Corporate ActionJun 25, 2026, 04:33 PM
Aduro Clean Technologies Closes C$9.16M LIFE Offering
AI Summary
Aduro Clean Technologies Inc. announced the closing of a non-brokered private placement, raising gross proceeds of C$9,155,940.80 (US$6,564,810.21). The company issued 431,884 common shares at C$21.20 per share under the LIFE Exemption. The funds are intended for technology development, commercialization activities, working capital, and general corporate purposes. Insiders, including the CEO and a director, participated in the offering.
Key Highlights
- Closed non-brokered private placement for C$9,155,940.80 (US$6,564,810.21).
- Issued 431,884 common shares at a price of C$21.20 (US$15.20) per share.
- Net proceeds will be used for technology development, commercialization, and working capital.
- Paid aggregate cash finder's fees of C$539,994.53.
- CEO Ofer Vicus participated, acquiring 2,360 shares for C$50,032.
- Director Peter Kampian participated, acquiring 5,000 shares for C$106,000.
- The Toronto Stock Exchange has conditionally approved the LIFE Offering.
Price Impact
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