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LONDON, Ontario, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (" Aduro ” or the " Company ”) (Nasdaq: ADUR ) (CSE: ACT ) (FSE: 9D5 ), a clean 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, today announced that the underwriters of its underwritten U.S. public offering (the "Offering”) have, for a second time, partially exercised their over-allotment option to purchase an additional 22,470 common shares at the public offering price of US$4.25 per share. After giving effect to the partial exercise of the over-allotment option, the Company sold an aggregate 1,063,647 common shares for gross proceeds of approximately US$4.52 million, before deducting underwriter discounts and other related expenses. The option closing date was December 11, 2024. The common shares began trading on The Nasdaq Capital Market on November 7, 2024, under the ticker symbol "ADUR”. Aduro expects to use the net proceeds from the Offering for ongoing research and development costs, expenditures related to the construction of its "Next Generation Process" unit and the remainder (if any) for general corporate purposes and working capital. Craft Capital Management LLC acted as the representative of the underwriters, and D. Boral Capital LLC (formerly known as EF Hutton LLC) acted as the co-underwriter for the Offering. The common shares of the Offering referenced above were not offered to residents of Canada or persons in Canada. A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC”) (File Number: 333-280955), as amended, and was declared effective by the SEC on October 29, 2024. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Craft Capital Management LLC by email at [email protected] , by standard mail to 377 Oak St, Lower Concourse, Garden City, NY 11530, or by telephone at +1 (800) 550-8411; or from D. Boral Capital LLC (formerly known as EF Hutton LLC) by email at [email protected] , by standard mail to 590 Madison Ave 39th floor, New York, NY 10022, or by telephone at +1 (212) 970-5150. In addition, copies of the final prospectus relating to the Offering, may be obtained via the SEC's website at www.sec.gov . Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About Aduro Clean Technologies Aduro 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 HydrochemolyticTM technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Investor Relations [email protected] +1 226 784 8889 KCSA Strategic Communications Jack Perkins, Vice President [email protected] Forward-Looking Statements This press release contains forward-looking statements regarding the Company's current expectations. These forward-looking statements include, without limitation, references to the Company's expectations regarding its anticipated use of net proceeds from the offering. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the satisfaction of customary closing conditions related to the exercise of the over-allotment option, or factors that result in changes to the Company's anticipated use of proceeds. These and other risks and uncertainties are described more fully in the section captioned "Risk Factors" in the Company's Registration Statement on Form F-1 related to the public offering (SEC File No. 333-280955). Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law, including the securities laws of the United States and Canada. A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/fc673031-5b01-4a1f-92cc-e29b05e891e6
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Police in a central Ontario city have cracked a cold case that began when recreational divers found a skull in a river. The divers found it - but no other remains - about 130 feet from shore on July 10, 1988, and alerted police. A postmortem examination concluded that the skull belonged to a male homicide victim. Thanks to recent advancements in DNA testing technology, the remains have now been positively identified as Gerald Durocher. Born in November 1949, Durocher was 38 at the time of his death. Peterborough Police believe that Durocher had connections throughout Ontario as well as in the Quesnel area of central British Columbia. They are encouraging anyone with information about Durocher or his death to come forward. "We know that even small details can make a big difference in solving cold cases," said Det. Const. Lacey White. In October 2021, the Peterborough Police Service partnered with Othram, a forensic DNA lab in Texas, and the Ontario Forensic Pathology Service to submit evidence for advanced DNA testing. Using forensic-grade genome sequencing, Othram scientists created a comprehensive DNA profile that enabled forensic genealogists to identify potential relatives. Police followed up by interviewing these relatives, and subsequent confirmatory DNA testing led to the identification of Durocher. For decades, the case remained a mystery, with various investigative methods employed in attempts to identify the "Otonabee River Man." Now, with a confirmed identity, investigators are renewing their efforts to uncover further details surrounding Durocher’s death. Anyone with information is asked to contact Detective Constable White at 705-876-1122 ext. 266, the Peterborough Police Crime Line at 705-876-1122 x555, or Crime Stoppers at 1-800-222-TIPS or online at www.stopcrimehere.ca . Peterborough-Northumberland Crime Stoppers has offered a $5,000 reward for information leading to an arrest in this case.
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Butka scores 18 as Pepperdine takes down UC Davis 85-46Article content Pablo Rodriguez, a candidate for leadership of the Liberal Party of Quebec, garnered new supporters on Sunday, including Linda Caron, MNA for La Pinière, and Mont-Royal–Outremont MNA Michelle Setlakwe. As he announced his new supporters, he was accompanied by Luc Fortin, his campaign co-president and a former cabinet minister in the government of Philippe Couillard, and by Notre-Dame-de-Grâce MNA Désirée McGraw, “What gives me confidence is them; it’s the team and the movement being built within the party,” Rodriguez said. Rodriguez named Caron as senior adviser and the person responsible for seniors and social services and Setlakwe as co-president of his campaign. “Basically, it’s these men and women who are the heart and the lungs of the movement to replace the Legault government,” Rodriguez added. “The polls are telling us François Legault is disconnected from Quebecers; he is always pitching things to distract us.” Caron, who has been a member of the provincial Liberal party since 1984, said she was asked to run for the party leadership, but ultimately decided to throw her support behind Rodriguez. “Despite my strengths and ability to rally members behind me, one candidate stood out more to me — for his reputation, his ease in connecting with people, his capacity for organizing, and his political experience at a ministerial level,” Caron said. “And that candidate is Pablo,” she said before inviting “all the members of the party” to join her to support Rodriguez. For her part, Setlakwe said she “likes the style of politician (Rodriguez) is.” “It really clicked between Pablo and me,” she said. “During my discussions with Pablo, I was able to identify quickly he had the essential qualities needed to be our future leader.” Currently, the federal member of Parliament for the riding of Honoré-Mercier, Rodriguez was Canada’s transport minister and the government’s Quebec lieutenant before announcing his candidacy in September. Among his supporters are former ministers in the governments of Robert Bourassa and Philippe Couillard. Others in the race for the party’s leadership are Charles Milliard, Marc Bélanger, Denis Coderre and Frédéric Beauchemin. “We have to be ready; there won’t be much time between the date when the leader is chosen and, then, the electoral campaign,” Rodriguez said. “We have to be ready and we will be ready ... we will represent the true and only option to the worn-out government of François Legault.” Rodriguez said he will be announcing more supporters.