^LONDON, Ontario, Jan. 17, 2024 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc.
(https://www.adurocleantech.com/?utm_source=AduroWebsite&utm_campaign=PR88&utm_m
edium=PressRelease) (“Aduro” or the “Company”) (CSE: ACT) (OTCQX: ACTHF)
(FSE: 9D50), a Canadian technology company that harnesses the power of chemistry
used to produce low-quality raw materials such as plastic waste, heavy bitumen and
Transforming Renewable Oils into 21st Century Resources Announces
that it was at the 10th annual CEM AlphaNorth Capital Event
(https://cem.ca/conference/alphanorth-capital-event-2024/) from 19th to 21st.
January 2024 in Nassau, Bahamas, hosted by Capital Event
Management Ltd (“CEM”). During the event, Aduro
Conduct individual discussions with interested investors and other stakeholders.
The company has also terminated its contract with Arrowhead Business and
Investment Decisions, LLC (“Arrowhead”), originally on May 4th
2023 (https://adurocleantech.com/news/aduro-clean-technologies-announces-
engagement-of-investor-relations-services-provider-arrowhead-
busi?utm_source=Arrowhead%20PR84&utm_campaign=PR101&utm_medium=PressRelease)
was announced and relates to the provision of investor relations services
provides services for the company.
The company is pleased to participate in the CEM AlphaNorth Capital Event and the
To have the opportunity to showcase his recent successes and future ones
Discuss plans with investors. Aduro’s mission, a significant one
Unlocking value from its technology platforms and the plastics industry
to revolutionize through sustainable and environmentally friendly solutions
continues to be at the forefront of our actions, and the Aduro team is pleased to
to share our progress and future plans with the investor community.
The Company is also pleased to announce that it has terminated its agreement
with Arrowhead on marketing and investor relations. Arrowhead
will provide its services for a further term from January 1, 2024 to
Offer June 30, 2024. The term is automatically extended each time
six months, unless one of the parties gives notice of 30
days in writing. The cash compensation for the services
during the extended term is 50,000 USD, with 25,000 USD per day
of the contract extension and $25,000 due after three months.
Arrowhead is not affiliated with or has any direct ownership interest in the Company
indirectly an interest in the company or its securities.
Arrowhead will continue to support Aduro in its international capital markets strategy
advise and work closely with Aduro to create a comprehensive international
Develop and implement marketing program for investors. These include the
Presentation of the company on the Arrowhead platform, the publication
independent analyses, the targeted approach of investors, the dissemination
of company information, roadshows outside of business transactions,
Reporting and strategic advice. The marketing services
will be posted on Arrowhead’s and the social media channels and platforms
Platform arrowhead.bid (https://arrowhead.bid/cnsx-act/) provided.
About Capital Event Management Ltd.
Capital Event Management Ltd (https://cem.ca/), (“CEM”) is a leading
Provider of opportunities for small cap investment advisors, portfolio managers,
institutional investors and high net worth individuals, with emerging
To get in touch with companies that are looking for capital and
support on the open market. With more than 10 years of experience in
maintaining an exclusive investor database and a partner fund at CEM
Capital, the company has done the groundwork to make it easy for customers
to build relationships that can make a difference. The five-column one
CEM’s approach includes a partner fund, target events, virtual
Meetings, leadership advice and advisory services, all on it
are aimed at providing valuable experiences that capitalize on opportunities
connect.
Arrowhead Business and Investment Decisions, LLC
Arrowhead Business and Investment Decisions LLC.,
(https://arrowheadbid.com/) (“Arrowhead”) is headquartered in New York City
and was founded in 2008. Arrowhead advises listed companies in the
areas of investor relations, financial communication and capital market strategies.
As a cross-border specialist, Arrowhead offers ideation, insights
and corporate access to an international network of institutional and
private investors. Supported by targeting, research and interaction
Arrowhead helps companies and investors evaluate opportunities, contacts
socialize, exchange information and carry out transactions.
About Aduro Clean Technologies
Aduro Clean Technologies develops patented water-based technologies to
Chemically recycle plastic waste, heavy crude oil and bitumen in
lighter, more valuable oil and renewable oils into higher quality fuels or
convert renewable chemicals. The Hydrochemolytic(TM) technology of the
Company activates the unique properties of water in one
chemical platform operating at relatively low temperatures and low cost
works – a pioneering approach that uses lower quality raw materials
Transforming 21st century resources.
For further information please contact:
Ofer Vicus, CEO
[email protected] (mailto:[email protected])
Abe Dyck, Investor Relations
[email protected] (mailto:[email protected])
+1 604-362-7011
Arrowhead
Thomas Renaud, Managing Director
[email protected] (mailto:[email protected])
(mailto:[email protected])+1 212 619 6889
Forward-Looking Statements
This press release contains forward-looking statements. All statements that
refers not to historical facts, but to activities, events or
Developments relate to the belief, expectation or forecast of the
According to the company, will or may occur in the future
forward-looking statements. The forward-looking statements reflect the
current expectations of the management, which are based on the current
based on available information. They are subject to a number of risks and
There are uncertainties that could cause actual results to vary
differ materially from those contained in the forward-looking statements
be presented. This press release contains forward-looking information
Statements include, among other things, expectations regarding the implementation of the continued
Arrowhead Marketing and Investor Relations Services and
in particular the expected effects of the proposed
Marketing services, including increasing awareness
of the company and its evolving technologies in the United States
States and internationally. Although the company believes that the
The assumptions underlying forward-looking statements are reasonable
Forward-looking statements are not guarantees of future performance, and
accordingly, due to the uncertainty involved, no
undue reliance can be placed on such statements. Important factors,
which could cause actual results to differ materially
Expectations of the company differ, among other things, that the marketing
Services are not provided as expected
Services do not lead to the expected results that are unfavorable
market conditions prevail and that other factors outside the
are under the control of the parties. The company has neither
express intention nor the obligation to make forward-looking statements
new information, future events or for other reasons
update or revise unless otherwise required by applicable law
is prescribed.
The CSE has not reviewed, approved or approved the contents of this press release
rejected.
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/584db0a0-b635-477b-
b14b-f3ac42e3caed.
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