Cielo Announces Closing of First Tranche of Unit Offering

Core Points - Cielo Waste Solutions Corp. has closed a tranche of its non-brokered private placement offering, issuing 29,325,000 units for gross proceeds of C$1,466,250 at a price of $0.05 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at $0.07 for two years [2] - The offering has received conditional approval from the TSX Venture Exchange and is subject to a hold period expiring on March 8, 2026 [3] Financial Details - The net proceeds from the offering are expected to be used for the development of a renewable fuels facility in British Columbia, including regulatory work and general working capital [4] - Approximately C$750,000 of the proceeds will be allocated to a settlement agreement with Expander Energy Inc., which has been fully paid [4] Company Vision and Future Plans - The CEO of Cielo stated that this financing reflects strong investor confidence and marks a transition from restructuring to growth, focusing on Project Nexus in British Columbia [5] - Cielo aims to position itself at the forefront of the clean-fuels economy in the province and support Canada's low-carbon goals [5] Company Overview - Cielo Waste Solutions Corp. is dedicated to transforming waste materials into high-value products, addressing global waste challenges while contributing to the circular economy and reducing carbon emissions [6] - The company is committed to providing environmental waste solutions and believes this will generate positive returns for shareholders [6]