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 as lead underwriter, with Roth Capital Partners serving as financial advisor, and Aduro said it intends to use the net proceeds primarily to support construction of its Demonstration-Scale Plant, along with research and development, general corporate purposes and working capital.

To view the full press release, visit https://ibn.fm/ruLTw

About Aduro Clean Technologies

Aduro 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(TM) Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.

For more information, visit, https://www.adurocleantech.com/

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