Cielo Initiates Construction Planning THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
CALGARY, Alberta, April 10, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce that it has initiated planning and third-party discussions with regard to its first commercial facility (the “First Commercial Facility”), anticipated to be located in Dunmore, Alberta. Cielo is also pleased to provide an update with respect to the Company’s previously announced proposed private placement financing, initially proposed as an offering of convertible debentures, and amended to units consisting of common shares and warrants, with a designated affiliate or assignee of Crestmont Investments, LLC (in either case referred to as “Crestmont”), a New York-based investment firm focused on emerging opportunities in decarbonization, healthcare, technology, and special situations, and a non-arm’s length party to Cielo.
Cielo Initiates Construction Planning for First Commercial (globenewswire.com)