Cielo Announces New Securities for Debt Transactions, Replacing Previously Announced Transactions

Core Viewpoint - Cielo Waste Solutions Corp. is set to settle an aggregate debt amount of $1,797,195 through the issuance of securities, pending approval from the TSX Venture Exchange [1] Group 1: Debt Settlement Details - The company plans to issue 35,943,847 units at a price of$0.05 per unit to settle $1,671,656.67 of the aggregate debt amount, with each unit consisting of one common share and one warrant [3] - The remaining balance of$125,535.79 will be settled with an insider through the issuance of 2,510,715 common shares at the same price of $0.05 per share, with no warrants issued to the insider [4] - Both the units for debt transactions and the shares for debt transaction are subject to approval from the Exchange, and upon approval, will have a hold period of four months [6] Group 2: Related Party Transaction - The transaction with the insider is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company will rely on exemptions from certain requirements as the fair market value does not exceed 25% of the company's market capitalization [5] Group 3: Company Overview - Cielo Waste Solutions Corp. focuses on transforming waste materials into high-value products, aiming to address global waste challenges and contribute to the circular economy while reducing carbon emissions [9]