Cielo Announces Closing of First Tranche of Unit Offering and Closing of Securities for Debt Transactions

Core Points - Cielo Waste Solutions Corp. has successfully closed the first tranche of its non-brokered private placement offering, raising gross proceeds of C$886,250 by issuing 17,725,000 units at a price of $0.05 per unit [1][2][3] - The net proceeds from the offering will be utilized for the development of a waste-to-hydrogen facility in British Columbia, regulatory applications, and general working capital, including settling an outstanding amount of approximately $750,000 [4] - The company has also completed a settlement of $1,967,766 in outstanding debt through the issuance of securities, including 33,523,323 repayment units and 5,832,178 common shares to settle debts with multiple creditors and insiders [6][9] Private Placement Details - Each unit in the first tranche consists of one common share and one warrant, allowing the purchase of an additional common share at $0.07 for two years [2][3] - The offering has received conditional approval from the TSX Venture Exchange, with a hold period for the securities expiring on November 26, 2025 [3][8] - The company anticipates closing additional tranches of the offering by August 11, 2025 [3] Securities for Debt Transactions - The company issued repayment units at a price of $0.05 to settle $1,676,156 of the debt, and common shares to insiders to settle $291,609 of the debt [6][9] - Each repayment unit includes a warrant that allows the purchase of a common share at $0.15 for two years [7] - The securities issued in the debt settlement are also subject to a hold period expiring on November 26, 2025 [8] Company Overview - Cielo Waste Solutions Corp. focuses on transforming waste materials into high-value products, contributing to the circular economy and reducing carbon emissions [11] - The company aims to be a leader in the wood by-product-to-fuels industry by utilizing environmentally friendly and sustainable technologies [11]