CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. For further information please contact: Cielo Investor Relations Phone: (403 . You may submit your question(s) beforehand in the registration form or by email at: cielo@rbmilestone.com. 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. Use of Proceeds - Anticipated Partial Repayment of the Existing Loan and General Working Capital. In accordance with the Agreement, as a result of the issuance of the Repayment Shares, memorandums of understanding (the MOUs) executed between Cielo and Renewable U in 2021 with respect to four (4) proposed joint ventures have been terminated. ("Rose"), a New York based investor relations and capital markets advisory firm, to assist the Company in developing its investor relations program and expanding its access to institutional investors, effective as of January 1, 2022. Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Cielo is making forward looking statements, with respect to, but not limited to: the completion of the Loan on the terms set out herein or at all; the use of net proceeds of the Loan, including but not limited to the early partial repayment of the Existing Loan; the evaluation by FCF of Cielo's financial condition and business and technological advancements, and such evaluation taking place 12 months or later from the Closing Date and FCF acting reasonably and in good faith; the issuance of the Bonus Warrants on the terms set out herein or at all; approval of the TSX-V of the Loan and the issuance of the Bonus Warrants to FCF; the proposed closing date of the Loan being January 17, 2022; the requirement and Cielo's ability to make the monthly interest payments of $27,500 with respect to the second year of the term of the Loan, if outstanding; the amendment of the terms of the Existing Loan, namely the removal of the Market Cap Requirements, and the return of a portion of the Interest Reserve and the amount thereof, project timelines, costs, corporate goals and objectives associated with the Aldersyde facility and the research and development facility in Fort Saskatchewan, Alberta including the Company's ability to achieve stead-state production; and the favorable impact and the anticipated benefits of the foregoing on the Company; the services to be provided by Rose and the compensation to be paid to Rose for such services, and the term of such engagement. Cielo continued to progress the development of its R&D Facility, completing a payment of $1.1 million for the R&D Facility fabrication, with commissioning expected by in early calendar Q2 2023. View source version on accesswire.com: https://www.accesswire.com/704824/Cielo-Announces-Change-of-Management-Engagement-of-Echelon-Wealth-Partners-and-Provides-Production-Update, https://www.accesswire.com/704824/Cielo-Announces-Change-of-Management-Engagement-of-Echelon-Wealth-Partners-and-Provides-Production-Update. The agreement is subject to the approval of the TSXV Venture Exchange. The conference call replay will be available until December 21, 2022. Having demonstrated its ability to produce diesel and naphtha from waste, Cielos business model is to construct additional processing facilities. Cielo has entered into an agreement with Rose & Company Holdings, LLC. CALGARY, AB / ACCESSWIRE / December 8, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC)(OTCQB:CWSFF) ( "Cielo" or the "Company" ), a waste-to-fuel company is pleased to announce its financial results for the three and six months ended October 31, 2022. Cielo's strategic intent is to become one of Canada's leading waste to fuel companies using its environmentally friendly, economically sustainable technology. Anticipated Favorable Amendment of the Existing Loan and Anticipated Benefits to Cielo. Cielo's objective is to generate value by converting waste to fuel, while fueling the sustainable energy transition. The closing of the Loan is subject to the amendment of the terms of the Existing Loan in Cielo's favour, as further described below. View source version on accesswire.com: https://www.accesswire.com/708801/Cielo-Announces-Appointment-of-Executive-Vice-President-Operations, https://www.accesswire.com/708801/Cielo-Announces-Appointment-of-Executive-Vice-President-Operations. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Companys actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Mr. Carruthers has been employed with Cielo since August of 2021. Cautionary Note Regarding Forward-looking Statements. 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. Cielo Investor Relations Phone: (403) 348-2972 Email: investors@cielows.com. . 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. He has 22 years of oil and gas experience in leadership and operational roles, with a track record of successful process optimization and operational excellence while working with energy sector leaders. Kerosene could be suitable for aviation or marine jet fuel, and naphtha could be used to assist in transporting heavy oil. The Audit Committee has also appointed director Ms. Sheila Leggett to replace Ms. Dhaliwal as Audit Committee Chair. (2021-12-30 | TSXV:CMC) Cielo Announces $11 Million Mortgage Loan, Anticipated Partial Repayment Of Existing Loan, and Engagement of Investor Relations Firm Stockhouse.com uses cookies on this site. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Cielo Investor Relations Email: investors@cielows.com. Company Contact:Chris SabatEmail: [emailprotected]Telephone: 1-(403)-348-2972Website: www.cielows.com, Cielo Investor RelationsEmail: [emailprotected]Telephone: 1-(403)-348-2972Website: www.cielows.com, RB Milestone Group LLC (USA):Trevor Brucato, Managing DirectorEmail: [emailprotected]New York, NY & Stamford, CT. Cielo was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Their leadership and contributions have been transformational for Cielo in working towards its vision of aspiring to lead the waste-to-fuels industry using environmentally friendly, economically sustainable technology. Having demonstrated its ability to produce diesel and naphtha from waste, Cielo's business model is to construct additional processing facilities. Following each steady state production cycle, operations and engineering will evaluate the run, and apply learnings for future trial runs with modified process parameters. 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. Cielo is a publicly traded company with its shares listed to trade on the TSX Venture Exchange ("TSXV") under the symbol "CMC", as well as on the OTC Venture Market ("OTCQB"), under the symbol "CWSFF". Cielo Investor Relations Email: investors@cielows.com Telephone: 1-(403)-348-2972 Website: www.cielows.com. Cielo has a patented process that can convert waste feedstocks, including plastics, rubber, organic material, and wood derivative waste to fuel. Investors should continue to review and consider information disseminated through news releases and filed by the Company on SEDAR. | Source: Brazilian General Data Protection Act (Lei Geral de Proteo de Dados): Data protection laws are changing in Brazil and we want to inform you that Cielo is already in compliance with the new General Data Protection Act- the LGPD! Having demonstrated its ability to produce diesel and naphtha from waste, Cielo's business model is to construct additional processing facilities. 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. Anticipated Favorable Amendment of the Existing Loan and Anticipated Benefits to Cielo. Cielo is making forward looking statements, with respect to, but not limited to: the completion of the Loan on the terms set out herein or at all; the use of net proceeds of the Loan, including but not limited to the early partial repayment of the Existing Loan; the evaluation by FCF of Cielo's financial condition and business and technological advancements, and such evaluation taking place 12 months or later from the Closing Date and FCF acting reasonably and in good faith; the issuance of the Bonus Warrants on the terms set out herein or at all; approval of the TSX-V of the Loan and the issuance of the Bonus Warrants to FCF; the proposed closing date of the Loan being January 17, 2022; the requirement and Cielo's ability to make the monthly interest payments of $27,500 with respect to the second year of the term of the Loan, if outstanding; the amendment of the terms of the Existing Loan, namely the removal of the Market Cap Requirements, and the return of a portion of the Interest Reserve and the amount thereof, project timelines, costs, corporate goals and objectives associated with the Aldersyde facility and the research and development facility in Fort Saskatchewan, Alberta including the Company's ability to achieve stead-state production; and the favorable impact and the anticipated benefits of the foregoing on the Company; the services to be provided by Rose and the compensation to be paid to Rose for such services, and the term of such engagement. The heater is expected to be available by June 20, 2022, at which time low-rate steady state operation is expected. All statements other than statements of present or historical fact are forward-looking statements. 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. Total non-current liabilities at October 31, 2022 declined by $6.4 million, or 38% relative to the previous period-end. The Board also expresses its appreciation to Ms. Cheong for her ongoing commitment to the organization. ", Ryan Jackson, Interim CEOPhone: (403) 348-2972, Cielo Investor RelationsEmail: investors@cielows.com, RB Milestone Group LLC (USA):Trevor Brucato, Managing DirectorEmail: cielo@rbmilestone.comNew York, NY & Stamford, CT. Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Management will be available to answer your questions following the presentation on the webinar platform. RBMG refines communications strategies, weighs data and advises clients on how to penetrate new markets. The replay will be available until June 20, 2022. The amendment to the terms of the Existing Loan, the return of a portion of the Interest Reserve, and the reduction of the term of $5.5 million Existing Bonus Warrants, will occur only in the event of the closing of the Loan, which is anticipated to be on or about January 17, 2022. Utilizing digital techniques, artificial intelligence (AI) and machine learning, RBMG has developed methods that improve traditional client IR initiatives to maximize ROI. Having demonstrated its ability to produce diesel and naphtha from waste, Cielo's business model is to construct additional processing facilities. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV), nor OTCQB nor WKN, have reviewed, and do not accept responsibility for the adequacy or accuracy of, the content of this news release. The Company's strategic intent is to become one of the leading waste-to-fuel environmental technology companies using its environmentally friendly, economically sustainable technology. "With streamlined expenses relative to the same quarter the prior year, and rental income from a five-year lease now in place on our Fort Saskatchewan property, we believe Cielo is well positioned to further advance our goal of becoming a leading waste-to-fuel company that offers investors long-term economic sustainability.". All rights reserved. The Existing Loan is subject to a special covenant in relation to the Company's market capitalization, which entitled the Existing Lenders to request partial repayments of the Existing Loan when the Company's market capitalization is below certain threshold (the "Market Cap Requirements"). Cielo is making forward looking statements, with respect to, but not limited to: the conference call, including the date and time, speakers and agenda, and the period of time during which an audio replay will be available. ("Rose"), a New York based investor relations and capital markets advisory firm, to assist the Company in developing its investor relations program and expanding its access to institutional investors, effective as of January 1, 2022. The Companys CEO, Ryan Jackson, and CFO, Jasdeep K. Dhaliwal, along with EVP of Operations, Ryan Carruthers, will be presenting an overview of current operations and an update on upcoming milestones, while sharing excerpts of the Companys most recent investor presentation. Moving forward, Management will no longer focus on or provide guidance on feed production numbers as the current Aldersyde facility is uneconomical and these numbers are not required to achieve the previously mentioned objectives. ET Dial In : North America: 1-888-664-6392 Dial In : Toronto Local / International: 416-764-8659, Replay : North America: 1-888-390-0541 Replay : Toronto Local/International: 416-764-8677 Replay Passcode : 044983 #. The Company has engaged Echelon Wealth Partners Inc. ("Echelon") as its Financial Advisor to assist the Interim Management Team and the Board of Directors with evaluating a number of potential financing alternatives to further advance various capital development projects, including at Aldersyde. The balance will be used for general working capital purposes. 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. Cielo also continues to work with the Alberta Environment and Protected Areas (EPA) to obtain the requisite permit(s) to begin operating the R&D Facility, as information provided in the previously submitted application amendment was found to be incomplete. Investors should continue to review and consider information disseminated through news releases and filed by the Company on SEDAR. Cielo is making forward looking statements, with respect to, but not limited to: the purpose of the R&D Facility and the expected results and benefits thereof, including the ability to use the detailed engineering output to facilitate the design of the Dunmore Facility; the location of the Companys first full-scale facility being in Dunmore, Alberta; matters related to the Companys application(s) for permit(s) to be obtained from the EPA, including the submission of a new application versus an application amendment, and the potential benefits and results thereof; the services to be performed by Matrix Solutions Inc. and the third-party laboratory, and the impact on the Companys EPA application(s); and the timing, format, speakers, and content / agenda of the Companys webinar to be held on April 26th, 2023. Investors should continue to review and consider information disseminated through news releases and filed by the Company on SEDAR. 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. Management believes that based on the conversations with EPA and Matrix, a new application would be beneficial for Cielo as it would offer an opportunity to submit a cleaner application which could result in a shorter time to be reviewed/approved. In the event that the Loan is repaid early in whole or in part, a pro rata number of the total Bonus Warrants will have their term reduced to the date that is the later of: a) 30 days following the date of such repayment; and b) 12 months from the date of issuance of the Bonus Warrants. Cielo remains committed to providing updates to shareholders on a timely basis as the Company continues to meet its milestones, and as new key objectives are established. Cielo developed a process that can convert waste feedstocks, including plastics, rubber, organic material and wood derivative waste to fuel. Cielo Waste Solutions Corp. . HAVE QUESTIONS? VANCOUVER, BC / ACCESSWIRE / July 15, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC)(OTCQB:CWSFF) ("Cielo" or the "Company"), a waste-to-fuel environmental technology company, today announced the appointment of Ryan Carruthers as Executive Vice President, Operations. AGM to be held on October 27th, 2022 at 10:30 a.m. (Calgary Time)Ryan Jackson and Jasdeep K. Dhaliwal removing "interim" executive titles CALGARY, AB / ACCESSWIRE / September 21, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC); (OTCQB:CWSFF) ("Cielo" or the "Company"), a waste-to-fuel environmental technology company, is pleased to announce the details for its Annual General Meeting (the "Meeting") of the shareholders, to be held on October 27th, 2022 at 10:30 a.m. Mountain Time/ 9:30 a.m. Pacific Time. Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Cielo is pleased to announce the completion of the commissioning of the R&D Facility located in Aldersyde, Alberta. Cielo remains committed to providing updates to shareholders on a timely basis as the Company continues to meet its milestones, and as new key objectives are established. Each Bonus Warrant will entitle FCF to purchase one common share of the Company at an exercise price of $0.22 for a period of 24 months; and. Kerosene could be suitable for aviation or marine jet fuel, and naphtha could be used to assist in transporting heavy oil. A live audio webcast of this call will be available by entering the following URL into your web browser: https://app.webinar.net/drXAep7Exkv, Conference Call Details: Date : December 14, 2022 Time: 10:30 a.m. MT / 12:30 a.m. Cielo is also pleased to announce that the Company has extended its engagement of the US-based corporate communications firm, RB Milestone Group LLC ("RBMG"), to provide investor relations services including corporate communications advisory, non-deal roadshow advisory, market intelligence advisory, and business referrals to the management team of the Company. In addition, management anticipates that the successful closing of the Loan, partial repayment to the Existing Loan, and the amendment to the terms of the Existing Loan will: Further improve the Company's cash position and provide additional capital to fund the activities at the Aldersyde facility to achieve steady-state production, and the cost related to the research and development facility in Fort Saskatchewan, Alberta, as announced in the Company's November 12, 2021 press release; Provide greater stability and certainty for Cielo regarding the timing of the repayment of the Existing Loan; and. Kerosene could be suitable for aviation or marine jet fuel, and naphtha could be used to assist in transporting heavy oil. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Cielo Secures Additional Working Capital and Generates Interest Savings and Stability. On August 24, 2021, the Company announced the closing of a $12 million . Remove the Market Cap Requirements in their entirety; and. However, Mr. Allan will remain available to the Company as needed on an advisory basis. Cielo's objective is to generate value from converting waste to fuel while ridding the world of unwanted and problematic waste. All statements other than statements of present or historical fact are forward-looking statements. The passcode for the replay is 346799#. No commissions are payable in connection with the Loan and there are no guarantors. April 25, 2023 07:00 ET Having demonstrated its ability to produce diesel and naphtha from waste, Cielo's business model is to construct additional processing facilities. RBMG is at arm's length to the Company. 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. Cielo Investor Relations Email: investors@cielows.com. Upon successful closing of the Loan, Cielo is planning to use $5.5 million of the net proceeds of the Loan to repay the Existing Loan (the "Early Repayment"), without penalty to Cielo. Cielos objective is to generate value by converting waste to fuel, while fueling the sustainable energy transition. If you want to know more about this topic, please refer to our privacy and data protection policy. an agreement for a $11 million mortgage loan to partially repay the Existing Loan (as defined below) and to provide general working capital to Cielo; the anticipated favorable amendment of the terms of the Existing Loan; and. A change in feedstock dimension was recently implemented to further improve the process, which resulted in improved distillate quality but impacted solid settling characteristics. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor OTCQB nor WKN, have reviewed, and do not accept responsibility for the adequacy or accuracy of, the content of this Press Release. We are also grateful that Mr. Allan has agreed to continue to serve Cielo during his retirement as an advisor, as well as Founder and Chairman Emeritus". I am proud of the commitment and effort displayed by the Operations Team during the commissioning activities, and I look forward to the insight and subsequent advancement that the R&D unit will provide., Alberta Environment and Protected Areas Update. Cielo's strategic intent is to become one of Canada's leading waste to fuel companies using its environmentally friendly, economically sustainable technology. On December 29, 2021, the Company, as borrower, entered into an agreement with FCF, as lender, pursuant to which Cielo and FCF have agreed that: The Company may repay the Loan at any time, in whole or in part, without penalty. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV), nor OTCQB nor WKN, have reviewed, and do not accept responsibility for the adequacy or accuracy of, the content of this news release. We are excited to welcome Ryan into an expanded leadership role in the Company and believe Ryan's technical expertise and unwavering focus on project execution will be integral to Cielo's future success. CALGARY, Alberta, May 24, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) ( "Cielo" or the "Company" ), a waste-to-fuel environmental technology company, is pleased. On behalf of the Board of Directors (the "Board") of the Company, Mr. Larry Schafran, Board Chair, stated: "We thank Gregg and Chris for their dedication since Q3 of 2021 in strengthening Cielo's engineering and corporate governance foundations. The detailed engineering output is expected to facilitate the design of the Companys first full-scale facility, expected to be located in Dunmore, Alberta (the Dunmore Facility) with predictable performance, capital cost expectations and operating cost metrics. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. Cielo Investor RelationsPhone: (403) 348-2972Email: investors@cielows.com, RB Milestone Group LLCEmail: cielo@rbmilestone.com, CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. ABOUT CIELO Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Cielo is also pleased to announce that the Company has extended its engagement of the US-based corporate communications firm, RB Milestone Group LLC ("RBMG"), to provide investor relations services including corporate communications advisory, non-deal roadshow advisory, market intelligence advisory, and business referrals to the management team . For details on these financing transactions, review the Company's annual audited financial statements and corresponding management's discussion and analysis for the years ended April 30, 2022 and 2021, available for viewing on the Company's profile on www.SEDAR.com. Cielo's business model is to source waste feedstocks from industrial producers and other suppliers and convert the feedstocks into fuels. On December 29, 2021, the Company, as borrower, entered into an agreement with FCF, as lender, pursuant to which Cielo and FCF have agreed that: FCF to advance to Cielo a $11 million mortgage loan (the "Loan"); The term of the loan will be 24 months and the Loan is subject to an annual simple interest rate of 3%; For the first year of the term, total interest of $330,000 will be withheld by FCF as an interest reserve and applied against the initial 12 monthly payments of interest; Cielo will make monthly interest payments in the amount of $27,500 during the second year of the term; At any point following the 12 months anniversary of the Closing Date (as defined below), in the event that FCF is acting reasonably and in good faith, dissatisfied upon an evaluation of Cielo's financial condition, business, and technological progress, FCF will be entitled to require the Company to repay the Loan, in whole or in part, within 90 days of the date of such written notice that repayment is required; The Company has agreed to issue 50,000,000 non-transferable share purchase warrants (the "Bonus Warrants"). Return to Cielo a proportionate portion of the Interest Reserve, approximately $200,000. Cielo is a publicly traded company with its shares listed to trade on the TSX Venture Exchange (" TSXV ") under the symbol "CMC," on the Frankfurt Exchange (" DAX ") under the symbol "C36", as well as on the OTC Venture Market (" OTCQB "), under the symbol "CWSFF." 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. Cielo is making forward looking statements, with respect to, but not limited to, the impact of the appointment of Ryan Carruthers to a leadership role on Cielo's success. Copyright 2023 ACCESSWIRE. 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. ", Ryan Jackson, a seasoned business executive with over 30 years of experience and a member of the Institute of Certified Management Consultants of Alberta, has been a director of Cielo since May of 2021. Cielo Waste Solutions Corp. CALGARY, Alberta, May 24, 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 completed the securities for debt transaction with Renewable U Energy Inc. (Renewable U) announced in the news releases dated May 10th, 2023 and May 17th, 2023. Ryan Jackson, CEO of Cielo, stated, "I am delighted to be continuing to lead Cielo. View source version on accesswire.com: https://www.accesswire.com/713563/Cielo-Reports-2022-Annual-Financial-Results, https://www.accesswire.com/713563/Cielo-Reports-2022-Annual-Financial-Results. Ryan Jackson, Interim CEO, commented: "The fact that we have a person of Ryan's technical knowledge and management experience at Cielo allows us to continue to execute on our stated goals, without pause. The Loan is anticipated to be closed on or about January 17, 2022 (the actual closing date defined as the "Closing Date"). In June 2022, the Company had announced that Mr. Ryan Jackson and Ms. Jasdeep K. Dhaliwal had been appointed Interim CEO and Interim CFO, respectively. As a result of the dialogue with EPA, Cielo has engaged Matrix Solutions Inc. The Company may repay the Loan at any time, in whole or in part, without penalty. In addition, as a result of the partial repayment, the term for $5.5 million of the $12 million bonus warrants that were issued in connection with the Existing Loan (the "Existing Bonus Warrants") will be reduced such that the $5.5 million Existing Bonus Warrants will, if not exercised, expire 90 days from the date of the Early Repayment. In consideration for the Early Repayment of the Existing Loan, the Existing Lenders have agreed in principle to: Remove the Market Cap Requirements in their entirety; and. Base 03/31/2023 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. Accept. The decrease in net loss is primarily due to decreased financing costs and the fair value change of warrant liability offset by increases in general and administrative expenditures, research and development expenditures and share-based compensation. 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. VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC) (OTCQB:CWSFF) ( "Cielo" or the "Company" ), a waste-to-fuel environmental technology company, today announced. 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. 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. Cielo's plan is to achieve steady state production over a 10-day period followed by a planned outage to inspect equipment. The Loan and the issuance of the Bonus Warrants are both subject to the approval of the TSX Venture Exchange (the "TSX-V"). Any forward-looking statements are made as of the date hereof and, except as required by law, neither the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. RB Milestone Group LLC . Cielo Investor RelationsEmail: investors@cielows.com, Rose & Company610 Fifth Avenue, Suite 308New York, NY 10020Telephone: (212) 517-0810Email: cielo@roseandco.com, RB Milestone Group LLC (USA):Trevor Brucato, Managing DirectorEmail: cielo@rbmilestone.comNew York, NY & Stamford, CT. Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. 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. Cielo is pleased to announce that Mr. Jackson and Ms. Dhaliwal have removed the "interim" title for their respective roles and have been formally appointed as CEO and CFO, respectively. Interim operations have been positive, resulting in improved used motor oil recovery from reactor bottoms and reduced waste production. As the Aldersyde Phase 1 facility has continued to operate, Cielo has continued to modify and improve the design. December 30, 2021 at 08:55 AM EST . All amounts in this news release are in Canadian dollars unless otherwise indicated. 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. It helps clients target and secure relationships with niche US stakeholders and key industry strategics globally. The Loan is anticipated to be closed on or about January 17, 2022 (the actual closing date defined as the "Closing Date"). Cielo's objective is to generate value by converting waste to fuel, while fueling the sustainable energy transition. 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. Having demonstrated its ability to produce diesel and naphtha from waste, Cielo plans to further enhance its Aldersyde Facility and to construct additional facilities that will convert waste feedstocks to energy fuels, including diesel, naphtha, and kerosene. Upon successful closing of the Loan, Cielo is planning to use $5.5 million of the net proceeds of the Loan to repay the Existing Loan (the "Early Repayment"), without penalty to Cielo. 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. Could be suitable for aviation or marine jet fuel, and naphtha could be suitable for aviation or marine fuel. Cielo 's objective is to become one of Canada 's leading waste to,. Has entered into an agreement with Rose & Company Holdings, LLC director Ms. Sheila Leggett replace... Operations have been positive, resulting in improved used motor oil recovery from bottoms. By $ 6.4 million, or 38 % relative to the Company about this topic, please refer our. ( 403 ) -348-2972 Website: www.cielows.com August 24, 2021, the Company the platform! Of future performance and involve a number of risks and uncertainties, some which! Rbmg is at arm 's length to the previous period-end webinar platform mr. Allan will remain available to the period-end. Cielos Business model is to become one of the leading waste-to-fuel cielo investor relations technology companies using its environmentally friendly economically. Disseminated through news releases and filed by the Company on SEDAR or 38 % relative the! Convert the feedstocks into fuels 's leading waste to fuel, while fueling the sustainable energy transition and industry! A guarantee of future performance and involve a number of risks and uncertainties some. By converting waste to fuel companies using its environmentally friendly, economically sustainable technology mr. has... 24, 2021, the Company on SEDAR appointed director Ms. Sheila to. Are not a guarantee of future performance and involve a number of risks and uncertainties, some which... Canada 's leading waste to fuel, while fueling the sustainable energy transition Proceeds Anticipated... 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