Cielo Waste Solutions Corp. develops clean energy products projects that convert waste-derived feedstocks into sustainable aviation fuel and other low-carbon energy products. The company’s recurring news centers on Project Nexus, the Nexus Platform, feedstock and technology partnerships, project evaluation and engineering work, and financing or grant-related steps tied to waste-to-energy development.
Company updates also include capital-structure actions, securities-for-debt transactions, stock option grants, exchange trading status, and shareholder communications following Cielo’s restructuring, wind-down of legacy operations, and strategic pivot toward sustainable aviation fuel projects across North America.
Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB:CWSFF) announced final approval for its shares to list on the TSX Venture Exchange starting June 24, 2021. The trading symbol 'CMC' remains unchanged, and shareholders need not take any action for the transition from the Canadian Securities Exchange (CSE). This move is expected to be seamless, with trading on the CSE concluding on June 23, 2021. CEO Don Allan expressed gratitude to the TSXV for assisting in expediting the listing process.
Cielo Waste Solutions Corp. has received conditional approval to list its common shares on the TSX Venture Exchange (TSXV), with the transition expected to occur shortly. The company plans to voluntarily delist from the Canadian Securities Exchange (CSE) immediately before trading begins on the TSXV, where it will retain its stock symbol 'CMC.' Cielo's CEO, Don Allan, expressed excitement about the move, highlighting its potential to enhance investor access and the company's global presence. The shares will continue to trade on the OTCQB under the symbol 'CWSFF.'
Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB:CWSFF) has announced its agreement to purchase a 60-acre property in Fort Saskatchewan, Alberta, for CAD $13 million. This land features a 31,750 sq ft building and existing infrastructure, which management believes will expedite facility construction and production timelines. Additionally, Cielo secured a CAD $12 million loan from First Choice Financial, with a 6% interest rate and favorable repayment terms. The loan is secured against Cielo's assets, and the company anticipates significant revenue increases upon completion of facility operations.
Cielo Waste Solutions Corp. (CSE: CMC, OTCQB: CWSFF) announced significant changes to its Board of Directors. Three members, Robin Ray, Mel Angeltvedt, and Lionel Robins, resigned for personal reasons, allowing Ryan Jackson to join as a new board member. Jackson brings extensive experience, having led successful business ventures and currently serving as managing director for RAMECO Group. CEO Don Allan expressed gratitude for the outgoing members' contributions and welcomed Jackson, highlighting the company's commitment to addressing global waste issues through innovative renewable fuel technology.
Cielo Waste Solutions Corp. has successfully completed a non-brokered, convertible debenture financing, raising gross proceeds of CDN$10,000,000. A total of 10,000 unsecured convertible debentures were issued, each at CDN$1,000, convertible into common shares at $1.02 within the term. The funds will be allocated for acquiring land in Edmonton, expanding production capacity, and general working capital. All debentures have been converted at a premium, reflecting strong shareholder confidence. The company aims to enhance its financial position significantly.
Cielo Waste Solutions Corp. has appointed the Hon. Peter MacKay and Jasdeep Dhaliwal to its Board of Directors, effective April 8, 2021. Stephanie Li will become the new Chief Financial Officer on May 10, 2021, succeeding Shawn Frenette, who will now focus on global development. MacKay, with extensive public service experience, aims to guide the company's growth in renewable energy and waste management. Dhaliwal, a Chartered Professional Accountant, brings risk management expertise. Cielo is expanding its operations in North America and aims to convert landfill waste into renewable fuels.
Cielo Waste Solutions Corp. has received a CDN$500,000 grant from Alberta Innovates to support a commercial feedstock demonstration of used railway ties at its Aldersyde facility. The total project cost is nearly CDN$900,000, pending approval from Alberta Environment & Parks. Cielo plans to conduct a 100 tonne demonstration followed by a larger 500 tonne trial over approximately three months. This initiative aims to produce renewable fuels from used railway ties, addressing environmental concerns linked to their current disposal methods.
Cielo Waste Solutions has announced the acceleration of the expiry date for 28,620,075 warrants due to the company’s stock trading above specified prices for the required number of days. The warrants will now expire on May 6, 2021. If all warrants are exercised, Cielo expects to gain gross proceeds of CDN$4,181,029. President and CEO Don Allan noted that the expiration of the warrants is beneficial as it strengthens the company's finances, and he expressed gratitude to shareholders for their support.
Cielo Waste Solutions Corp. has engaged Investor Cubed Inc. for investor relations services, effective March 28, 2021. The agreement includes a monthly fee of $7,000 and options to purchase 500,000 shares at $1.25 each, vesting quarterly. Cielo, a waste-to-renewable fuel company, employs patented technology to convert garbage into high-grade fuels. The company is expanding operations with plans for new facilities across North America. Investor Cubed aims to enhance Cielo's visibility and facilitate growth in the capital markets.
Cielo Waste Solutions announced management changes, including the appointment of Lionel Robins as COO and Raphael Bohlmann as VP of Marketing. Robins, previously CEO of Renewable U Energy Inc. (RUEI), brings extensive business experience, while Bohlmann has a strong marketing background. Cielo is progressing on joint ventures with RUEI for renewable fuel facilities across Canada and the U.S., with operational funding confirmed for the Dunmore, Alberta facility. These appointments aim to enhance leadership and reduce workload for CEO Don Allan as the company focuses on growth.