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Cielo Announces Closing of Second and Final Tranche of Unit Offering
GlobeNewswire News Room· 2025-08-18 11:00
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].
Cielo Announces Extension of Unit Offering
Globenewswire· 2025-08-08 22:59
Group 1 - Cielo Waste Solutions Corp. has announced the extension of its non-brokered private placement offering of up to 60,000,000 units at a price of $0.05 per unit, with the closing date extended to August 15, 2025 [1] - The first tranche of the offering was previously announced on July 28, 2025, indicating ongoing investor interest and capital raising efforts [1] - Cielo is focused on transforming waste materials into high-value products, contributing to the circular economy and reducing carbon emissions [3] Group 2 - The company aims to be a leader in the wood by-product-to-fuels industry by utilizing environmentally friendly and economically sustainable technologies [3] - Cielo's shares are publicly traded on the TSX Venture Exchange under the symbol "CMC" and on the OTC Pink Market under "CWSFF" [3] - The company is committed to providing environmental waste solutions that are expected to generate positive returns for shareholders [3]
Cielo Announces Relocation of First Planned Facility to British Columbia and Provides Update on Proposed Asset Acquisition and Corporate Matters
Globenewswire· 2025-04-01 11:00
Core Viewpoint - Cielo Waste Solutions Corp. is undergoing a strategic shift by relocating its first planned waste-to-fuel facility from Alberta to British Columbia and transitioning its fuel production focus from Renewable Diesel to Green Hydrogen, aligning with its commitment to renewable energy initiatives [2][3][4] Group 1: Strategic Changes - The company plans to relocate its first commercial waste-to-fuel facility for processing scrap railway ties to British Columbia and will focus on producing Green Hydrogen [2] - This strategic pivot allows Cielo to explore funding opportunities through the British Columbia Low Carbon Fuel Standard (BCLCFS) credit program, which provides financial incentives for reducing carbon emissions [3] - Cielo's CEO emphasized the importance of adapting to changing political and technological landscapes to ensure resources are dedicated to projects with the highest potential for success [4] Group 2: Acquisition Update - Cielo announced it will not proceed with the previously proposed acquisition of an Enhanced Gas to Liquids (EGLT) facility in Carseland, Alberta, due to ongoing market uncertainty and regulatory challenges [5][7] - The company had intended to enhance the process at the EGLT Facility and diversify inputs for synthetic diesel and jet fuel but has determined that the acquisition does not align with its long-term strategic goals [6][7] Group 3: Dispute Resolution - Cielo is initiating a dispute resolution process with Expander Energy due to disagreements regarding the Asset Purchase Agreement and License Agreement [11] - Expander has issued notices of breach, indicating intentions to terminate the License Agreement, which Cielo plans to dispute [12] Group 4: Corporate Governance - James H. Ross has resigned from Cielo's Board of Directors, effective immediately, and the company expressed gratitude for his contributions [14] - Cielo has rescheduled its annual general meeting to June 2025 due to a Canada Post strike, having received an extension from the Business Corporations Act [15] Group 5: Future Engagement - A corporate update webinar is scheduled for April 10, 2025, to provide shareholders and stakeholders with updates on the company's strategic initiatives and future outlook [16]