Cielo Waste Solutions Secures $2 Million Through New Financing
Cielo Waste Solutions Announces Financing Opportunity
Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) is excited to share its latest plans to enhance its financing capabilities. The company is set to conduct a non-brokered private placement, aiming to raise gross proceeds of up to C $2,000,000 through the sale of 40,000,000 units at a price of $0.05 each.
Details of the Financial Offering
Each unit consists of one common share and one purchase warrant. The warrant permits holders to purchase another common share at a price of $0.07 each, valid for two years starting from the issuance date. This financial move is aimed at bolstering the company’s initiatives and supporting ongoing projects.
Use of Proceeds from the Offering
The funds generated from this offering are expected to be significant for Cielo’s future, particularly for the development of a waste-to-hydrogen facility. This project aligns with their commitment to sustainability by converting waste materials into valuable energy sources. Additionally, a portion of the proceeds will aid in meeting obligations under a settlement agreement with Expander Energy Inc.
Approvals and Finder's Fees
Finalization of this offering is contingent upon receiving necessary approvals from corporate entities and regulatory bodies, including the TSX Venture Exchange. While the offering is non-brokered, Cielo may engage certain finders for assistance, offering them a finder’s fee either in cash or securities.
Leadership's Perspective on the Financing
Ryan Jackson, the CEO of Cielo, emphasized that this round of financing is an essential step to maintain Cielo’s momentum on its growth projects. He indicated that the additional funds would not only fulfill previous funding obligations but also ensure that Cielo remains on track in advancing key regulatory and engineering milestones linked to Project Nexus in Northern British Columbia.
About Cielo Waste Solutions Corp.
Cielo Waste Solutions Corp. is dedicated to transforming waste into high-value energy products. With a focus on addressing global waste issues, Cielo is at the forefront of the circular economy, striving to reduce carbon emissions through innovative and sustainable practices. The commitment to providing environmentally friendly waste solutions positions Cielo as a leader in the waste-to-fuels sector.
Company's Contact Information
For further inquiries, interested parties can reach out to Cielo’s Investor Relations. Ryan C. Jackson, the CEO, is available at (403) 348-2972 or via email at investors@cielows.com to provide additional information.
Frequently Asked Questions
What is the amount Cielo is looking to raise through the offering?
Cielo is seeking to raise up to C $2,000,000 through the issuance of its units.
What does each unit in the offering consist of?
Each unit includes one common share and one warrant to purchase another common share at a specified price.
How will the proceeds from the offering be utilized?
The proceeds will support the development of a waste-to-hydrogen facility and cover obligations under a settlement agreement.
Who is leading Cielo Waste Solutions?
The company is led by CEO Ryan C. Jackson, who has a strong vision for its future projects.
How does Cielo contribute to environmental sustainability?
Cielo aims to convert waste materials into clean energy products, thereby alleviating waste challenges and promoting carbon emission reductions.
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