PyroGenesis Canada Inc. (PYR)

PyroGenesis Announces Minimum $7.5 Million Private Placement of Units, Including Concurrent Placement to CEO

PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (the "Company" or "PyroGenesis") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead agent (the "Lead Agent"), in connection with a reasonable "best efforts" private placement of a minimum of 5,000,000 units and a maximum of 10,000,000 units of the Company (the "Units") from treasury at a price of $1.00 per Unit (the "Issue Price") for gross proceeds of a minimum of