Aduro Announces Results Of 2021 Annual General Meeting

Rhea-AI Summary

Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) held its 2021 Annual General Meeting on November 29, 2021, in Toronto. Shareholders approved all resolutions outlined in the management circular dated October 28, including:

• Election of directors: Chris Parr, Peter Kampian, William Marcus Trygstad, and Ofer Vicus.
• Appointment of DeVisser Gray LLP as auditors for fiscal year ending May 31, 2022.
• Approval of the amended incentive stock option plan with 99.93% approval.

Overall, 46.30% of common shares were voted, reflecting strong shareholder engagement.

Positive

• All resolutions passed at the AGM with overwhelming approval.
• Election of four directors was unanimous, indicating strong support from shareholders.
• Appointment of reputable auditors reflects good governance practices.

Negative

• None.

SARNIA, ON / ACCESSWIRE / November 29, 2021 / Aduro Clean Technologies Inc. ("Aduro", or the "Company") (CSE:ACT) (OTCQB:ACTHF) (FSE:9D50), a Canadian developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, announces the results of its 2021 Annual and Special Meeting ("AGM") of shareholders held on Monday, November 29, 2021, in Toronto, Canada.

Shareholders approved all the resolutions detailed in the management information circular of the Company dated October 28, 2021, namely:

• setting the number of directors of the Company at 4;
• electing Chris Parr, Peter Kampian, William Marcus Trygstad and Ofer Vicus as directors of the Company;
• appointing DeVisser Gray LLP, Chartered Professional Accountants, as the auditors of the Company for the fiscal year ending May 31, 2022 and authorizing the directors of the Company to fix the remuneration to be paid to the auditors for the fiscal year ending May 31, 2022; and
• ratifying, confirming and approving the Company's amended and restated incentive stock option plan.

A total of 16,442,117 common shares of the Company were voted at the AGM, representing 46.30% of the issued and outstanding common shares of the Company, with the following results:

Resolution	Votes For	Votes Against	Votes Withheld
Setting number of directors at 4	100%	-	-
Elect ChrisParr as director	100%	-	-
Elect PeterKampian as director	100%	-	-
Elect William Marcus Trygstad as director	99.99%	-	0.01%
Elect Ofer Vicus as director	99.99%	-	0.01%
Appointment of auditors	100%	-	-
Approval of Company's amended and restated incentive stock option plan*	99.93%	0.07%-	-

* results include only votes of disinterested shareholders

About Aduro Clean Technologies

Aduro Clean Technologies Inc. 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. With funding and support from Bioindustrial Innovation Canada, the Company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil.

For further information, please contact:

Ofer Vicus, CEO
ovicus@adurocleantech.com

Craig MacPhail, Investor Relations
ir@adurocleantech.com
+1 604-362-7011

The CSE has not reviewed, approved, or disapproved the content of this news release.

SOURCE: Aduro Clean Technologies Inc.

View source version on accesswire.com:
https://www.accesswire.com/675064/Aduro-Announces-Results-Of-2021-Annual-General-Meeting

FAQ

What were the results of Aduro Clean Technologies' AGM held on November 29, 2021?

All resolutions were approved, including the election of four directors and appointment of auditors.

Who were elected as directors during Aduro Clean Technologies' AGM?

Chris Parr, Peter Kampian, William Marcus Trygstad, and Ofer Vicus were elected as directors.

What percentage of shares were voted at Aduro Clean Technologies' AGM?

A total of 46.30% of common shares were voted at the AGM.

What was the approval rate for the amended incentive stock option plan at Aduro Clean Technologies' AGM?

The amended incentive stock option plan was approved with 99.93% of votes in favor.