Aduro Clean Technologies Inc. announced a non-brokered private placement of a minimum of 2,150,000 units and a maximum of 2,688,200 units at an issue price of CAD 0.93 per unit for gross proceeds for a minimum of CAD 1,999,965 and a maximum of CAD 2,500,026 respectively on March 8, 2023. The transaction will include participation from purchaser residents in British Columbia, Alberta, Manitoba, Saskatchewan, Ontario, Quebec, Nova Scotia, Newfoundland and Labrador. Each unit will consist of one common share and one-half of one common share purchase warrant.

Each warrant will be exercisable into one common share at a price of CAD 1.30 per warrant share for a period of two years. The transaction is anticipated to close on or about March 31, 2023. The closing is subject to certain conditions including, but not limited to, a minimum of CAD 1,999,965 in gross proceeds being raised and the receipt of all necessary regulatory and other approvals, including the company's completion of its filing obligations under the policies of the Canadian Stock Exchange.

The company may pay finder's fees under the offering as permitted by CSE policy and applicable securities laws.