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    ZC   CA9895892052

ZIMTU CAPITAL CORP.

(ZC)
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Zimtu Capital : Aduro Clean Technologies Obtains DTC Eligibility for its Common Shares in the U.S.

09/16/2021 | 03:12pm EDT

Sarnia, ON, September 16, 2021 - Aduro Clean Technologies Inc. (CSE: ACT) (OTCQB: ACTHF) (FSE: 9D50) (the 'Company' or 'Aduro Clean Technologies'), a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, is pleased to announce that the Company's common shares traded on the OTC Markets Group Inc.'s OTCQB Venture Market in the United States, under the symbol 'ACTHF', are now Depository Trust Company ('DTC') eligible. DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of share transactions for publicly-traded companies.

'We are pleased to have gained DTC eligibility for Aduro's Common Shares in the U.S.', said Ofer Vicus, CEO of Aduro Clean Technologies. 'We expect DTC eligibility will enhance our liquidity and exposure to U.S. investors and are excited about the prospect of spreading the Aduro story to the U.S. capital markets as we continue on our path towards proving and validating our Hydrochemolytic™ technology platform.'

The OTCQB Venture Market is for early-stage and developing U.S. and international companies that must be current in their reporting and undergo an annual verification and management certification process. DTC eligibility allows Aduro's shares to be more easily and economically transferred between brokerage accounts electronically within the United States. DTC is the largest securities depository in the world, providing clearing and settlement efficiencies for brokers, as well as various other services.

In addition to the OTCQB, shares of Aduro will continue to trade on the Canadian Securities Exchange under the symbol 'ACT'.

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 Hydrochemolytic™ technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost - a game-changing approach that converts low-value feedstocks into 21st-century resources. With funding and support from Bioindustrial Innovation Canada, the Company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil. Additional information on Aduro Clean Technologies is available on the Company's website.

For further information, please contact:

Ofer Vicus, CEO
ovicus@adurocleantech.com

Craig MacPhail, Investor Relations
ir@adurocleantech.com
604-362-7011

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. 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. 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. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions and other factors beyond the control of the parties. 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.

The CSE has not reviewed, approved, or disapproved the content of this news release.

Disclaimer

Zimtu Capital Corp. published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 19:11:00 UTC.


© Publicnow 2021
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Financials
Sales 2020 1,39 M 1,12 M 1,12 M
Net income 2020 3,70 M 3,00 M 3,00 M
Net cash 2020 8,83 M 7,14 M 7,14 M
P/E ratio 2020 0,67x
Yield 2020 -
Capitalization 3,38 M 2,73 M 2,74 M
EV / Sales 2019 -1,53x
EV / Sales 2020 -4,56x
Nbr of Employees -
Free-Float 79,7%
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Number of Analysts 1
Last Close Price 0,21 CAD
Average target price 0,69 CAD
Spread / Average Target 229%
Managers and Directors
David Ian Hodge President, Chief Executive Officer & Director
Jody Bellefleur Chief Financial Officer
Kevin James Bottomley Independent Director
John Christopher Grove Secretary & Independent Director
Sean Charland Director
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