PyroGenesis Announces Closing of Third Tranche of the Non-Brokered Private Placement for $904,083

Core Viewpoint - PyroGenesis Inc. has successfully closed a non-brokered private placement, raising a total of $5,226,083 through the sale of 14,185,969 units, which includes two unit groups [1][4]. Group 1: Private Placement Details - The private placement consisted of two unit groups, with the first group selling 5,555,556 units at a price of $0.63 per unit, generating gross proceeds of $3,500,000 [2]. - The second tranche of the second unit group issued 4,520,414 units at a price of $0.20 per unit, resulting in gross proceeds of $904,083, in addition to the first tranche of 4,110,000 units that raised $822,000 [3]. - In total, the two unit groups accounted for 14,185,969 units sold for gross proceeds of $5,226,083 [4]. Group 2: Use of Proceeds and Regulatory Approval - The proceeds from the private placement will be utilized for working capital and general corporate purposes [5]. - The private placement has received conditional approval from the TSX, pending final approval and customary closing conditions [5]. Group 3: Unit Group Structure - Each unit in the first group consists of one common share and one warrant, priced at $0.63, with the warrant allowing the purchase of a common share at $0.28 for 48 months [8]. - Each unit in the second group consists of one common share and one warrant, priced at $0.20, with the warrant allowing the purchase of a common share at $0.40 for 24 months [8].