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News  ›  GlobeNewswire Inc.

Aduro Clean Technologies Announces Closing of US$20 Million Underwritten Public Offering

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Aduro Clean Technologies Announces Closing of US$20 Million Underwritten Public Offering

Aduro Clean Technologies successfully closed an underwritten public offering of 1.74 million common shares and accompanying warrants, raising approximately US$20 million in gross proceeds. The company plans to use the net proceeds for construction of its Demonstration-Scale Plant and ongoing research and development. D. Boral Capital LLC served as lead underwriter.

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ADUR   positive

The company successfully closed a US$20 million public offering, demonstrating investor confidence and securing capital for advancing its demonstration-scale plant construction. This represents progress in commercializing its clean technology platform for chemical recycling and oil conversion.