TechMediaBreaks – Aduro Clean Technologies Inc. (NASDAQ: ADUR) (CSE: ACT) (FSE: 9D5) Closes $20 Million Underwritten U.S. Public Offering
This article has been disseminated on behalf of Aduro Clean Technologies Inc. and may include paid advertising. Aduro Clean Technologies (NASDAQ: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using chemistry-based processes to convert lower-value feedstocks such as waste plastics, heavy bitumen and renewable oils into higher-value resources, announced the closing of its underwritten U.S. public offering of 1,739,130 common shares with accompanying warrants to purchase 869,565 common shares for gross proceeds of approximately $20 million before underwriting discounts and offering expenses. The offering included one-half warrant per common share, with each whole warrant exercisable immediately at $16.00 per share and expiring three years from issuance. D. Boral Capital LLC acted…