DIMN FIVE About Aduro Energy
Aduro Energy, established in 2012, is an
New Technology, New Solutions
Originally conceived to radically enhance aspects of petroleum processing, the patented Aduro Energy solutions leverage unique properties of water to upgrade renewable oils as well as waste plastics and rubber to higher value products - cheaply and quickly. The approach is significantly more environment-friendly than established alternatives like energy-intensive pyrolysis, gasification, and decades-old methods applied to petroleum. Aduro Energy instead uses hydrochemolytics, a smart chemistry approach developed by the company. It bypasses traditional methods' reliance on high temperatures from 400 C to as high as 1100 C, and on hydrogen produced by conversion of natural gas at between 700 C and 1000 C. Although hydrochemolytics operates at only 260 C - 390 C, it achieves the same benefits by activating and tuning water to beneficially transform diverse feedstocks.
About
Forward-Looking Statements
Completion of the Transaction is subject to a number of conditions, including but not limited to, execution of the LOI by Aduro shareholders, financings by both Aduro and the Company, CSE acceptance and, pursuant to the requirements of the CSE, shareholder approval by a majority of the minority of shareholders. There can be no assurance that the Transaction will be completed as proposed or at all. Trading in the securities of the Company should be considered highly speculative. All information in this news release concerning Aduro has been provided for inclusion herein by Aduro. Although the Company has no knowledge that would indicate that any information contained herein concerning Aduro is untrue or incomplete, the Company assumes no responsibility for the accuracy or completeness of any such information as the Company has not completed due diligence on Aduro. Investors are cautioned that, except as disclosed in the listing statement or information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. CW15290999.2 Statements about the execution of the LOI, closing of the Transaction, expected terms of the Transaction, the number of securities of the Company that may be issued in connection with the Transaction, the ownership of the Company, the requirement to obtain shareholder approval, the terms of and the completion of the Financing, the agreement of all Aduro noteholders and the parties' ability to satisfy any and all other closing conditions, and receive necessary regulatory and CSE approvals in connection therewith and anticipate costs and the ability to achieve goals are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to negotiate the substantive business terms, items of due diligence presenting challenges to closing that cannot be overcome, failure to get financing as required, failure to get required shareholder approval, failure to get a majority of the minority shareholder approval, failure to get Aduro noteholder approval, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions, changes in legislation and regulations, failure of counterparties to perform their contractual obligations, litigation, the loss of key directors, employees, advisors or consultants and fees charged by service providers. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
Contact:
Tel: 604 681-1568
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