Cielo Waste Solutions Corp. is an Alberta, Canada based public company with its shares listed to trade on the Canadian Securities Exchange ("CSE") under the symbol "CMC". Cielo is commercializing a gamechanging technology that converts multiple different waste streams into renewable diesel, at a cost that is less than 50% of the price currently being paid for biofuels in Canada. Landfills are one of the world's leading contributors to Green House Gas emissions and are projected to double in size over the next 7 years. Cielo's proprietary technology can resolve this crisis, on a cost-effective basis, by converting multiple different feedstocks, including municipal solid waste (garbage), wood waste, used tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel, which burns much cleaner than conventional diesel.

 

 

Latest News Release

Cielo Announces Extension of Private Placement Offering and Conversion of Debt

 

Cielo Waste Solutions Corp. has extended its private placement offering of units, initially announced on June 14, 2017, to accommodate additional subscribers. Each unit is composed of one common share and one-half warrant, with each full warrant having an exercise price of 20 cents and an expiration date of 12 months from the date of issue of the units. The term of the warrants is subject to earlier expiration if Cielo's common shares trade at 30 cents or above, for five consecutive days, at any time after 14 weeks from the date of issue of the units, in which case Cielo will have the right to issue a notice to the holders of the warrants that the term has been reduced to 30 days from the date of such notice. Any warrants that have not been exercised, on or before such 30-day period, will automatically expire. Cielo has raised $2,283,236 to date in three tranches, previously announced on July 17, Aug. 31 and Sept. 22, 2017.

 

Cielo also announces three holders of convertible debentures, the issuance of which was announced on Sept. 29, 2015, have elected to convert an aggregate amount equal to $62,500 due and payable to them into 625,000 common shares of the company at 10 cents per common share in accordance with the terms of the debentures. In addition, 162,833 common shares were issued at a price of 12 cents per share in an unrelated settlement of debt. The settlement shares are subject to a four-month statutory hold period.

 

About Cielo Waste Solutions Corp.

 

Cielo is commercializing a transformational, patent-pending technology that can convert multiple different waste streams into renewable diesel, at a significantly lower cost than biofuel companies. Landfills are one of the world's leading contributors to green house gas emissions and are projected to double in size over the next seven years. Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different waste-derived feedstocks, including sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics, and virtually any other cellulous waste product into high-grade renewable diesel.

 

 

For more information contact;

Cielo Waste Solutions Corp.
Don Allan, President & CEO
(403) 348-2972 Ext. 101
Email: donallan@cielows.com

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Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

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