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Cielo Waste Solutions announced the final closing of its non-brokered private placement of unsecured convertible debenture units, raising a total of C $2.13 million. The last tranche included 90 units for C $90,000, resulting in 90 debentures and 225,000 warrants. Each debenture unit is priced at C $1,000 and includes 2,500 detachable share purchase warrants. The debentures accrue interest at 12% per annum, payable semi-annually and are convertible into common shares at C $0.40 per share. The warrants allow purchase of shares at C $0.70 per share for 24 months. The proceeds will fund renewable fuel projects in Alberta and general corporate purposes.
Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF), a renewable fuel company, announced the appointment of MNP LLP as their new auditor.
This change is in line with the company's ongoing strategy to improve financial oversight and corporate governance. The necessary documentation has been filed on www.sedarplus.ca.
Cielo Waste Solutions Corp. confirms a key equipment order and an environmental permit application, advancing its Carseland Bio-SynDiesel® Project towards commercialization. The project aims to produce low carbon fuel from wood by-products, targeting 8 million liters per year of Bio-SynDiesel® and Bio-SynJet® by 2026. The Biomass Gasifier order integrates with Cielo's licensed EBTL™ process, producing clean syn-gas for fuel production. The Company has submitted a permit application to Alberta Environment and Protected Areas for project construction, showing commitment to sustainable fuel production.