Cielo Takes Bold Stand Against Misleading Claims
Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) is firmly addressing a misleading press release recently issued by Expander Energy Inc. The Company passionately defends its position and seeks to clarify its stance for the benefit of its shareholders.
Concerns Over Misleading Information
The core of Cielo's concerns lies in what it perceives as numerous material misstatements present in Expander's release. The Company emphasizes that the inaccuracies were not mere oversights, but deliberate actions that may mislead stakeholders.
Highlighting the Misstatements
One significant issue raised by Cielo is the improper attribution of statements by third parties to the Company. Expander inaccurately represented various opinions as factual assertions, potentially damaging the Company's reputation. Cielo categorically rejects these claims, underlining that they do not align with the facts.
Highlighting Unusual Behavior
Cielo's skepticism extends to what it views as Expander's unusual behavior and intentions. For example, in its press release, Expander raised concerns about financial statements made available months prior, indicating a lack of prior engagement. Such actions lead Cielo to question the motives behind these public disclosures.
Protecting Shareholder Interests
The Company is committed to is protecting its shareholders and maintaining the integrity of its operations. It is taking all necessary steps to counter what it perceives as detrimental behavior from Expander.
Invite for Constructive Dialogue
Ryan C. Jackson, Chief Executive Officer of Cielo, acknowledges the importance of constructive dialogue. Cielo has repeatedly invited Expander and shareholders to collaborate meaningfully for the benefit of all involved.
Reviewing Ongoing Developments
The Company continues to thoroughly review the requisition submitted by Expander, demonstrating its commitment to transparency and shareholder engagement.
Thanking Support from Shareholders
Cielo remains grateful for the ongoing support received from its shareholders amidst these challenges. This support reinforces the Company’s resolve to act in the best interests of all stakeholders.
Legal Advisory and Upcoming Events
In pursuit of safeguarding its interests, Cielo has retained Norton Rose Fulbright Canada LLP as its legal advisor. Furthermore, an upcoming corporate update webinar featuring CEO Ryan C. Jackson will offer insights into the Company's path forward. A new date for this webinar will be communicated shortly.
ABOUT CIELO
Cielo Waste Solutions is at the forefront of transforming waste into valuable renewable fuels. The Company aims to address global environmental challenges while significantly contributing to the circular economy and mitigating carbon emissions. By focusing on innovative, eco-friendly technologies, Cielo uniquely positions itself as a leader in the wood by-product-to-fuels industry. With a mission to change fuels instead of vehicles, Cielo invites investors and stakeholders to join in its commitment to sustainable practices.
Frequently Asked Questions
What is the primary concern Cielo has with Expander's press release?
Cielo argues that Expander's press release is materially misleading, containing misstatements that could harm the Company’s reputation.
How is Cielo protecting its shareholders?
Cielo is taking necessary legal and operational steps to counter the misleading claims and ensure shareholder interests are upheld.
What invitation has Cielo extended to Expander?
Cielo has invited Expander and all shareholders to engage in constructive dialogue for mutual benefit.
Who is Cielo’s legal advisor?
Cielo has retained Norton Rose Fulbright Canada LLP as its legal advisor to navigate these matters.
What is Cielo’s mission?
Cielo is committed to transforming waste into renewable fuels while contributing positively to the environment and the circular economy.
