Cielo Announces Settlement Agreement and Shareholder Meeting

Core Viewpoint - Cielo Waste Solutions Corp. has reached a Settlement Agreement with Expander Energy Inc. and related parties, which includes the unwinding of certain transactions and the scheduling of its annual general and special meeting for June 24, 2025 [1][2]. Settlement Agreement - The Settlement Agreement aims to unwind previously disclosed transactions between Cielo and the Settlement Parties, effective June 13, 2025, subject to closing conditions [2]. - Approximately 40 million to 60 million common shares will be surrendered by the Settlement Parties for cancellation, representing 30% to 47% of the issued and outstanding shares [7]. - All agreements between Cielo and the Settlement Parties, including a License Agreement and several Service Agreements, will be terminated [7]. - Expander has withdrawn its requisition for a shareholder meeting, and the Settlement Parties have agreed to an 18-month standstill regarding proxy solicitation and voting [7]. - Cielo will pay C$748,208.79 to the Settlement Parties in full satisfaction of outstanding fees [7]. Shareholder Meeting - The annual general and special meeting, originally set for June 10, 2025, will now take place on June 24, 2025, where incumbent directors will be nominated for re-election [4].