CIELO WASTE SOLUTIONS CRP - CWSFF STOCK NEWS

Cielo Waste Solutions Corp. announces a shift from a CAD $5,000,000 secured convertible note offering to an equity placement with Crestmont Investments. This change aims to enhance financial stability without pledging assets. Additionally, Cielo is working on a secured debt repayment of CAD $4,500,000 owed to First Choice Financial through securities issuance. The financing will support the company's R&D facility, projected for commissioning by Q2 2023, and aims to foster long-term economic sustainability. Crestmont's equity investment reflects confidence in Cielo's commercialization strategy, which aims to convert waste into fuel efficiently.

Cielo Waste Solutions Corp. (CWSFF) has granted 17,692,308 stock options to directors, officers, and staff as part of its amended 2022 stock option plan, approved by shareholders. Independent directors will exercise options at $0.10 per share, while officers and employees will do so at $0.065. Vesting schedules vary, with specific milestones for the CEO and CFO. This initiative aims to retain talent as the company progresses in developing its first commercial facility. The options expire on December 28, 2027. Cielo focuses on converting waste to fuel using sustainable technology.

Cielo Waste Solutions Corp. (OTCQB:CWSFF) has announced a proposed private placement of secured convertible notes totaling CAD $5 million with Crestmont Investments, aimed at advancing its R&D facility towards commercialization. The notes, carrying an interest rate of 12% per annum, will be convertible into units at CAD $0.25 per share. The financing will support engineering and working capital needs and is subject to due diligence and regulatory approvals. Additionally, Cielo reported selling 80,000 litres of distillate from its previous operations.

Cielo Waste Solutions Corp. (CWSFF) has reported its fiscal Q2 2023 financial results, revealing a net loss of $2.1 million amid streamlined expenses and rental income from a $0.6 million lease. Total assets fell by $21 million due to a $22.4 million impairment, while total liabilities decreased by $2.4 million. The company is set to commission its R&D Facility in early Q2 2023 and aims for long-term sustainability in the waste-to-fuel sector.

Cielo Waste Solutions Corp. (OTCQB: CWSFF) announced today the results of its annual general meeting held on October 27, 2022. Shareholders approved all board proposals, including the election of four directors: Sheila Leggett, Hon. Peter MacKay, Ryan Jackson, and Larry Schafran. KPMG LLP was appointed as the company's auditors. The amended 10% rolling stock option plan received shareholder approval, facilitating stock options for insiders. Currently, there are 829,256,894 common shares outstanding, allowing for a potential grant of 82,925,689 options under the Plan.

Cielo Waste Solutions Corp. (OTCQB:CWSFF) is set to host a corporate webinar on November 9, 2022, at 2 PM ET. CEO Ryan Jackson, CFO Jasdeep K. Dhaliwal, and EVP of Operations Ryan Carruthers will present updates on the company's waste-to-fuel technology and upcoming milestones. The presentation will include highlights from the latest Investor Presentation and details about the new Research and Development Facility in Aldersyde, Alberta. Interested parties can register for the webinar to gain insights and ask questions.

Cielo Waste Solutions Corp. (CWSFF) reported significant financial losses for the quarter ending July 31, 2022, with a net loss of $27.6 million, up from $3.0 million in Q1 2021, primarily due to a $25.4 million impairment loss linked to the Aldersyde Facility's decommissioning. Total assets decreased by $19.7 million, driven by falling property, plant and equipment values, while working capital improved to $9.0 million following a public offering that raised $9.8 million. Liabilities also declined, showcasing a shift in financial positioning amid ongoing strategic developments.

Cielo Waste Solutions Corp. (CWSFF) has announced its Annual General Meeting (AGM) to be held on October 27, 2022. The company confirmed the permanent appointments of Ryan Jackson as CEO and Jasdeep K. Dhaliwal as CFO. Both will focus on leading the company toward commercialization goals. Furthermore, Don Allan and Jasdeep K. Dhaliwal will retire from the Board. Cielo has also extended its engagement with RB Milestone Group for investor relations services at a cost of US$10,833 per month.

Cielo Waste Solutions Corp. has successfully completed a shares for debt transaction to repay CAD $2,000,000 of a mortgage loan with First Choice Financial and KV Capital. This transaction, approved by the TSXV Venture Exchange, involved the issuance of 26,984,126 common shares at prices between $0.07 and $0.09 per share, reducing the loan principal to CAD $4,500,000. The repaid shares will be subject to a 4-month hold period expiring on January 9, 2023. Additionally, 2,000,000 Bonus Warrants will expire on or about December 7, 2022.