Penny value stock extends capital runway with $1.25 million loan | 2023-12-21 | Investing News

Date:

  • PyroGenesis Canada, an attractive penny value stock, has closed a C$1.25 million non-brokered private placement composed of a convertible loan with Fiducie de Crédit Mellon Trust, a related party
  • The company intends to use the proceeds for working capital and general corporate purposes
  • PyroGenesis Canada specializes in the design, development, manufacturing and commercialization of advanced plasma processes and sustainable solutions to reduce greenhouse gases
  • PyroGenesis Canada stock (TSX:PYR) has given back 56.45 per cent year-over-year, but only 26.36 per cent since 2018

PyroGenesis Canada (TSX:PYR), an attractive penny value stock, has closed a C$1.25 million non-brokered private placement composed of a convertible loan with Fiducie de Crédit Mellon Trust, a related party.

PyroGenesis intends to use the proceeds for working capital and general corporate purposes.

The loan bears an attractive…

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