P. Peter Pascali Updates Early Warning Report

MONTRÉAL, July 21, 2023 (GLOBE NEWSWIRE) -- P. Peter Pascali, President and Chief Executive Officer of PyroGenesis Canada Inc. (“PyroGenesis”), has filed an updated early warning report with respect to his shareholdings in PyroGenesis in connection with Mr. Pascali’s acquiring 2,000 convertible debenture units of PyroGenesis (the “Convertible Debenture Units”) at a price of $1,000.00 per Convertible Debenture Unit (the “Transaction”) under a brokered private placement of PyroGenesis that closed on July 21, 2023 (the “Closing Date”). Each Convertible Debenture Unit is comprised of $1,000.00 principal amount of 10.0% unsecured convertible debentures (each, a “Convertible Debenture”) and 1,000 warrants (each, a “Convertible Debenture Unit Warrant”) to purchase common shares of PyroGenesis (“Common Shares”).

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