PyroGenesis Announces Non-Brokered Private Placement

Executive Summary

• PyroGenesis Inc. announced a conditionally TSX‑approved non‑brokered private placement consisting of two unit groups for an aggregate gross proceeds of approximately $5.0 million.
• The first unit group offers 6,666,665 units at $0.63 each (≈$4.2 M) with warrants exercisable at $0.28 per share for 48 months; the CEO intends to subscribe for the majority of this tranche.
• The second unit group offers 4,000,000 units at $0.20 each (≈$0.8 M) with warrants exercisable at $0.40 per share for 24 months. Proceeds will be used for working capital and general corporate purposes.

Key Details

• First Unit Group – 6,666,665 units @ $0.63/unit → gross proceeds ≈ $4,199,999.
• Each unit = 1 common share + 1 warrant (exercise price $0.28, 48‑month term).

• CEO P. Peter Pascali plans to subscribe for up to $4 M of this group.

• Second Unit Group – 4,000,000 units @ $0.20/unit → gross proceeds ≈ $800,000.

• Each unit = 1 common share + 1 warrant (exercise price $0.40, 24‑month term).

• Closing Structure: Both unit groups may be closed in up to three tranches each; all securities subject to a statutory hold period of four months and one day from closing.

• Use of Proceeds: Working capital and general corporate purposes.

• Regulatory Conditions: Subject to final TSX approval and customary closing conditions; securities not registered under U.S. securities laws.

Notable Quotes

(No CEO/President quotes were included in the release.)