PyroGenesis Amends Terms of Brokered Private Placement of Convertible Debenture Units, Including Participation by CEO

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MONTREAL, July 10, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (“PyroGenesis” or the “Company”), is pleased to announce that it has amended certain terms of its previously announced “best-efforts” brokered private placement offering (the “Offering”) led by Research Capital Corporation as the sole agent and sole bookrunner (“Agent”), of up to 5,000 unsecured convertible debenture units of the Company (the “Convertible Debenture Units”) at a price of C$1,000 per Debenture Unit, for gross proceeds of up to C$5,000,000. In connection with the Offering, P. Peter Pascali, President, CEO, and Director intends to subscribe for up to C$2,000,000 of Convertible Debenture Units.

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