CIELO WASTE SOLUTIONS CRP - CWSFF STOCK NEWS

Cielo Waste Solutions Corp. has executed an amendment to the agreement of purchase and sale with Renewable U Energy Inc. regarding the purchase of land in Dunmore, Alberta for building a waste-to-fuel facility. The amendment includes extending the financing condition deadline and the closing date, as well as the release of a deposit and payment of an additional deposit in common shares of Cielo. The Payment Shares, if approved, will be subject to a hold period of four months and one day from the date of issuance. The company has also issued a correction regarding a share consolidation.

Cielo Waste Solutions Corp. announces a share consolidation on the basis of one pre-Consolidation common share for every fifteen post-Consolidation common shares. The Company will have 113,302,703 post-Consolidation common shares issued and outstanding. The Consolidation is subject to the approval of the Exchange and an update will be provided with the effective date once determined.

Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) has extended the deadline to pay royalties to July 3, 2024. The company previously issued fixed rate royalties for an early warrant exercise incentive program and has received approval from the holders of the royalties for the extension. This allows the company to focus on the development of its first commercial waste-to-fuel project in Carseland, Alberta.

Cielo Waste Solutions Corp. (TSXV: CMC; OTC: CWSFF) has secured funding for the next stage of engineering development of the Carseland Project through a non-brokered flow-through private placement, issuing 16,750,000 flow-through shares at a price of $0.04 per share for aggregate gross proceeds of $670,000. CEO Ryan Jackson and CFO Jasdeep K. Dhaliwal participated in the private placement for a total of $410,000, with Steve Kresnyak P.Eng, EVP and Chief Technology Officer of Expander, investing $200,000. The funds will be allocated to the advancement of Cielo’s first commercial waste-to-fuels facility in Carseland, utilizing Cielo’s Enhanced Biomass to Liquids (EBTL™) technology.

Cielo Waste Solutions Corp. (CMC) announced its Q2 2024 financial results, reflecting a net loss of $1.4 million for the quarter and $7.3 million for the six months ended October 31, 2023. The company achieved key milestones, including an asset purchase transaction with Expander Energy Inc. and the sale of its property in Fort Saskatchewan, Alberta. Cielo also disclosed the filing of restated unaudited interim financial statements for the three months ended July 31, 2023 and 2022.

Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF) is proposing a flow-through private placement to raise up to $6 million in gross proceeds by issuing up to 150,000,000 flow-through shares at a price of $0.04 per FT Share. The purpose is to advance Cielo’s first commercial waste-to-fuels facility in Carseland, Alberta, utilizing the recently acquired EGTLTM technology under exclusive license to Cielo. The closing is subject to regulatory approvals, including the approval of the TSX Venture Exchange. Insiders may participate in the Private Placement, subject to exemptions from valuation and minority shareholder approval requirements. Finders’ fees may be paid in connection with the Private Placement in cash, securities, or a combination of both.

Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) announces a debt repayment agreement of $62,000.00 through share issuance, a delay in the approved share consolidation, and the filing of a new U.S. non-provisional patent application. CEO Ryan Jackson attended the COP28 Climate Summit Roundtable.

Cielo Waste Solutions Corp. (CMC on TSXV, CWSFF on OTCQB) announces the purchase of land in Dunmore, Alberta for a full-scale waste-to-fuel facility. The acquisition is expected to close on January 5th, 2024, following an extension of the condition deadline to December 15th, 2023. Cielo also provides updates on the proposed securities consolidation and the Termination Agreement with Renewable U Energy Inc.

Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) has closed the asset purchase transaction with Expander Energy Inc., acquiring assets and liabilities to operate EBTL™ and BGTL™ technologies. The completion of the Transaction will accelerate Cielo's timeline to revenue and enhance its existing proprietary Thermal Catalytic Depolymerization (TCD) technology.