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Aduro Clean Technologies Engages Crystal Research Associates to Provide Marketing and Investor Relations ServicesLONDON, Ontario, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian 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, announces that it has entered into a marketing and consulting agreement with Crystal Research Associates, LLC. The Company announces that is has entered into a marketing and consulting agreement (the “CRA Agreement”) with an arm’s length investment research and analysis firm, Crystal Research Associates, LLC (“Crystal Research Associates”) of New York City, New York, to create and distribute an Executive Informational Overview and Quarterly Updates on the Company through Crystal Research Associates’ social media channels and online media distribution. For over twenty years, Crystal Research Associates has successfully articulated the exceptional stories of small- and mid- cap companies to the Wall Street investor community. Through time-tested, well-established methods, Crystal Research Associates communicates objective, heavily researched, factual information for both institutional and retail audiences. This information is distributed through an expansive line of channels, which include industry-leading financial data and information providers, in tandem with highly targeted digital media portals, which collectively target millions of readers. Crystal Research Associates’ research is available to investor audiences via Capital IQ (A Division of Standard and Poor’s), Thomson Reuters, Bloomberg, FactSet, AlphaSense, as well as its website and networks, among other means and modalities. Crystal Research Associates further leverages LinkedIn and other relevant media platforms to gain increased exposure for its clients. In connection with the CRA Agreement, for a term of two years starting on February 1, 2024, Aduro will pay Crystal Research Associates an aggregate cash fee of US$90,000 plus applicable taxes, of which US$35,000 was paid upon the execution of the CRA Agreement, US$15,000 will be paid three months after commencement of services, and US$40,000 wil be paid on February 1, 2025. Aduro also granted Crystal Research Associates 300,000 stock options of the Company. The options vested immediately upon grant and are exercisable at a price of C$1.28 for a period of 24 months. Crystal Research Associates does not own any shares of the Company as of the date hereof and has no direct relationship with the Company other than as set out in this press release. The engagement of Crystal Research Associates is aimed to increase the visibility of Aduro’s developing technologies in the United States and Internationally. None of the securities acquired upon exercise of the stock options issued by the Company will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. About Aduro Clean Technologies For further information, please contact: Ofer Vicus, CEO Abe Dyck, Investor Relations Arrowhead Forward-Looking Statements The CSE has not reviewed, approved, or disapproved the content of this news release. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0e23a040-df86-4dee-95df-5884d8191ef4 |