Cielo Announces Private Placement of Units

Core Viewpoint - Cielo Waste Solutions Corp. is initiating a non-brokered private placement to raise gross proceeds of up to C $3,000,000 through the issuance of up to 60,000,000 units at a price of $0.05 per unit, aimed at funding the development of a waste-to-hydrogen facility in British Columbia and other working capital needs [1][3]. Group 1: Offering Details - Each unit consists of one common share and one whole common share purchase warrant, with the warrant allowing the purchase of one common share at a price of $0.07 for two years [2]. - The net proceeds from the offering will be used for the development and early-stage engineering of the proposed waste-to-hydrogen facility, regulatory applications, and general working capital, including a payment of approximately $750,000 under a Settlement Agreement [3]. Group 2: Project and Market Positioning - The BC Facility aims to provide a sustainable disposal solution for scrap railway ties while generating hydrogen, aligning with regulatory requirements and clean energy funding programs [7]. - Cielo is strategically positioning itself in the growing hydrogen market, driven by increasing demand for alternative fuels and energy security, indicating a deliberate entry into a sector expected to experience substantial growth [5][6]. Group 3: Management Perspective - The CEO of Cielo emphasized that while the offering may cause some dilution, the anticipated cancellation of approximately 40,000,000 shares from an unrelated transaction will help mitigate the impact on the company's capital structure and support shareholder value [5]. - The company is committed to generating environmental and economic value from waste, aiming to be a leader in the wood waste to usable products industry through sustainable technologies [10].