Aduro Clean Technologies Presents at CEM Scottsdale Capital Event

Rhea-AI Summary

Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) has announced its participation in the 11th Annual Scottsdale Capital Event from April 14-16, 2023, where it will engage with investors. The company has made considerable progress in its Hydrochemolytic™ Technology, closing a non-brokered private placement of $3.92 million and entering the commissioning phase of its pilot-scale continuous flow plastic reactor. Aduro has formed a partnership with Chemelot Innovation and Learning Labs and is committed to promoting a circular economy for plastics. The company has also hired Common Cents Media for marketing services at a cost of $15,000 for six months. CEO Ofer Vicus expressed optimism about the company’s growth and sustainable initiatives in the plastic industry.

Positive

• Closed a $3.92 million private placement, enhancing liquidity.
• Initiated commissioning of pilot-scale continuous flow plastic reactor.
• Partnership with Chemelot Innovation and Learning Labs to promote circular economy.

Negative

• None.

SARNIA, Ontario, April 11, 2023 (GLOBE NEWSWIRE) -- 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 to transform heavy crude and renewable oils into new-era resources and higher-value fuels, announced today that it will participate in the 11^th Annual Scottsdale Capital Event hosted by Capital Event Management (“CEM”) at the Fairmont Scottsdale Princess Resort in Scottsdale, Arizona from April 14 – 16^th, 2023. During the event, Aduro will conduct one-on-one meetings with interested investors and other stakeholders.

Aduro has achieved significant progress in advancing its Hydrochemolytic™ Technology platform over the past few months. The Company has taken crucial steps in securing its development by closing a non-brokered private placement for $3.92 million in gross proceeds and initiating the commissioning phase of the pilot-scale continuous flow plastic reactor. Additionally, the Company has fostered a valuable partnership with Chemelot Innovation and Learning Labs and has joined the Chemistry Industry Association of Canada, demonstrating the Company's commitment to promoting a circular economy for plastics.

“Our progress over the past few months has been incredibly encouraging. We're thrilled to be participating in the CEM Scottsdale Capital Event and to have the opportunity to showcase our achievements and discuss our future plans with investors. With the support of our partners and shareholders, we're well-positioned and driven to continue our growth in 2023 and beyond,” said Ofer Vicus, CEO of Aduro. “Our mission to revolutionize the plastic industry through sustainable and environmentally friendly solutions remains at the forefront of everything we do, and we're excited to share our progress and future plans with the investment community.”

Further, the Company announces that it has engaged Common Cents Media, Social Purpose Corporation of Gig Harbor, WA, to provide marketing services through social media channels and online media distribution for an initial term of six months to commence on April 10, 2023, and on a month to month basis thereafter, pursuant to an agreement dated April 10, 2023, in consideration of USD $15,000 for the initial six-month term and for mutually agreed upon deliverables on a monthly basis thereafter.

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.

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™ 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, CEO
ovicus@adurocleantech.com

Abe Dyck, Investor Relations
ir@adurocleantech.com
+1 604-362-7011

Investor Cubed Inc.
Neil Simon, CEO
nsimon@investor3.ca
+ 1 647 258 3310

Forward-Looking Statements

This 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. 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 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/c9754aba-8435-431e-9cdb-39bab6aef52e 

FAQ

What is Aduro Clean Technologies’ stock symbol?

Aduro Clean Technologies trades under the stock symbol ACTHF on OTCQB.

When is Aduro Clean Technologies participating in the Scottsdale Capital Event?

Aduro Clean Technologies will participate in the Scottsdale Capital Event from April 14-16, 2023.

What progress has Aduro made with its Hydrochemolytic™ Technology?

Aduro has advanced its Hydrochemolytic™ Technology by securing funding and beginning the commissioning phase of its pilot-scale reactor.

How much did Aduro raise in its recent private placement?

Aduro Clean Technologies raised $3.92 million in its recent non-brokered private placement.

Who is providing marketing services to Aduro Clean Technologies?

Aduro Clean Technologies has engaged Common Cents Media for marketing services.