^LONDON, Ontario, June 16, 2026 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc.
(https://www.adurocleantech.com/?utm_source=AduroWebsite&utm_campaign=PR202&utm_
medium=PressRelease) (“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT)
(FSE: 9D5), a clean 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 has today
announced that the company following its previous announcement
dated June 10, 2026 via a non-brokered private placement of up to
471,698 common shares (the “Offered Shares”) at a price of $15.20
Dollars ($21.20 CAD) per share offered with gross proceeds of up to
US$7,169,810 (CAD$9,999,734) (the “LIFE Offer”) a modified and new
drafted offering document (the?amended and recast LIFE-
Prospectus”) following the completion of its guaranteed public offering
(https://investors.adurocleantech.com/press-releases/press-releases-
details/2026/Aduro-Clean-Technologies-Announces-Closing-15-54-Million-
Underwritten Public
Offering/default.aspx?utm_source=Aduro%20Closes%20Public%20Offering&utm_campaign
=PR202&utm_medium=PressRelease), as announced on June 11, 2026 (the
“public offering”), in accordance with applicable securities laws
submitted.
The LIFE Offer is expected to launch on or about June 19, 2026 or at a
completed at another time specified by the Company, subject to
applicable securities regulations and Toronto Stock policies
Exchange (“TSX”). All other terms and conditions of the LIFE Offer remain the same
that previously published in the Company’s announcement dated June 10, 2026
Conditions unchanged.
The amended and recast LIFE issue prospectus is in the profile of
Company on SEDAR+ at www.sedarplus.ca (http://www.sedarplus.ca/) and
on the Company’s website at www.adurocleantech.com
(http://www.adurocleantech.com/) available. Potential investors should
read the amended and revised LIFE offering prospectus before submitting a
Make investment decision.
The company assumes that members of the board of directors and/or the
Company management may participate in the LIFE offer
become; However, there is currently no corresponding obligation or agreement
with a board member or a member of the management team
company. Any participation by insiders in the LIFE Offer constitutes a
“Transaction with related parties” within the meaning of the Multilateral Instrument
61-101 – Protection of Minority Security Holders in Special Transactions (?MI
61-101″). However, the Company believes that there are exceptions
of the requirements for a formal assessment and the consent of the
Minority shareholders can be appointed in accordance with MI 61-101, since neither the market value of the
LIFE shares (if any) subscribed by the insiders nor those of them
The consideration paid to insiders for the LIFE shares was 25%
Market capitalization of the Company as of the date of this press release
should exceed.
In connection with the LIFE offer, the company relies on the following
Exception provided for in Section 602.1 of the TSX Company Manual. Thereafter
the TSX does not apply its standards to specific transactions involving
Authorized issuers are involved that are listed on a recognized stock exchange
are. The TSX has conditionally approved the LIFE Offer. The final one
The LIFE Offer remains subject to approval by the TSX
the fulfillment of the usual conditions by the company.
This press release does not constitute an offer to sell
An invitation to make an offer to purchase securities. This
The securities described have not been and will not be issued under the US securities laws
of 1933 in its currently valid version and may be included in the
United States without registration or an appropriate exemption from the
Registration requirement cannot be offered or sold.
All amounts in this press release, unless otherwise stated, are in
US dollars reported. All stated in this press release
Currency conversions based on the Bank of Canada as of June 9, 2026
published exchange rate of 1 US dollar = 1.3947 Canadian dollars.
About Aduro Clean Technologies
Aduro Clean Technologies develops patented water-based technologies to
to chemically recycle plastic waste, heavy oil and bitumen into lighter,
to convert more valuable oil and renewable oils into higher quality fuels
or transform renewable chemicals. The Hydrochemolytic(TM) technology of the
Company is based on water as the most important active ingredient in a chemical
Platform operating at relatively low temperatures and costs. This
Groundbreaking approach transforms low-value raw materials into resources for the 21st century.
century around. Visit https://www.adurocleantech.com
(https://www.adurocleantech.com/)
For further information please contact:
Abe Dyck, Head of Corporate Development/Investor Relations
[email protected] (mailto:[email protected])
+1 226 784 8889
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of
applicable U.S. securities laws as well as?forward-looking
Information” within the meaning of the Canadian securities laws (collectively,
“forward-looking statements”). Forward-looking statements in this
Press releases include, among other things, statements about the LIFE offer,
including, but not limited to, its completion
expected completion date, the total amount to be raised, the
planned use of proceeds, receipt of final approval from the
TSX and other statements that are not historical facts.
Forward-looking statements are based on current expectations, estimates,
Management’s assumptions and estimates, including assumptions
regarding the ongoing market conditions, the receipt of all necessary
regulatory approvals on terms acceptable to the company and
the company’s business plans and operations. If in this
Press release terms such as “expect”, “intend”, “anticipate”,
“believe”, “could”, “will” and similar expressions should be used
to identify forward-looking statements. This
Forward-looking statements involve known and unknown risks,
Uncertainties and other factors that may lead to the
actual results or developments may differ materially from those stated in these
forward-looking statements expressed or implied
results may vary, including risks associated with the
the company’s operations and market conditions. These risks and
Uncertainties are discussed in more detail under the heading “Risk Factors” in
base prospectus, in the prospectus supplement and in other current documents
Disclosure described under the Company’s profile on SEDAR+
at www.sedarplus.ca (http://www.sedarplus.ca/) and on EDGAR
are available at www.sec.gov (http://www.sec.gov/). Forward-looking
Statements refer to the time of publication
press release, and the Company assumes no obligation to do so
update or revise any forward-looking statements unless:
this is required by applicable law.
You can find a photo accompanying this announcement
at https://www.globenewswire.com/NewsRoom/AttachmentNg/868390da-00c7-4901-
b145-9a08809f0e97
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