Cielo Waste Solutions Corp. Announces Settlement of Debt through Share Issuance
01/21/25, 2:05 AM
Location
Industry
natural resources
sustainability
Type
agreement
Cielo Waste Solutions Corp. has announced the anticipated settlement of an aggregate debt amount of $1,622,413.10 through a shares for debt transaction. The company intends to issue a total of 15,451,545 common shares to settle the debt, subject to the approval of the TSX Venture Exchange.
Company Info
Location
vancouver, washington, united states
Additional Info
Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Cielo is a publicly traded company with its shares listed to trade on the TSXV under the symbol “CMC,” on the Frankfurt Exchange under the symbol “C36”, as well as on the OTC Venture Market (“OTCQB”), under the symbol “CWSFF.” The Company’s strategic intent is to become a leading waste-to-fuel company using economically sustainable technology while minimizing the environmental impact. Cielo has a patented process that can convert waste feedstocks, including organic material and wood derivative waste, to fuel. Having demonstrated its ability to produce diesel and naphtha from waste, Cielo’s business model is to construct additional processing facilities. Cielo’s objective is to generate value by converting waste to fuel, while fueling the sustainable energy transition.
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