CIELO WASTE SOLUTIONS CRP - CWSFF STOCK NEWS

Cielo Waste Solutions Corp. provided an update on its Aldersyde and Edmonton facilities. Key initiatives include desulphurization at Aldersyde and achieving a production goal of 24,000 liters per day. The company has begun commissioning desulfurization equipment to lower sulfur content and is seeing increasing production of diesel from wood waste. Cielo is also progressing on its new Edmonton facility, preparing for necessary permitting and engineering setup. Management aims for ongoing revenue growth from these facilities, laying a foundation for expansion over the next 12 to 36 months.

Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB:CWSFF) announced final approval for its shares to list on the TSX Venture Exchange starting June 24, 2021. The trading symbol 'CMC' remains unchanged, and shareholders need not take any action for the transition from the Canadian Securities Exchange (CSE). This move is expected to be seamless, with trading on the CSE concluding on June 23, 2021. CEO Don Allan expressed gratitude to the TSXV for assisting in expediting the listing process.

Cielo Waste Solutions Corp. has received conditional approval to list its common shares on the TSX Venture Exchange (TSXV), with the transition expected to occur shortly. The company plans to voluntarily delist from the Canadian Securities Exchange (CSE) immediately before trading begins on the TSXV, where it will retain its stock symbol 'CMC.' Cielo's CEO, Don Allan, expressed excitement about the move, highlighting its potential to enhance investor access and the company's global presence. The shares will continue to trade on the OTCQB under the symbol 'CWSFF.'

Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB:CWSFF) has announced its agreement to purchase a 60-acre property in Fort Saskatchewan, Alberta, for CAD $13 million. This land features a 31,750 sq ft building and existing infrastructure, which management believes will expedite facility construction and production timelines. Additionally, Cielo secured a CAD $12 million loan from First Choice Financial, with a 6% interest rate and favorable repayment terms. The loan is secured against Cielo's assets, and the company anticipates significant revenue increases upon completion of facility operations.

Cielo Waste Solutions Corp. (CSE: CMC, OTCQB: CWSFF) announced significant changes to its Board of Directors. Three members, Robin Ray, Mel Angeltvedt, and Lionel Robins, resigned for personal reasons, allowing Ryan Jackson to join as a new board member. Jackson brings extensive experience, having led successful business ventures and currently serving as managing director for RAMECO Group. CEO Don Allan expressed gratitude for the outgoing members' contributions and welcomed Jackson, highlighting the company's commitment to addressing global waste issues through innovative renewable fuel technology.

Cielo Waste Solutions Corp. has successfully completed a non-brokered, convertible debenture financing, raising gross proceeds of CDN$10,000,000. A total of 10,000 unsecured convertible debentures were issued, each at CDN$1,000, convertible into common shares at $1.02 within the term. The funds will be allocated for acquiring land in Edmonton, expanding production capacity, and general working capital. All debentures have been converted at a premium, reflecting strong shareholder confidence. The company aims to enhance its financial position significantly.

Cielo Waste Solutions Corp. has appointed the Hon. Peter MacKay and Jasdeep Dhaliwal to its Board of Directors, effective April 8, 2021. Stephanie Li will become the new Chief Financial Officer on May 10, 2021, succeeding Shawn Frenette, who will now focus on global development. MacKay, with extensive public service experience, aims to guide the company's growth in renewable energy and waste management. Dhaliwal, a Chartered Professional Accountant, brings risk management expertise. Cielo is expanding its operations in North America and aims to convert landfill waste into renewable fuels.

Cielo Waste Solutions Corp. has received a CDN$500,000 grant from Alberta Innovates to support a commercial feedstock demonstration of used railway ties at its Aldersyde facility. The total project cost is nearly CDN$900,000, pending approval from Alberta Environment & Parks. Cielo plans to conduct a 100 tonne demonstration followed by a larger 500 tonne trial over approximately three months. This initiative aims to produce renewable fuels from used railway ties, addressing environmental concerns linked to their current disposal methods.

Cielo Waste Solutions has announced the acceleration of the expiry date for 28,620,075 warrants due to the company’s stock trading above specified prices for the required number of days. The warrants will now expire on May 6, 2021. If all warrants are exercised, Cielo expects to gain gross proceeds of CDN$4,181,029. President and CEO Don Allan noted that the expiration of the warrants is beneficial as it strengthens the company's finances, and he expressed gratitude to shareholders for their support.