NOT FOR DISTRIBUTION TO
“We are extremely pleased with the continued support of our existing shareholders and welcome our new shareholders. The strong interest in this offering is a clear demonstration of the positive impact of our growing investor base in
Each Unit consists of one (1) common share in the capital of the Company (each, a “Common Share”) and one-half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable into one (1) Common Share (each, a “Warrant Share”) at a price of
The Company paid an aggregate of
The Company intends to use the net proceeds from the LIFE Offering to fund the research and development of the Company’s chemical recycling technologies and for general administrative and working capital expenses.
The Units were sold to purchasers resident in
None of the securities sold in connection with the LIFE Offering were or will be registered under the United States Securities Act of 1933, as amended. Further, none of these securities were offered or sold in
For further information, please contact:
Ofer Vicus, CEO
ovicus@adurocleantech.com
ir@adurocleantech.com
+1 226 784 8889
Arrowhead
enquire@arrowheadbid.com
+1 212 619 6889
Forward-Looking Statements
This 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. Forward-looking statements in this news release include statements regarding: the intended use of proceeds of the LIFE Offering. 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 including: that the proceeds of the LIFE Offering may not be used as stated in this news release; adverse market conditions and other factors beyond the control of the parties. 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. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. 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. Risks and uncertainties about the Company's business are more fully discussed under the heading “Risk Factors” in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR at www.sedar.com.
The Canadian Securities Exchange (operated by
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