Cielo Announces Closing of Second and Final Tranche of Unit Offering

Core Viewpoint - Cielo Waste Solutions Corp. has successfully closed the second and final tranche of its non-brokered private placement offering, raising a total of C $1,121,250 through the issuance of 22,425,000 units [1][2][4]. Group 1: Offering Details - The final tranche involved the issuance of 4,700,000 units at a price of $0.05 per unit, generating gross proceeds of C $235,000 [2]. - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at a price of $0.07 for two years [2]. - The offering received conditional approval from the TSX Venture Exchange, and no finder fees were paid, nor did insiders participate in the final tranche [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for the development and early-stage engineering of the proposed waste-to-hydrogen facility in British Columbia, including regulatory and incentive application work, as well as general working capital [4]. Group 3: Company Overview - Cielo Waste Solutions Corp. focuses on transforming waste materials into high-value products, addressing global waste challenges while contributing to the circular economy and reducing carbon emissions [6]. - The company aims to be a leader in the wood by-product-to-fuels industry by utilizing environmentally friendly and economically sustainable technologies [6].