Aduro Clean Technologies Inc.
(“
Aduro” or the “
Company”) (CSE:
ACT) (OTCQX:
ACTHF) (FSE:
9D50), a Canadian technology company using the
power of chemistry to transform lower value feedstocks, like waste
plastics, heavy bitumen, and renewable oils, into resources for the
21st century, announces that it will participate in the 10th Annual
CEM AlphaNorth Capital Event in Nassau, Bahamas from January 19-21,
2024 hosted by Capital Event Management Ltd
(“CEM”). During the event, Aduro will conduct
one-on-one meetings with interested investors and other
stakeholders. The Company has also extended its engagement with
Arrowhead Business and Investment Decisions, LLC
(“
Arrowhead”), originally announced on May 4,
2023, regarding the provision of investor relations services to the
Company.
The Company is pleased to be participating in
the CEM AlphaNorth Capital Event and to have the opportunity to
showcase its recent achievements and discuss future plans with
investors. Aduro’s mission of unlocking significant value from its
technology platforms and to revolutionize the plastic industry
through sustainable and environmentally friendly solutions remains
at the forefront of everything we do, and the Aduro team is
thrilled to share our progress and future plans with the investment
community.
The Company is also pleased to announce that it
has extended its marketing and investor relations agreement with
Arrowhead. Arrowhead will provide services for a renewed term
starting January 1, 2024, and ending June 30, 2024. This renewed
term will be automatically extended for successive six-month terms,
subject to earlier termination by 30 days’ written notice from
either party. Cash compensation for the services during the renewed
term will be US$50,000, with US$25,000 payable on the renewal date
of the agreement and US$25,000 payable after three months.
Arrowhead is not related to the Company and has no interest,
directly or indirectly, in the Company or its securities.
Arrowhead will continue to advise Aduro on its
international capital markets strategy work closely with Aduro to
develop and deploy a comprehensive international investor marketing
program, which will include featuring the Company on the arrowhead
platform, the publication of independent analysis, investor
targeting, corporate disclosure distribution, non-deal roadshows,
reporting and strategic advisory. The marketing services will occur
on the Arrowhead social media channels and
arrowhead.bid platform.
About Capital Event Management
Ltd. Capital Event Management Ltd, (“CEM”) is a leading
provider of opportunities for small-cap investment advisors,
portfolio managers, institutional investors, and high-net-worth
individuals to connect with emerging companies looking to raise
capital and gain open-market support. With over 10 years of
experience in curating an exclusive investor database and a
partner's fund at CEM Capital, the company has done the legwork to
make it easy for clients to build relationships that can make a
difference. The five-pillared approach at CEM includes a partner's
fund, destination events, virtual meetings, executive consulting,
and advisory services, all curated to provide valuable experiences
that connect capital with opportunity.
Arrowhead Business and Investment
Decisions, LLCArrowhead Business and Investment Decisions
LLC., (“Arrowhead”) is headquartered in New York City and was
founded in 2008. Arrowhead advises public companies on investor
relations, financial communications, and capital markets
strategies. As a cross-border specialist, Arrowhead provides idea
generation, insight, and corporate access to an international
network of institutional and private investors. Through targeting,
research and interactions, Arrowhead helps corporations and
investors to evaluate opportunities, connect, exchange information,
and transact.
About Aduro Clean
TechnologiesAduro Clean Technologies is a developer of
patented water-based technologies to chemically recycle waste
plastics; convert heavy crude and bitumen into lighter, more
valuable oil; and transform renewable oils into higher-value fuels
or renewable chemicals. The Company’s Hydrochemolytic™ technology
activates unique properties of water in a chemistry platform that
operates at relatively low temperatures and cost, a game-changing
approach that converts low-value feedstocks into 21st-century
resources.
For further information, please
contact:
Ofer Vicus, CEOovicus@adurocleantech.com
Abe Dyck, Investor
Relationsir@adurocleantech.com+1 604-362-7011
ArrowheadThomas Renaud, Managing
Directorenquire@arrowheadbid.com+1 212 619 6889
Forward-Looking StatementsThis
news release contains forward-looking statements. All statements,
other than statements of historical fact that address activities,
events, or developments that the Company believes, expects or
anticipates will or may occur in the future, are forward-looking
statements. The forward-looking statements reflect management’s
current expectations based on information currently available and
are subject to a number of risks and uncertainties that may cause
outcomes to differ materially from those discussed in the
forward-looking statements. In this release, the forward looking
statements include, but are not limited to, expectations regarding
the implementation of continued marketing and investor relations
services of Arrowhead; and, in particular, the anticipated effects
of the proposed marketing services, including increased awareness
of the Company and its developing technologies in the United States
and internationally. Although the Company believes that the
assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, undue reliance should not be put on
such statements due to their inherent uncertainty. Important
factors that could cause actual results to differ materially from
the Company’s expectations include, but are not limited to, the
marketing services not being provided as anticipated, the delivery
of such services not resulting in the anticipated results, adverse
market conditions and other factors beyond the control of the
parties. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by applicable law.
The CSE has not reviewed, approved, or
disapproved the content of this news release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/584db0a0-b635-477b-b14b-f3ac42e3caed.
Aduro Clean Technologies (TG:9D50)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
Aduro Clean Technologies (TG:9D50)
Historical Stock Chart
Von Sep 2023 bis Sep 2024