CIELO WASTE SOLUTIONS CRP - CWSFF STOCK NEWS

Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) provides an update on its binding letter of intent (LOI) to acquire the Carseland Facility from Rocky Mountain Clean Fuels Inc. The transaction aims to position Cielo for commercial production and revenue generation. The facility uses patented Enhanced Gas-To-Liquids technology to produce synthetic diesel and jet fuel. Cielo plans to enhance the process by building a gasifier to deploy its licensed Enhanced Biomass to Liquids technology, resulting in Bio-Synfuels with near net-zero carbon intensity.

The closing date has been extended for additional due diligence. Cielo has also engaged Integral Wealth Securities as a market maker for a monthly fee of $6,000. Additionally, the company has terminated its proposed private placement offering of convertible debenture units due to current market conditions.

Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) will participate in the Canadian Climate Investor Conference (CCIC) on June 25, 2024, in Toronto. CEO Ryan Jackson will present details about Cielo's recent acquisition of a gas-to-liquids processing facility in Carseland, Alberta, and the planned expansion to produce renewable fuel from wood waste. This event, hosted by the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), offers Cielo a platform to engage with stakeholders and discuss its long-term growth strategy.

Cielo Waste Solutions announced the final closing of its non-brokered private placement of unsecured convertible debenture units, raising a total of C $2.13 million. The last tranche included 90 units for C $90,000, resulting in 90 debentures and 225,000 warrants. Each debenture unit is priced at C $1,000 and includes 2,500 detachable share purchase warrants. The debentures accrue interest at 12% per annum, payable semi-annually and are convertible into common shares at C $0.40 per share. The warrants allow purchase of shares at C $0.70 per share for 24 months. The proceeds will fund renewable fuel projects in Alberta and general corporate purposes.

Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF), a renewable fuel company, announced the appointment of MNP LLP as their new auditor.

This change is in line with the company's ongoing strategy to improve financial oversight and corporate governance. The necessary documentation has been filed on www.sedarplus.ca.

Cielo Waste Solutions Corp. confirms a key equipment order and an environmental permit application, advancing its Carseland Bio-SynDiesel® Project towards commercialization. The project aims to produce low carbon fuel from wood by-products, targeting 8 million liters per year of Bio-SynDiesel® and Bio-SynJet® by 2026. The Biomass Gasifier order integrates with Cielo's licensed EBTL™ process, producing clean syn-gas for fuel production. The Company has submitted a permit application to Alberta Environment and Protected Areas for project construction, showing commitment to sustainable fuel production.

Cielo Waste Solutions Corp. announces the grant of 250,000 stock options to certain officers and consultants under its 10% rolling stock option plan. Each option allows the right to receive one common share at $0.31 per share, with vesting split between April and October 2024.

Cielo Waste Solutions Corp. announces financial results for Q3 2024, highlighting key achievements such as closing an asset purchase transaction with Expander Energy, securing agreements for commercialization of Bio-SynDiesel®, share consolidation, private placement, and progress on the Carseland and Dunmore projects. The Company aims to confirm final investment decisions, engage in capital markets activities, and utilize its R&D facility for future growth. Financially, Cielo recorded a net loss of $1.9 million in Q3 2024, with operating cash flow of $0.02 million.

Cielo Waste Solutions Corp. grants 613,332 stock options to directors under the 10% rolling stock option plan. Each option allows the right to receive one common share at $0.30 per share, with vesting dates spread over the next few years.

Cielo Waste Solutions Corp. provides an update on its Carseland, Alberta Bio-SynDiesel® Project, aiming to convert wood by-products into renewable Bio-SynDiesel® fuel. The project, leveraging Expander Energy Inc.'s patented technology, has secured key agreements for biomass feedstock, site location, and syngas processing. Cielo is progressing towards a final investment decision in the coming months.