Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF)
(
“Cielo” or the
“Company”), a
waste-to-fuel environmental technology company, announces today
that it has executed an agreement for the repayment of
approximately $62,000.00 in debt by way of share issuance (the
“
Shares for Debt Transaction”), subject to the
approval of the TSX Venture Exchange (the
“
Exchange”).
As full and final repayment of CDN $62,307.70,
the Company has agreed to issue 2,076,923 common shares at a price
of $0.03 per share. The Shares for Debt Transaction is
subject to the approval of the Exchange. Upon approval and
issuance, the Repayment Shares will be subject to a hold period of
4 months.
SHARE CONSOLIDATION
Further to the Company’s news release dated
November 27, 2023, management has decided to delay the recently
approved share consolidation (the “Consolidation”)
until the new year (calendar 2024). The Consolidation remains
subject to the approval of the Exchange. An update will be provided
with the effective date of the Consolidation once determined.
PATENT APPLICATION
The Company has filed a new U.S. non-provisional
patent application with the U.S. Patent and Trademark Office for
the Company’s "Enhanced Distillate Oil Recovery from Thermal
Processing and Catalytic Cracking of Biomass Slurry". This new
application is a continuation of and claims priority benefits from
U.S. Serial No. 17/182,167 filed on February 22, 2021, which is a
continuation of U.S. Serial No. 16/899,291 filed on January 11,
2020, which is a continuation of and claims priority from U.S.
Application No. 16/041,110 filed July 20, 2018, which claims
priority from U.S. Provisional Application No. 62/535,634, filed
July 21, 2017.
ATTENDANCE AT COP28 CLIMATE SUMMIT
ROUNDTABLE
Cielo is also proud to announce that Ryan
Jackson, CEO of Cielo, was asked to and did attend (virtually) the
“Industry Roundtable: Industry Perspectives on the Global Biofuels
Alliance (GBA)”, held at the GBA Pavilion, COP28 UAE. Global
Biofuels Alliance (GBA) is a multi-stake holder alliance of
Governments, International Organizations and Industries, an
initiative by India as the G20 Chair, bringing together the biggest
consumers and producers of biofuels to drive development and
deployment of biofuels. The initiative aims to position biofuels as
a key to energy transition and contribute to jobs and economic
growth.1
ABOUT CIELO
Cielo Waste Solutions Corp. was incorporated
under the Business Corporations Act (British Columbia) on February
2, 2011. Cielo is a publicly traded company with its shares listed
to trade on the TSXV under the symbol “CMC,” on the Frankfurt
Exchange under the symbol “C36”, as well as on the OTC Venture
Market (“OTCQB”), under the symbol “CWSFF.” The
Company’s strategic intent is to become a leading waste-to-fuel
company using economically sustainable technology while minimizing
the environmental impact. Cielo has a patented process that can
convert waste feedstocks, including organic material and wood
derivative waste, to fuel. Having demonstrated its ability to
produce diesel and naphtha from waste, Cielo’s business model is to
construct additional processing facilities. Cielo’s objective is to
generate value by converting waste to fuel, while fueling the
sustainable energy transition.
For further information please contact:
Cielo Investor Relations
Ryan Jackson,
CEOPhone: (403) 348-2972
Email: investors@cielows.com
RB Milestone Group
LLC Email: cielo@rbmilestone.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This news release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as “forward-looking statements”)
within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
“anticipate,” “achieve”, “could”, “believe”, “plan”, “intend”,
“objective”, “continuous”, “ongoing”, “estimate”, “outlook”,
“expect”, “may”, “will”, “project”, “should” or similar words,
including negatives thereof, suggesting future outcomes.
Forward-looking statements are subject to both
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company, that may cause the
actual results, level of activity, performance, or achievements of
the Company to be materially different from those expressed or
implied by such forward looking statements. Forward-looking
statements and information are based on plans, expectations and
estimates of management at the date the information is provided and
are subject to certain factors and assumptions.
Cielo is making forward looking statements, with
respect to, but not limited to: the Shares for Debt Transaction,
including the terms thereof; and the Consolidation, including the
timing thereof.
Investors should continue to review and consider
information disseminated through news releases and filed by the
Company on SEDAR+. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended.
Forward-looking statements are not a guarantee
of future performance and involve a number of risks and
uncertainties, some of which are described herein. Such
forward-looking statements necessarily involve known and unknown
risks and uncertainties, which may cause the Company’s actual
performance and results to differ materially from any projections
of future performance or results expressed or implied by such
forward-looking statements. Any forward-looking statements are made
as of the date hereof and, except as required by law, the Company
assumes no obligation to publicly update or revise such statements
to reflect new information, subsequent or otherwise.
___________________________________
1 https://mopng.gov.in/en/page/68
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