PyroGenesis Announces Closing of Brokered Private Placement of Convertible Debenture Units, Including Participation by CEO

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Last update: Jul 22, 2023

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MONTREAL, July 21, 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 closed its previously announced “best-efforts” brokered private placement offering (the “Offering”) of 3,030 unsecured convertible debenture units of the Company (the “Convertible Debenture Units”) at a price of C$1,000 per Debenture Unit, for aggregate gross proceeds of C$3,030,000. In connection with the Offering, P. Peter Pascali, President, CEO, and Director subscribed for C$2,000,000 of Convertible Debenture Units. The Offering was led by Research Capital Corporation as the sole agent and sole bookrunner (the “Agent”).