Aduro Clean Technologies Engages Crystal Research Associates to Provide Marketing and Investor Relations Services
January 30 2024 - 7:00AM
Aduro Clean Technologies Inc.
(“
Aduro” or the “
Company”) (CSE:
ACT) (OTCQX:
ACTHF) (FSE:
9D50), a Canadian technology company using the
power of chemistry to transform lower value feedstocks, like waste
plastics, heavy bitumen, and renewable oils, into resources for the
21st century, announces that it has entered into a marketing and
consulting agreement with Crystal Research Associates, LLC.
The Company announces that is has entered into a
marketing and consulting agreement (the “CRA
Agreement”) with an arm’s length investment research and
analysis firm, Crystal Research Associates, LLC (“Crystal
Research Associates”) of New York City, New York, to
create and distribute an Executive Informational Overview and
Quarterly Updates on the Company through Crystal Research
Associates’ social media channels and online media
distribution.
For over twenty years, Crystal Research
Associates has successfully articulated the exceptional stories of
small- and mid- cap companies to the Wall Street investor
community. Through time-tested, well-established methods, Crystal
Research Associates communicates objective, heavily researched,
factual information for both institutional and retail audiences.
This information is distributed through an expansive line of
channels, which include industry-leading financial data and
information providers, in tandem with highly targeted digital media
portals, which collectively target millions of readers. Crystal
Research Associates’ research is available to investor audiences
via Capital IQ (A Division of Standard and Poor’s), Thomson
Reuters, Bloomberg, FactSet, AlphaSense, as well as its website and
networks, among other means and modalities. Crystal Research
Associates further leverages LinkedIn and other relevant media
platforms to gain increased exposure for its clients.
In connection with the CRA Agreement, for a term
of two years starting on February 1, 2024, Aduro will pay Crystal
Research Associates an aggregate cash fee of US$90,000 plus
applicable taxes, of which US$35,000 was paid upon the execution of
the CRA Agreement, US$15,000 will be paid three months after
commencement of services, and US$40,000 will be paid on February 1,
2025. Aduro also granted Crystal Research Associates 300,000 stock
options of the Company. The options vested immediately upon grant
and are exercisable at a price of C$1.28 for a period of 24 months.
Crystal Research Associates does not own any shares of the Company
as of the date hereof and has no direct relationship with the
Company other than as set out in this press release.
The engagement of Crystal Research Associates is
aimed to increase the visibility of Aduro’s developing technologies
in the United States and Internationally.
None of the securities acquired upon exercise of
the stock options issued by the Company will be registered under
the United States Securities Act of 1933, as amended (the “1933
Act”), and none of them may be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the 1933 Act. This news
release shall not constitute an offer to sell or a solicitation of
an offer to buy nor shall there be any sale of the securities in
any state where such offer, solicitation, or sale would be
unlawful.
About Aduro Clean
TechnologiesAduro 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, CEOovicus@adurocleantech.com
Abe Dyck, Investor
Relationsir@adurocleantech.com+1 604-362-7011
ArrowheadThomas Renaud, Managing
Directorenquire@arrowheadbid.com+1 212 619 6889
Forward-Looking StatementsThis
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. In this release, the forward looking
statements include, but are not limited to, expectations regarding
the implementation of marketing and investor relations services of
Crystal Research Associates; and, in particular, the anticipated
effects of the proposed marketing services, including increased
awareness of the Company and its developing technologies in the
United States and internationally. 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, but are not limited to, the
marketing services not being provided as anticipated, the delivery
of such services not resulting in the anticipated results, 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/0e23a040-df86-4dee-95df-5884d8191ef4
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