Aduro Clean Technologies Issues Shares and Warrants in $3 Million Over-Allotment Option
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Aduro Clean Technologies Inc. has issued an additional 260,869 common shares and warrants for 130,434 common shares, raising approximately $3 million following the full exercise of the underwriter’s over-allotment option by D. Boral Capital LLC. The proceeds will be used for constructing a Demonstration-Scale Plant, ongoing R&D, general corporate purposes, and working capital. Each warrant is exercisable at $16.00 per share and expires in three years.
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