08:06 AM EDT, 10/14/2025 (MT Newswires) -- PyroGenesis ( PYRGF ) over the Canada Thanksgiving holiday weekend said an incorrect online post by a current board member stating that its ongoing private placement had been oversubscribed, has been taken down.

The online post was made on the night of Friday Oct. 10 and contained publicly-released details about the private placement. It also stated that "... (the private placement) has been oversubscribed bringing in between $7.5-$8.0 million to the company...".

Pyrogenesis ( PYRGF ) aims to raise up to $5 million from the financing and confirms that the private placement is not officially oversubscribed. The first tranche of the first unit group of the private placement, is expected to be completed during the upcoming week.