CIELO WASTE SOLUTIONS CRP - CWSFF STOCK NEWS

Cielo Waste Solutions Corp. (CWSFF) has successfully completed the commissioning of its new research and development facility in Aldersyde, Alberta. This facility aims to refine performance characteristics and optimize the conversion of waste to fuel, crucial for the eventual launch of the Dunmore Facility. Cielo is also collaborating with Alberta Environment for the necessary permits to operate the R&D Facility, having opted to submit a new application to aid in timely approval. The company has engaged Matrix Solutions to strengthen its application process. Cielo's leadership emphasizes the importance of this milestone in moving towards commercialization. A webinar scheduled for April 26, 2023, aims to inform investors about current operations and future steps.

Cielo Waste Solutions Corp. has announced plans for its first commercial facility in Dunmore, Alberta. The company is in discussions to finalize financing with Crestmont Investments, changing its earlier proposal from convertible debentures to units of common shares and warrants. Management confirms substantial progress on its R&D facility in Aldersyde and anticipates operational updates soon. Crestmont's due diligence review has led to its commitment to support Cielo's first commercial plant, minimizing shareholder dilution while unlocking funding opportunities. A secured note of CAD $3 to $5 million is set to be issued, facilitating immediate cash flow and enabling Crestmont's potential participation in the project. Cielo's strategy focuses on sustainable waste-to-fuel conversion, with an investor webinar scheduled for April 26, 2023 to discuss operational updates and future milestones.

Cielo Waste Solutions Corp. (CWSFF) announced the successful settlement of its $4,500,000 mortgage loan through a Securities for Debt Transaction, approved by the TSXV. This transaction involved issuing 64,285,714 repayment units at $0.07 each, composed of shares and warrants. The move will eliminate 54,500,000 bonus warrants previously issued, reducing the common shares reserved. The company’s properties in Fort Saskatchewan and Aldersyde will be discharged as security for the mortgage loan. Cielo aims to drive sustainable waste-to-fuel technology while minimizing environmental impact.

Cielo Waste Solutions Corp. (CWSFF) reported its financial results for the three and nine months ending January 31, 2023. The company's total assets decreased from $53.5 million to $31.9 million, while total liabilities slightly decreased to $19.4 million. Notably, general and administrative costs dropped by $2.1 million over nine months, reflecting cost management efforts. Research and development expenses also fell as focus shifted towards the new R&D Facility, recently completed and now in commissioning phases. Despite a net loss of $2.3 million for the quarter and $20 million for the nine-month period, the company anticipates further advancements and funding via a private placement offering.