Cielo Announces New Securities for Debt Transactions, Replacing Previously Announced Transactions
Cielo Waste Solutions Corp. (CWSFF) has announced new securities for debt transactions to settle an aggregate debt of $1,797,195. The company plans to issue 35,943,847 Repayment Units at $0.05 per unit to settle $1,671,656.67 of the debt. Each unit includes one common share and one warrant, with warrants exercisable at $0.15 per share for two years.
Additionally, Cielo will settle the remaining $125,535.79 with an company insider through the issuance of 2,510,715 common shares at $0.05 per share, without warrants. These transactions replace previously announced arrangements from January 2025 that did not close. All securities will be subject to a 4-month hold period and require TSX Venture Exchange approval.
Cielo Waste Solutions Corp. (CWSFF) ha annunciato nuove emissioni di titoli per operazioni di debito finalizzate a saldare un debito complessivo di 1.797.195 $. L'azienda intende emettere 35.943.847 Repayment Units a 0,05 $ ciascuna per estinguere 1.671.656,67 $ del debito. Ogni unità comprende un'azione ordinaria e un warrant, con i warrant esercitabili a 0,15 $ per azione per un periodo di due anni.
Inoltre, Cielo salderà il residuo debito di 125.535,79 $ con un dirigente interno tramite l'emissione di 2.510.715 azioni ordinarie a 0,05 $ per azione, senza warrant. Queste operazioni sostituiscono gli accordi precedentemente annunciati per gennaio 2025 che non si sono concretizzati. Tutti i titoli saranno soggetti a un periodo di blocco di 4 mesi e necessiteranno dell'approvazione della TSX Venture Exchange.
Cielo Waste Solutions Corp. (CWSFF) ha anunciado nuevas emisiones de valores para transacciones de deuda con el fin de saldar una deuda total de 1.797.195 $. La empresa planea emitir 35.943.847 Unidades de Reembolso a 0,05 $ por unidad para liquidar 1.671.656,67 $ de la deuda. Cada unidad incluye una acción común y un warrant, siendo los warrants ejercitables a 0,15 $ por acción durante dos años.
Además, Cielo liquidará el saldo restante de 125.535,79 $ con un directivo interno mediante la emisión de 2.510.715 acciones comunes a 0,05 $ por acción, sin warrants. Estas transacciones reemplazan los acuerdos previamente anunciados para enero de 2025 que no se concretaron. Todos los valores estarán sujetos a un periodo de retención de 4 meses y requerirán la aprobación de la Bolsa de Valores TSX Venture.
Cielo Waste Solutions Corp. (CWSFF)는 총 1,797,195달러의 부채를 정산하기 위한 새로운 채무 증권 발행을 발표했습니다. 회사는 부채 중 1,671,656.67달러를 상환하기 위해 단가 0.05달러로 35,943,847개의 상환 단위를 발행할 계획입니다. 각 단위에는 보통주 1주와 워런트 1장이 포함되며, 워런트는 2년간 주당 0.15달러에 행사할 수 있습니다.
추가로, Cielo는 내부 임원에게 남은 125,535.79달러를 주당 0.05달러로 2,510,715주의 보통주를 발행하여 상환할 예정이며, 워런트는 포함되지 않습니다. 이 거래들은 2025년 1월에 발표되었으나 완료되지 않은 이전 계약을 대체합니다. 모든 증권은 4개월의 보호예수 기간이 적용되며 TSX 벤처 거래소의 승인을 받아야 합니다.
Cielo Waste Solutions Corp. (CWSFF) a annoncé de nouveaux titres pour des opérations de dette visant à régler une dette totale de 1 797 195 $. La société prévoit d'émettre 35 943 847 unités de remboursement à 0,05 $ chacune pour régler 1 671 656,67 $ de la dette. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à 0,15 $ par action pendant deux ans.
De plus, Cielo réglera le solde restant de 125 535,79 $ avec un initié de la société par l'émission de 2 510 715 actions ordinaires à 0,05 $ par action, sans bons de souscription. Ces opérations remplacent les accords annoncés en janvier 2025 qui n'ont pas été finalisés. Tous les titres seront soumis à une période de blocage de 4 mois et nécessiteront l'approbation de la TSX Venture Exchange.
Cielo Waste Solutions Corp. (CWSFF) hat neue Wertpapiere für Schulden-Transaktionen angekündigt, um eine Gesamtschuld von 1.797.195 $ zu begleichen. Das Unternehmen plant, 35.943.847 Rückzahlungseinheiten zu je 0,05 $ auszugeben, um 1.671.656,67 $ der Schulden zu tilgen. Jede Einheit beinhaltet eine Stammaktie und eine Wandeloption, wobei die Wandeloptionen für zwei Jahre zu je 0,15 $ pro Aktie ausgeübt werden können.
Zusätzlich wird Cielo die verbleibenden 125.535,79 $ mit einem Unternehmensinsider durch die Ausgabe von 2.510.715 Stammaktien zu 0,05 $ pro Aktie ohne Wandeloptionen begleichen. Diese Transaktionen ersetzen zuvor für Januar 2025 angekündigte Vereinbarungen, die nicht zustande kamen. Alle Wertpapiere unterliegen einer viermonatigen Sperrfrist und benötigen die Zustimmung der TSX Venture Exchange.
- Debt reduction of $1.79 million without cash expenditure
- Insider participation in debt settlement shows management confidence
- Significant dilution through issuance of over 38.4 million new shares
- Previous debt settlement attempt failed to close
- Securities issued at a low price of $0.05 per share
CALGARY, Alberta, May 16, 2025 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) (“Cielo” or the “Company”) announces the anticipated settlement of an aggregate
As announced on January 21, 2025, the Company had entered into agreements with certain arm’s length creditors (the “Creditors”) to complete shares for debt transactions (the “Prior Proposed Transactions”). The Prior Proposed Transactions did not close, as announced on April 30, 2025, however the Company is focused on completing securities for debt transactions with the Creditors with respect to their outstanding balances under revised and commercially reasonable terms.
The Company intends to issue 35,943,847 units (each, a “Repayment Unit”, collectively the “Repayment Units”) in aggregate to the Creditors at a price of
In addition, Cielo intends to settle the balance (
The Shares for Debt Transaction with the Insider (the “Insider Transaction”) is considered to be a “related party transaction” under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transaction (“MI 61-101”). The Company will rely upon the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in section 5.5 (a) and 5.7(1) (a), as the fair market value of the Insider Transaction does not exceed
The Units for Debt Transactions and the Shares for Debt Transaction are subject to the approval of the Exchange. Upon approval and issuance, the Repayment Securities will be subject to a hold period of 4 months.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABOUT CIELO
Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value products. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling environmental change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable technologies. Cielo is committed to helping society by providing environmental waste solutions, which the Company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”
For further information please contact:
Cielo Investor Relations
Ryan C. Jackson, CEO
Phone: (403) 348-2972
Email: investors@cielows.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, including but not limited to with respect to: the terms of the Units for Debt Transactions and Shares for Debt Transaction, including but not limited to the number of Repayment Shares and Repayment Units to be issued, the price, the MI 61-101 exemptions to be relied upon, and the execution of agreements with the creditors.
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.
FAQ
What is the total value of Cielo Waste Solutions (CWSFF) debt being settled in the new transaction?
How many new shares will Cielo Waste Solutions issue in the debt settlement?
What is the price per unit for Cielo's debt settlement securities?
What are the terms of the warrants included in Cielo's debt settlement units?
Why did Cielo's previous debt settlement transaction from January 2025 fail?
