio. Los fondos se utilizarán para capital de trabajo y fines corporativos generales, sujetos a la aprobación final de la TSX.
파이로제네시스(PyroGenesis, OTCQX: PYRGF)가 중개인 없이 진행되는 비공개 배정을 발표했으며 토론토 증권거래소의 조건부 승인을 받았습니다. 첫 번째 유닛 그룹은 유닛 6,666,665개를 유닛당 $0.63에 발행하여 총액 약 $4.2백만 달러가 되며 CEO P. Peter Pascali가 약 $4백만을 투자할 예정입니다.
두 번째 유닛 그룹은 4,000,000개의 유닛을 유닛당 $0.20에 발행해 약 $800,000를 조달합니다. 두 그룹 모두 서로 다른 조건과 행사 가격이 포함된 신호권(와런트)을 포함합니다. 수익은 운전자본과 일반 기업 목적에 사용될 예정이며, 최종 승인은 TSX의 승인 여부에 달려 있습니다.
PyroGenesis (OTCQX: PYRGF) a annoncé un placement privé non intermédiaire composé de deux groupes d'unités, qui a reçu l'approbation conditionnelle de la Bourse de Toronto. Le Premier Groupe d'Unités émettra 6 666 665 unités à $0,63 par unité, soit un total d'environ $4,2 millions, le PDG P. Peter Pascali devant investir environ $4 millions.
Le Deuxième Groupe d'Unités émettra 4 000 000 d'unités à $0,20 par unité, levant environ $800 000. Les deux groupes comprennent des warrants avec des termes et des prix d'exercice différents. Le produit sera utilisé pour le fonds de roulement et les besoins généraux de l'entreprise, sous réserve de l'approbation finale de la TSX.
PyroGenesis (OTCQX: PYRGF) hat eine nicht-brokerierte Privatplatzierung angekündigt, die aus zwei Unitätengruppen besteht und von der Toronto Stock Exchange bedingte Zustimmung erhalten hat. Die erste Unitausgabe wird 6.666.665 Einheiten zu $0,63 pro Einheit emittieren, was insgesamt rund $4,2 Millionen entspricht, wobei CEO P. Peter Pascali voraussichtlich etwa $4 Millionen investieren wird.
Die zweite Einheitengruppe wird 4.000.000 Einheiten zu $0,20 pro Einheit ausgeben und etwa $800.000 beschaffen. Beide Gruppen enthalten Warrants mit unterschiedlichen Laufzeiten und Ausübungspreisen. Die Einnahmen dienen dem Betriebskapital und allgemeinen Unternehmenszwecken, vorbehaltlich der endgültigen Genehmigung durch die TSX.
بايرو جينس (OTCQX: PYRGF) أعلنت عن طرح خاص غير وسيط يتكون من مجموعتين من الوحدات، وقد حصل على موافقة شرطية من بورصة تورنتو. ستصدر المجموعة الأولى من الوحدات 6,666,665 وحدة بسعر $0.63 للوحدة، بإجمالي يقرب من $4.2 مليون دولار، مع توقع استثمار الرئيس التنفيذي P. Peter Pascali نحو $4 ملايين.
ستصدر المجموعة الثانية من الوحدات 4,000,000 وحدة بسعر $0.20 للوحدة، جاذبة نحو $800,000. كلا المجموعتين يتضمن ورن츠 (عقود شراء مستقبلية) بشروط وأسعار تنفيذ مختلفة. ستستخدم العوائد لتوفير رأس المال العامل ولأغراض الشركة العامة، رهناً بموافقة نهائية من TSX.
PyroGenesis (OTCQX: PYRGF) 已宣布一项非经纪人私人配售，由两组单位组成，已获得多伦多证券交易所的条件批准。第一组单位将以$0.63/单位发行6,666,665单位，总额约为$4.2百万美元，首席执行官P. Peter Pascali预计将投资约$4百万。
第二组单位将以$0.20/单位发行4,000,000单位，募集约为$800,000。两组均包括具有不同条款和行使价格的认股权证。所得资金将用于营运资金和一般企业用途，须经TSX最终批准。
- CEO shows strong confidence by investing approximately $4 million personally
- Total potential funding of approximately $5 million to strengthen working capital
- 48-month warrant term for First Unit Group provides long-term upside potential
- Significant dilution to existing shareholders through issuance of up to 10.67 million new shares
- Substantial discount to market price in Second Unit Group at $0.20 per unit
- Multiple closing tranches may create market uncertainty
Company’s CEO expected to invest approximately
MONTREAL, Oct. 01, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), the leader in innovating for ultra-high temperature processes and engineering, and a technology provider to heavy industry & defense, announces today that it intends to complete a non-brokered private placement (the “Private Placement”), which has been conditionally approved by the Toronto Stock Exchange (“TSX”).
The Private Placement consists of two Unit Groups:
- First Unit Group: The issuance and sale of 6,666,665 units at a price of
$0.63 per unit, for aggregate gross proceeds of$4,199,999. Each unit consists of one common share of the Company (a “Common Share”) and one common share purchase warrant. Each warrant entitles the holder to purchase one Common Share at a price of$0.28 for a period of forty-eight (48) months following the closing date. It is expected that the CEO will subscribe for the majority, if not all, of this Unit group. - Second Unit Group: The issuance and sale of 4,000,000 units at a price of
$0.20 per unit, for approximate gross proceeds of$800,000. Each warrant under this group entitles the holder to purchase one Common Share at a price of$0.40 for a period of twenty-four (24) months following the closing date.
The closings of both Unit Groups are expected to occur in up to three (3) tranches each.
The Common Shares and warrants issued in connection with the Private Placement, and the Common Shares underlying the warrants, will be subject to a statutory hold period of four months and one day from the date of closing, in accordance with applicable securities legislation.
Among the interested participants, P. Peter Pascali, the President and CEO of PyroGenesis, intends to directly subscribe for approximately
PyroGenesis intends to use the proceeds of the Private Placement for working capital and general corporate purposes.
The Private Placement remains subject to the TSX’s final approval, as well as other customary closing conditions.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States, unless an exemption from such registration is available.
About PyroGenesis Inc.
PyroGenesis leverages 30 years of plasma technology leadership to deliver advanced engineering solutions to energy, propulsion, destruction, process heating, emissions, and materials development challenges across heavy industry and defense. Its customers include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military, and government. From its Montreal headquarters and local manufacturing facilities, PyroGenesis’ engineers, scientists, and technicians drive innovation and commercialization of energy transition and ultra-high temperature technology. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified, with ISO certification maintained since 1997. PyroGenesis’ shares trade on the TSX (PYR), OTCQX (PYRGF), and Frankfurt (8PY1) stock exchanges
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.
Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.
For further information contact ir@pyrogenesis.com or visit http://www.pyrogenesis.com
FAQ
How much is PyroGenesis (PYRGF) raising in their private placement?
How much is the CEO of PyroGenesis investing in the private placement?
What are the warrant terms for PyroGenesis's private placement?
What will PyroGenesis use the private placement proceeds for?
How long is the holding period for PyroGenesis private placement securities?
