Cielo Waste Solutions Corp.

publicPublic Group

We specialize in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill r......

people38 Members

Cielo Waste Solutions Corp.

publicPublic Group

We specialize in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill r... ...

people38 Members

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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

https://www.linkedin.com/pulse/linkedin-energy-access-social-justice-issue-jim-kim/?trackingId=JGQxnJvF2Rl9PLOpXQL5pg%3D%3D&lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_content%3BNuuU6qenSqCLWDZXTQJefg%3D%3D&licu=urn%3Ali%3Acontrol%3Ad_flagship3_search_srp_content-object




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PKen14 hours

PKen has joined the group Cielo Waste Solutions Corp.

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Tyler Wilson has joined the group Cielo Waste Solutions Corp.

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Grant Ackney has joined the group Cielo Waste Solutions Corp.

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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

our latest press release with a small operational update. This is only the beginning of 2018 and we are making strides. We look forward to progressing with our refinery and spreading the story to new investors and updating existing investors.

https://fscwire.com/newsrelease/cielo-announces-operational-update-grant-options-and-rsus-and-executive-appointment


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Hi Michael, I appreciate the update!! A few
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oops.. hit the post accidentally. A few questions that pops up in my mind while reading this new update. 1. Great to hear Cielo got 4 major equipments at a significant discount. Percentage wise, how much more does Cielo needs to purchase at this time? 2. Just curious if all the required permits are now in good order. I didn't notice it in the posted reasons so just wondering. 3. Does Cielo have any thoughts of graduating to TSX once the first continuous flow plant has been validated? 4. For new and old investors, we see the delay of the 1st plant building since 2014. What makes this year 2018 different from the past years "delay" in building the first plant? Congratulation for being the new VP of Business Development and Capital Markets!!
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Hi Potchi Thanks for the questions. I will try my best to answer each one. 1. I can't give you an exact percentage of the equipment that's left. Reason being is that each equipment we purchase needs to be refit for our purposes as such needs equipment to do that. But what I can say is that chatting internally we are on track in meeting a late spring 2018 on stream date. 2. We are still awaiting provincial approval. We have recieved our municipality approval already. 3. We have not made any final decisions on graduation to the TSX but we have had prior discussions. We wont make any decisions until the plant is in production. 4. The biggest difference is financing. The past years our biggest hurdles was financing as that determined the start date and visibility on purchasing equipment. 5. Thanks, it is a great team and company to be part of. I hope that helps Cheers.


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lee7 days

lee has joined the group Cielo Waste Solutions Corp.

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Nenge M'Boko has joined the group Cielo Waste Solutions Corp.

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Eric Lobo11 days

Eric Lobo has joined the group Cielo Waste Solutions Corp.

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Jerry Kobylt posted an update in the group CIELO WASTE SOLUTIONS CORP.

About "Alberta Municipalities explore options for eliminating recyclable products" This is a dumb question, but I assume Cielo has people kicking the governments door down with a "hello!" We have a solution. And can we qualify for some government funding? Free money is amazing.


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Hi Jerry, we have been approved for government grants in the past. We are always working with the government for grants. However as we cannot determine the timing of these grants we take a conservative approach and not include them into our business plan. We definitely welcome them as they come (and we do actively apply for them as they come)... As you put free money is amazing !



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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

We hoped everyone had a wonderful holiday with friends and family. We are off to a great start for the year with volumes hitting over 1 million shares traded yesterday. We watch our share move from $0.05 on December 30th 2016 to $0.21 on December 29th 2017, with all of our planned operations this year we are excited to continue to increase shareholder value in 2018. Below link is one that discusses recycling in Alberta and the policy changes that are happening in China. Sharon Howland with Calgary's Waste and Recycling Services department said the implications of the Chinese government's restrictions on mixed paper and plastic is "astounding." This represents a potentially huge opportunity just in our backyards in Alberta. http://www.cbc.ca/news/canada/edmonton/recycling-alberta-municipalities-china-1.4468201

http://www.cbc.ca/news/canada/edmonton/recycling-alberta-municipalities-china-1.4468201


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That's great news!


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carterlanfranco has joined the group Cielo Waste Solutions Corp.

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bills2516 days

bills25 has joined the group Cielo Waste Solutions Corp.

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bstien25 days

bstien has joined the group Cielo Waste Solutions Corp.

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Jerry Kobylt has joined the group Cielo Waste Solutions Corp.

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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

My friend Jeff Stevens at Datametrex, who also introduced us to 8020, is quite active with his company. As an appreciation of him introducing us to the 8020 platform, I would like to give him a shout out. If you need an interesting artificial intelligence story to look at head on over to his group at Datametrex. They just pressed released that Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) has signed a Collaboration Agreement with Revive Therapeutics Ltd. ("Revive") (TSXV:RVV) (OTCQB:RVVTF) to develop the blockchain component in Revive’s proprietary patient-focused program enabled by artificial intelligence (“AI”) dedicated to the medical cannabis industry.




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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

https://www.youtube.com/watch?v=R6STgnA19dg



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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

Happy holidays everyone. See link on our latest press release on the extension for our Marketing Services by Elbow River Marketing and a statement by our CEO, Don Allan. https://www.fscwire.com/newsrelease/cielo-announces-extension-agreement-marketing-services In addition, Don recently did a video about Cielo. To view please click the link https://www.youtube.com/watch?v=R6STgnA19dg Have a safe and happy holiday. Best regards, Michael

https://www.fscwire.com/newsrelease/cielo-announces-extension-agreement-marketing-services




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Wilson27 days

Wilson has joined the group Cielo Waste Solutions Corp.

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8020Admin posted an update in the group CIELO WASTE SOLUTIONS CORP.


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You can actually add Youtube or Vimeo embed codes and get the video to show up in feed. Simply click the camera icon in the update box and paste the full embed code in the box the opens up. Hope this helps.


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Heiko Schoelch posted an update in the group CIELO WASTE SOLUTIONS CORP.

Thank you Don Allan for the great update interview! Always nice for team investors to stay in tune with progress at Cielo. I liked the format, would be nice to see one of your engineers on an update in the future, if that is possible of course. I was hopping you would seem more excited like me, but that's ok. Just imagined you jumping up and down in your chair like me. Best Regards, Heiko


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Hi Heiko, Don was definitely jumping up and down on the inside but given it was a video he was a bit nervous. Thank you for your support. Happy holidays.


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DArcy posted an update in the group CIELO WASTE SOLUTIONS CORP.

Hi Dennis, Just an 8020 tip for the future. If you click the paper icon, and then drop your link their it comes out as a easy to open link.. Thank you to all valued members for your posts

http://www.cielows.com/news.php?art=64


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Darcy replied 27 days ago
Sorry Dennis, I meant to say paper "clip" icon (Link)


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Dennis posted an update in the group CIELO WASTE SOLUTIONS CORP.

new interview on Small Cap Power with Don Allan http://www.cielows.com/news.php?art=64





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8020Admin29 days

8020Admin  started the topic  Cielo Waste Solutions Corp. CMC News Alert: Announces Q2 Financial Results

Cielo Announces Q2 Financial Results, Operational Update and Share Issuance

Vancouver, British Columbia (FSCwire) - CSE:CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Company") today announced its second quarter (Q2) financial results for the quarter ended October 31, 2017.

 

Highlights from Three and Six Months Ended October 31, 2017

 

1. July 10, 2017 - Cielo announced that the Company had received its Development Permit from the MD of Foothills #31. Receipt of the permit was a major milestone for Cielo, as it was issued subject only to standard terms and conditions, with which Cielo’s management is confident it can easily comply.

 

2. July 20, 2017 - Cielo announced the hiring of Kwik-Fab Energy Services to dismantle the Company’s demonstration plant in Red Deer, AB and proceed with converting it from a 50 liter an hour batch process demonstration plant into a 350 liter an hour continuous flow refinery that will produce high grade renewable diesel at the Company’s facility in High River, Alberta.

 

3. July 27, 2017 - Cielo announced the signing of a multi-year feedstock agreement with Mountain View Eco Products. This agreement will provide Cielo, at a fixed cost, an ample supply of sawdust and wood shavings to fulfill 100% of the feedstock requirements for the Company’s first commercial waste to renewable diesel refinery, which is currently under construction on the Company’s High River, Alberta property. Cielo has the ability to use multiple different garbage-derived feedstocks in its renewable diesel refineries.

 

4. September 18, 2017 -  Cielo announced that its demonstration plant (the “Demo Plant”) in Red Deer, AB had been dismantled for the purposes of moving it to Cielo’s property in High River, AB to begin to retrofit the existing refinery into Cielo’s first commercial plant. With the Demo Plant dismantled, Cielo began identifying vendors for the larger equipment needed to complete the retrofitting. Cielo has moved its operational offices from an industrial park in Red Deer County to downtown Red Deer, Alberta.

 

5. September 18, 2017 – Cielo announced that PanOptic Automation Solutions (“PanOptic”) has been selected to handle the automation installation for the Company’s initial refinery.  PanOptic is a privately-owned Calgary based consulting firm providing automation and instrumentation. PanOptic will become a strategic partner to oversee the optimization, automation and remote monitoring of the Company’s proprietary waste to renewable diesel refineries.

 

6. Over three of four tranches in July, August and September 2017, Cielo raised gross proceeds of $2,283,236 ($1,048,236 of which was settlement for debt). The net proceeds from all three tranches are being used to continue with the construction of Cielo’s first commercial waste to energy refinery as well as for general working capital.

 

This news release should be read in conjunction with Cielo’s unaudited financial statements and the accompanying notes, as at and for the three and six months ended October 31, 2017, together with the related Management Discussion and Analysis. Those documents are available on SEDAR (www.sedar.com) and on the Cielo website at www.cielows.com.

 

Operational Update

 

All process drawings for Phase 1 have now been completed. As construction advances occur, Cielo’s engineering team is making improvements to the design of the continuous flow modular refineries that are being built on the Company’s High River property. These design changes will optimize the operational efficiencies of Cielo’s refineries. Cielo has approximately 80% of the work completed for the 1st350 liter per hour refinery and 75% of the design work completed on its 1,800 liter per hour refinery that will be commissioned after the first refinery is up and running. Notwithstanding not knowing what the timing will be to receive the prerequisite approval of the EPEA Permit from Alberta Environmental and Parks, Cielo anticipates that its first continuous flow refinery will be fully operational in the spring of 2018.

 

Cielo also announces today that it has issued 1,538,461 common shares (the “Share(s)”) at $0.13 per Share for gross proceeds of $200,000, for the purposes of repayment of debt.

 

For more information please contact:

 

Cielo Waste Solutions Corp.

Don Allan, President & CEO

(403) 348-2972 Ext. 101

donallan@cielows.com

www.cielows.com

 

About Cielo Waste Solutions Corp.

 

Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. The garbage-derived feedstocks include sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel.

 

Cautionary Note Regarding Forward-looking Statements

 

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. 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. 

 

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, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. 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.

 

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. 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.

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cielo12152017.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC, FWB:C36)




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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

We provided a press release on Friday on our quarterly financials. please see our press release attached http://thecse.com/sites/default/files/investorx/CMC/1712071321416136.pdf




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Yolando Yap has joined the group Cielo Waste Solutions Corp.

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Heiko Schoelch posted an update in the group CIELO WASTE SOLUTIONS CORP.

Excellent technology, excited to be an investor with a company that changes the way we live, for the better of everyone on this planet!


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Hi Heiko, thank you for your support. If you have any questions feel free to post them or get in touch with me.


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Heiko Schoelch has joined the group Cielo Waste Solutions Corp.

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Kyle H1 month

Kyle H has joined the group Cielo Waste Solutions Corp.

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Harman Dhaliwal has joined the group Cielo Waste Solutions Corp.

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Bob Cramer1 month

Bob Cramer has joined the group Cielo Waste Solutions Corp.

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J Labo1 month

J Labo has joined the group Cielo Waste Solutions Corp.

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Gerry Gendron posted an update in the group CIELO WASTE SOLUTIONS CORP.

This is for you Michael Yeung; just wondering would it help our cause to do a clip about Cielo on BNN.Maybe to early? seem`s to help other stocks.Cheers,Gerry G.


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Hi Gerry, We have not done a clip on BNN but are looking at various different platforms for our marketing program. We appreciate the suggestion!


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Dave1 month

Dave has joined the group Cielo Waste Solutions Corp.

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Dennis1 month

Dennis has joined the group Cielo Waste Solutions Corp.

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Sean B has joined the group Cielo Waste Solutions Corp.

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Gerry Gendron posted an update in the group CIELO WASTE SOLUTIONS CORP.

Glad to be part of the group,really like this format and keep on going Don;thanks for the opportunity.Cheers




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Gerry Gendron has joined the group Cielo Waste Solutions Corp.

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Bob Zazulak has joined the group Cielo Waste Solutions Corp.

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Phillip Shum has joined the group Cielo Waste Solutions Corp.

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Marc Morin1 month

Marc Morin has joined the group Cielo Waste Solutions Corp.

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Shane Kopec has joined the group Cielo Waste Solutions Corp.

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Potchi V posted an update in the group CIELO WASTE SOLUTIONS CORP.

Hey! Great to see Cielo in 8020 Connect. A few questions I have for Cielo and thanks in advance! Nov 9, 2017 News release - "Cielo had applied to the Alberta provincial regulator for a permit to build and operate the Refinery and continues to work closely with the provincial regulator to ensure that the operating permit can be obtained as quickly as possible. " 1. When is the expected approval of the permit? 2. When is the expected completion of the 350 liter/ hour plant? 3. The first plant should be fully funded from the recent equity funding and Credit Facility. Any other outside factors that could delay the building of the first plan assuming the building permit is all good to go? 4. Any update from the retrofitting and old/new purchase of equipments? 5. What's the Ebitda projection for a 350 liter/hour and a 2,000 liter / hour plant? 6. Are you also looking into licensing deals worldwide once the continuous flow plant technology has been verified? 7. Can't find the information regarding the Company's total shares including convertible warrants and debentures. Please advise. Thanks Potchi


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Actually just found the answer for question 6. Fully Diluted: 196,158,472. Thanks
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Hi Potchi v, thank you for the questions. 1. expected approval of provincial permits - we are expecting approval over the next couple of months. We can not guarantee as the government will move as the government moves. But we are in continuous discussion with them. 2. We anticipate that our 1st continuous flow commercial refinery (the retrofit) will be operational shortly after the permit grant. At the moment we anticipate spring of 2018 3. we cannot foresee any outside factors besides the approval of the permits. Like as you mentioned we are fully funded for our 1st commercial refinery 4. we are moving forward as we have purchased number of equipment and awarded contracts to all the trades. This is a very exciting time for us. 5. forecasted projections at the moment of the 356 l/h plant is targeted to be at about $1.3MM. forecasted projections of the 1,824 l/h plant is about $14MM. Again these are always moving and not actuals ... as these are just predictions. 6. We are entertaining ideas of licensing, joint ventures, royalties etc. but have NOT settled on a globalization plan at the moment. current focus is to get the refinery up and running! I hope that helps.
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Thanks Michael! Excellent profit margin!!! How are the designs coming along with the 356 l/h plant and 1,824 l/h plant? If I remember correctly you had a news release that the first plant designs is almost done and the larger plant design is about 85% complete?
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Hi Potchi the designs are for the 356 l/h are being modified as we are buying equipment from the auction as such doesn't fit exactly as planned. As an example a flare that was originally designed we found a larger flare stack at the auction at the fraction of the price. But from a sign perspective we will not be hindered with our target goal of spring 2018 to be in production - again depending on timing of the grants of the permit etc. the 1,824 l/h designs are nearly complete but as you can expect our near term focus is on our 1st continuous flow commercial refinery. We are very excited of our progress and the news will continue to flow. We continue to believe we are extremely undervalued and expect the stock price to continue to have positive momentum as we progress. i hope that helps!
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Hi Michael, do you have a corporate presentation that will give a company overview and outlook of Cielo for new investors? I think this might be a good way of giving new guys a snapshot of the company as opposed to looking at a number of sedar reports (like I did) hehehe.
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Hi Potchi, we are in the middle of revamping our presentation and website. Once the website is launched our presentation will be available there. Cheers,


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Potchi V1 month

Potchi V has joined the group Cielo Waste Solutions Corp.

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8020Admin1 month

8020Admin  started the topic  Cielo Waste Solutions Corp. CMC News Alert: Becomes a Member of the 8020 Community

Cielo Waste Solutions Inc. Becomes a Member of the 8020 Community



Cielo Waste Solutions Inc. Becomes a Member of the 8020 Community



Surrey, British Columbia (FSCwire) - Cielo Waste Solutions Inc. (the "Company" or "Cielo") is pleased to announce that it recently became a member of the 8020 Connect community. 8020 Connect (www.8020connect.com) is the investment industry's newest and most trusted investor community. The investor platform is developed to deliver corporate information to shareholders, investment industry experts and like-minded investors, while enabling group members to interact with one another and with the corporation’s management team.

 

Through the 8020 Connect shareholder and investor platform, Cielo can communicate its corporate message and update advancements and financial information to all shareholders and investors in a timely and effective fashion. The 8020 Connect provides a monitored and professional environment, allowing the company to respond to questions and manage group conversations. The 8020 Connect platform and services will provide Cielo an opportunity to expand its audience to other interested investors and industry experts worldwide.

 

Looking for a new way to be informed? Join the new Cielo Investor Group on 8020Connect https://www.8020connect.com/groups/cielo-waste-solutions-corp

 

For more information please contact:

 

Cielo Waste Solutions Corp.

Don Allan, President & CEO

(403) 348-2972 Ext. 101

donallan@cielows.com

www.cielows.com

 

About Cielo Waste Solutions Corp. 

 

Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks, including sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel, at a significantly lower cost than biofuel companies.

 

About 8020 Connect Inc.

 

8020 Connect is a social and interactive investment community which expands the way shareholders and interested investors access and gather information from public corporations. Built as a hybrid social media and shareholder and management engagement platform, corporations can direct the flow of information to prospective and existing investors through both static and dynamic content. This will allow public companies to build their investment brand and investor awareness while maintaining digital media compliance in a growing online investment community.

 

Cautionary Note Regarding Forward-looking Statements 

 

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 forwardlooking statements. 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.  

 

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, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. 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.

 

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. 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.

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cielo12072017.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC, FWB:C36)




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George Ivkovic has joined the group Cielo Waste Solutions Corp.

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8020Admin1 month

8020Admin  started the topic  Cielo Waste Solutions Corp. CMC News Alert: Closes Final Tranche of $3,273,236 Private Placement Offering and Provides Operational Update

Cielo Closes Final Tranche of $3,273,236 Private Placement Offering and Provides Operational Update 

Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to announce the closing of the final tranche of the Company's $3 million private placement offering (the “Offering)” of units (“Unit(s)”), raising gross proceeds of $990,000 in this tranche. A total of $3,273,236 was raised through the Offering, exceeding the original maximum target of $3,000,000 by $273,236.  

 

 The Offering consisted of $0.10 Units, each Unit being comprised of 1 common share and one half of one warrant. Each full warrant ("Warrant") has an exercise price of $0.20 and an expiration date of twelve months from the date of issuance of the Units. In the event that Cielo's common shares, trade at $0.30 or higher for 5 consecutive days at any time after 14 weeks from the date of issuance of the Units, Cielo will have the right to issue a notice to the Warrant holders that the term of the Warrants has been reduced to 30 days from the date of such notice. Any Warrants that have not been exercised on or before such 30-day period will automatically expire.

 

The net proceeds of the Offering, together with the funds from the recently announced credit facility (November 6, 2017), will be used to complete the construction and commissioning of the Company’s first commercial, continuous flow, waste (derived from garbage) to high grade renewable diesel refinery (the “Refinery”), and for working capital purposes.

 

Cielo's President and CEO, Don Allan, stated “We are very appreciative of the strong support from our shareholders. The fact that we exceeded our maximum target reflects confidence in both our team and our game changing technology.  With the closing of our Offering and our $3.5 million credit facility, we are not only fully financed for construction but have working capital in place until we begin to receive revenues.  We are confident that this refinery, which will validate the scalability and commercial viability of our technology, will be up and running in the near future. We are excited about finally being well capitalized as well as being able to see a clear path toward generating significant revenues and deploying our technology globally.”

 

In connection with this final tranche of the Offering, Cielo paid $30,400 in cash commissions. All securities issued pursuant to the Offering will be subject to a statutory four-month hold period.   

 

As a director of the Company participated in the Offering, the participation constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions (“MI 61-101”). Cielo has relied on the exemption from the formal valuation requirements of MI 61-101 contained in section 5.5(a) and (b) of MI 61-101 on the basis that the fair market value of the transaction was not more than Twenty-Five Percent (25%) of the market capitalization of Cielo and no securities of Cielo are listed on a specified market set out in such section and Cielo relied on the exemption from the minority shareholder approval requirements of MI 61-101 contained in Section 5.7(1)(a) and 5.7(1)(b) of MI 61-101 on the basis of the fair market value of the transaction not being more than Twenty-Five Percent (25%) of the market capitalization of Cielo and $2,500,000. Cielo did not file a material change report in respect of the related party transaction at least 21 days before the closing of this tranche of the Offering, as Cielo was not aware of the director’s participation in the Offering at such time.

 

Operational Update

 

Cielo’s technology has been proven to work in the Company’s demonstration refinery (“Demo Refinery”) utilizing multiple different waste feedstock streams, including municipal solid waste, tires, plastics and wood waste converting all of them, on a cost-effective basis, into high grade renewable diesel fuel, in batches of up to 50 liters an hour. Cielo is now in the process of converting its Demo Refinery into a 350 liter per hour (2.9 million liter per year) continuous flow refinery. Once Cielo validates that the retrofitted Demo Refinery can operate, on a continuous flow basis, Cielo plans to scale-up the size of its refineries to produce about 2,000 liters an hour (16 million liters a year) of high grade renewable diesel. Thereafter, Cielo intends to build multiple modular refineries around the world, offsetting landfills and other feedstock supplies.

After having been granted a development permit from the MD of Foothills #31 municipal district in July 2017, which is subject to customary conditions, Cielo had applied to the Alberta provincial regulator for a permit to build and operate the Refinery and continues to work closely with the provincial regulator to ensure that the operating permit can be obtained as quickly as possible.

 

Cielo continues to work with vendors of new and used equipment so as to finalize the acquisition of the major pieces of equipment needed to complete the construction of the Refinery. All unnecessary equipment that was on the Company's property in High River, Alberta, which was acquired and previously announced in April 2017, has been removed and the utilities have been turned on.  The fabrication has begun, with major pieces of equipment in the process of either being modified or fabricated.  

 

 For more information please contact:

 

Cielo Waste Solutions Corp.

Don Allan, President & CEO

(403) 348-2972 Ext. 101

donallan@cielows.com

www.cielows.com

 

 About Cielo Waste Solutions Corp.

 

 Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks, including sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel, at a significantly lower cost than biofuel companies.

 

Cautionary Note Regarding Forward-looking Statements

 

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. 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.  

 

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, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. 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.

 

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. 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.

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cielo11092017.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC)


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Copyright © 2017 Filing Services Canada Inc.




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8020Admin  started the topic  Cielo Waste Solutions Corp. CMC News Alert: Announces a Significant Transaction as it Closes its Previously Announced $3.5 Million Credit Facility to Fund 1st Commercial Garbage to High Grade Renewable Diesel Refinery

Cielo Announces a Significant Transaction as it Closes its Previously Announced $3.5 Million Credit Facility to Fund 1st Commercial Garbage to High Grade Renewable Diesel Refinery



Cielo Announces a Significant Transaction as it Closes its Previously Announced $3.5 Million Credit Facility to Fund 1st Commercial Garbage to High Grade Renewable Diesel Refinery


Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to announce that it has completed its financing arrangement with a private Alberta based lender (the “Lender”).  Cielo and the Lender have entered into a loan agreement (the “Loan Agreement”), whereby the Lender will make available up to $3,500,000 (the “Credit Facility”) until September 30, 2018, to be used by Cielo primarily for the conversion of its first commercial refinery (the “Commercial Refinery”) on its property in High River, Alberta (the “Property”). 

 

Cielo's President and CEO, Don Allan, stated “Closing the Credit Facility is a significant milestone for Cielo as we now have full funding in place that allows us to build our first commercial waste to renewable diesel refinery using our proprietary technology.  These are very exciting times as we can now focus on completing the construction and operations of our “game changing” technology into commercial status.  We are ecstatic about the countless opportunities we have in front of us.  We thank our new financial partner for recognizing the potential that our technology has to significantly impact solving the world crisis of dealing with landfill waste.  Additionally, we’d like to thank our stakeholders for their continued support as we roll out our technology globally.”

 

Credit Facility Details:

 

The Credit Facility is structured as a non-revolving line of credit with security held by the Lender over all assets, including the Property and all other real property, of Cielo, subordinating other secured lenders of Cielo.  The Credit Facility bears simple interest at 12% annually. Payments of interest only are payable until September 30th, 2018, after which time regular payments of principal together with interest will become payable until the loan matures in June 2022. Cielo is able to repay the loan without penalty any time after September 30th, 2018.

 

Cielo has obtained close to $2,500,000 of the full available amount of the Credit Facility in order to repay and discharge its existing mortgage on the Property with XR Resources Inc., such mortgage previously announced on April 19, 2017, and also to exercise its option to purchase the demonstration plant (the “Demo Plant”) it was previously leasing from FS Business Enterprises Inc., pursuant to a Purchase Option Agreement dated October 26, 2016, also previously announced on October 27, 2016.  The Demo Plant is being converted into the Commercial Refinery on the Property

 

As partial consideration for the Credit Facility, Cielo has issued 25,000,000 bonus warrants (the “Warrant(s)”) to the Lender, each Warrant exercisable to purchase one common share of Cielo at an exercise price of $0.20 (the “Exercise Price”), subject to adjustments for any reorganizations or dilutive events during the term of the Warrants.  In accordance with the terms of the Warrants, in the event that Cielo issues additional common shares at a price (or convertible securities with an exercise price) lower than the Exercise Price or the market price at the time, whichever is higher, the Lender will be entitled to receive additional securities at a slightly decreased price, subject to the maximums and terms imposed by the Canadian Securities Exchange.  In the event that an exercise of Warrants by the Lender results in the Lender holding at least 10% of the voting securities of Cielo, the Lender will be entitled to nominate a director pursuant to a Nomination Rights Agreement for so long as its holdings of voting securities remain at 10% or over.  The Warrants expire on the earlier of (i) November 2, 2022 and (ii) the later of (A) November 2, 2019 and (B) 30 days following full repayment of the Loan, but not later than 5 years from the issuance date.

 

1888711 Alberta Inc. (“1888”), a private Alberta corporation related by certain officers and directors of the Company, who is party to a license agreement with Cielo dated June 14, 2016 (the “License Agreement”), previously announced on June 15, 2016, acts as guarantor for the Credit Facility.  The parties have also agreed to a restated and amended version of the License Agreement, dated November 1, 2017, providing for clear terms on which Cielo is able to purchase the rights granted to 1888 at any time following the 14th day of operations of the Commercial Refinery based on the production of the Commercial Refinery and any other refineries in operation at the time, terminating the agreement.

 

Material agreements and full details of the foregoing will be available under Cielo's profile on SEDAR (www.sedar.com ).

 

Results of AGSM – Annual General and Special Meeting

 

Cielo is also pleased to announce the results of its Annual General and Special Meeting (“AGSM”) held on October 26, 2017. All the resolutions presented to the shareholders were approved, including the re-election of auditors A. Chan & Company, LLC, fixing of the board of directors at five, approval of all director nominees, namely Don Allan, Robin Ray, Chris Dovbniak, Doug Mackenzie, and Mel Angeltvedt, and the approval of the amended fixed stock option plan (the “Stock Option Plan”) and the Restricted Share Unit Plan (the “RSU Plan”), which will together form the complete incentive plans for the Company.   The Stock Option Plan allows for a maximum of 11,212,730 options to be granted and the RSU Plan allows for a maximum of 7,475,154 restricted share units to be granted, together representing 14.6% of the total issued and outstanding shares of Cielo as at today’s date.

 

Disclosure Under Early Warning Requirements

 

The following additional information regarding the Lender's acquisition of the Warrants is disclosed for and on behalf of the Lender, BJK Holdings Ltd. of 238 - 22 Street North, Lethbridge, Alberta, T1H 3R7, pursuant to the early warning requirements of applicable Canadian securities legislation.  The Lender acquired the Warrants for investment purposes in connection with the Credit Facility, and did not previously own or control any securities of Cielo.  Upon acquiring ownership and control of the Warrants effective November 2, 2017 (with escrow release conditions satisfied the next day), the Lender was deemed for the purpose of the early warning requirements to have acquired and to be the beneficial owner of the 25,000,000 Class A voting common shares of the Company underlying the Warrants, representing a securityholding percentage therein of approximately 16.4% based on the number of Cielo common shares currently outstanding and assuming the issue of an additional 25,000,000 shares pursuant to the Warrants.  A report under the early warning requirements will be filed by the Lender with applicable Canadian securities regulators, and a copy thereof will be available under the Company's profile on SEDAR (www.sedar.com) or on request from Cielo at the contact number below.

 

For more information please contact:

 

Cielo Waste Solutions Corp.
Don Allan, President & CEO
(403) 348-2972 Ext. 101
donallan@cielows.com
www.cielows.com

 

About Cielo Waste Solutions Corp.

 

 

Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. The garbage-derived feedstocks include sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel.

 

Cautionary Note Regarding Forward-looking Statements 

 

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. 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.  
 

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, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. 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.  
 

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. 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. 

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. 



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cielo11062017.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC)

To follow Cielo Waste Solutions Corp. on your favorite social media platform or financial websites, please click on the icons below. 

 

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Cielo Waste Solutions Corp.

publicPublic Group

We specialize in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill r......

people38 Members

Cielo Waste Solutions Corp.

publicPublic Group

We specialize in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill r... ...

people38 Members

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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

https://www.linkedin.com/pulse/linkedin-energy-access-social-justice-issue-jim-kim/?trackingId=JGQxnJvF2Rl9PLOpXQL5pg%3D%3D&lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_content%3BNuuU6qenSqCLWDZXTQJefg%3D%3D&licu=urn%3Ali%3Acontrol%3Ad_flagship3_search_srp_content-object




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PKen14 hours

PKen has joined the group Cielo Waste Solutions Corp.

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Tyler Wilson has joined the group Cielo Waste Solutions Corp.

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Grant Ackney has joined the group Cielo Waste Solutions Corp.

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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

our latest press release with a small operational update. This is only the beginning of 2018 and we are making strides. We look forward to progressing with our refinery and spreading the story to new investors and updating existing investors.

https://fscwire.com/newsrelease/cielo-announces-operational-update-grant-options-and-rsus-and-executive-appointment


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Hi Michael, I appreciate the update!! A few
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oops.. hit the post accidentally. A few questions that pops up in my mind while reading this new update. 1. Great to hear Cielo got 4 major equipments at a significant discount. Percentage wise, how much more does Cielo needs to purchase at this time? 2. Just curious if all the required permits are now in good order. I didn't notice it in the posted reasons so just wondering. 3. Does Cielo have any thoughts of graduating to TSX once the first continuous flow plant has been validated? 4. For new and old investors, we see the delay of the 1st plant building since 2014. What makes this year 2018 different from the past years "delay" in building the first plant? Congratulation for being the new VP of Business Development and Capital Markets!!
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Hi Potchi Thanks for the questions. I will try my best to answer each one. 1. I can't give you an exact percentage of the equipment that's left. Reason being is that each equipment we purchase needs to be refit for our purposes as such needs equipment to do that. But what I can say is that chatting internally we are on track in meeting a late spring 2018 on stream date. 2. We are still awaiting provincial approval. We have recieved our municipality approval already. 3. We have not made any final decisions on graduation to the TSX but we have had prior discussions. We wont make any decisions until the plant is in production. 4. The biggest difference is financing. The past years our biggest hurdles was financing as that determined the start date and visibility on purchasing equipment. 5. Thanks, it is a great team and company to be part of. I hope that helps Cheers.


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lee7 days

lee has joined the group Cielo Waste Solutions Corp.

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Nenge M'Boko has joined the group Cielo Waste Solutions Corp.

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Eric Lobo11 days

Eric Lobo has joined the group Cielo Waste Solutions Corp.

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Jerry Kobylt posted an update in the group CIELO WASTE SOLUTIONS CORP.

About "Alberta Municipalities explore options for eliminating recyclable products" This is a dumb question, but I assume Cielo has people kicking the governments door down with a "hello!" We have a solution. And can we qualify for some government funding? Free money is amazing.


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Hi Jerry, we have been approved for government grants in the past. We are always working with the government for grants. However as we cannot determine the timing of these grants we take a conservative approach and not include them into our business plan. We definitely welcome them as they come (and we do actively apply for them as they come)... As you put free money is amazing !



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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

We hoped everyone had a wonderful holiday with friends and family. We are off to a great start for the year with volumes hitting over 1 million shares traded yesterday. We watch our share move from $0.05 on December 30th 2016 to $0.21 on December 29th 2017, with all of our planned operations this year we are excited to continue to increase shareholder value in 2018. Below link is one that discusses recycling in Alberta and the policy changes that are happening in China. Sharon Howland with Calgary's Waste and Recycling Services department said the implications of the Chinese government's restrictions on mixed paper and plastic is "astounding." This represents a potentially huge opportunity just in our backyards in Alberta. http://www.cbc.ca/news/canada/edmonton/recycling-alberta-municipalities-china-1.4468201

http://www.cbc.ca/news/canada/edmonton/recycling-alberta-municipalities-china-1.4468201


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That's great news!


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carterlanfranco has joined the group Cielo Waste Solutions Corp.

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bills2516 days

bills25 has joined the group Cielo Waste Solutions Corp.

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bstien25 days

bstien has joined the group Cielo Waste Solutions Corp.

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Jerry Kobylt has joined the group Cielo Waste Solutions Corp.

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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

My friend Jeff Stevens at Datametrex, who also introduced us to 8020, is quite active with his company. As an appreciation of him introducing us to the 8020 platform, I would like to give him a shout out. If you need an interesting artificial intelligence story to look at head on over to his group at Datametrex. They just pressed released that Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM) (FSE:D4G) has signed a Collaboration Agreement with Revive Therapeutics Ltd. ("Revive") (TSXV:RVV) (OTCQB:RVVTF) to develop the blockchain component in Revive’s proprietary patient-focused program enabled by artificial intelligence (“AI”) dedicated to the medical cannabis industry.




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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

https://www.youtube.com/watch?v=R6STgnA19dg



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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

Happy holidays everyone. See link on our latest press release on the extension for our Marketing Services by Elbow River Marketing and a statement by our CEO, Don Allan. https://www.fscwire.com/newsrelease/cielo-announces-extension-agreement-marketing-services In addition, Don recently did a video about Cielo. To view please click the link https://www.youtube.com/watch?v=R6STgnA19dg Have a safe and happy holiday. Best regards, Michael

https://www.fscwire.com/newsrelease/cielo-announces-extension-agreement-marketing-services




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Wilson27 days

Wilson has joined the group Cielo Waste Solutions Corp.

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8020Admin posted an update in the group CIELO WASTE SOLUTIONS CORP.


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You can actually add Youtube or Vimeo embed codes and get the video to show up in feed. Simply click the camera icon in the update box and paste the full embed code in the box the opens up. Hope this helps.


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Heiko Schoelch posted an update in the group CIELO WASTE SOLUTIONS CORP.

Thank you Don Allan for the great update interview! Always nice for team investors to stay in tune with progress at Cielo. I liked the format, would be nice to see one of your engineers on an update in the future, if that is possible of course. I was hopping you would seem more excited like me, but that's ok. Just imagined you jumping up and down in your chair like me. Best Regards, Heiko


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Hi Heiko, Don was definitely jumping up and down on the inside but given it was a video he was a bit nervous. Thank you for your support. Happy holidays.


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DArcy posted an update in the group CIELO WASTE SOLUTIONS CORP.

Hi Dennis, Just an 8020 tip for the future. If you click the paper icon, and then drop your link their it comes out as a easy to open link.. Thank you to all valued members for your posts

http://www.cielows.com/news.php?art=64


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Darcy replied 27 days ago
Sorry Dennis, I meant to say paper "clip" icon (Link)


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Dennis posted an update in the group CIELO WASTE SOLUTIONS CORP.

new interview on Small Cap Power with Don Allan http://www.cielows.com/news.php?art=64





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8020Admin29 days

8020Admin  started the topic  Cielo Waste Solutions Corp. CMC News Alert: Announces Q2 Financial Results

Cielo Announces Q2 Financial Results, Operational Update and Share Issuance

Vancouver, British Columbia (FSCwire) - CSE:CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Company") today announced its second quarter (Q2) financial results for the quarter ended October 31, 2017.

 

Highlights from Three and Six Months Ended October 31, 2017

 

1. July 10, 2017 - Cielo announced that the Company had received its Development Permit from the MD of Foothills #31. Receipt of the permit was a major milestone for Cielo, as it was issued subject only to standard terms and conditions, with which Cielo’s management is confident it can easily comply.

 

2. July 20, 2017 - Cielo announced the hiring of Kwik-Fab Energy Services to dismantle the Company’s demonstration plant in Red Deer, AB and proceed with converting it from a 50 liter an hour batch process demonstration plant into a 350 liter an hour continuous flow refinery that will produce high grade renewable diesel at the Company’s facility in High River, Alberta.

 

3. July 27, 2017 - Cielo announced the signing of a multi-year feedstock agreement with Mountain View Eco Products. This agreement will provide Cielo, at a fixed cost, an ample supply of sawdust and wood shavings to fulfill 100% of the feedstock requirements for the Company’s first commercial waste to renewable diesel refinery, which is currently under construction on the Company’s High River, Alberta property. Cielo has the ability to use multiple different garbage-derived feedstocks in its renewable diesel refineries.

 

4. September 18, 2017 -  Cielo announced that its demonstration plant (the “Demo Plant”) in Red Deer, AB had been dismantled for the purposes of moving it to Cielo’s property in High River, AB to begin to retrofit the existing refinery into Cielo’s first commercial plant. With the Demo Plant dismantled, Cielo began identifying vendors for the larger equipment needed to complete the retrofitting. Cielo has moved its operational offices from an industrial park in Red Deer County to downtown Red Deer, Alberta.

 

5. September 18, 2017 – Cielo announced that PanOptic Automation Solutions (“PanOptic”) has been selected to handle the automation installation for the Company’s initial refinery.  PanOptic is a privately-owned Calgary based consulting firm providing automation and instrumentation. PanOptic will become a strategic partner to oversee the optimization, automation and remote monitoring of the Company’s proprietary waste to renewable diesel refineries.

 

6. Over three of four tranches in July, August and September 2017, Cielo raised gross proceeds of $2,283,236 ($1,048,236 of which was settlement for debt). The net proceeds from all three tranches are being used to continue with the construction of Cielo’s first commercial waste to energy refinery as well as for general working capital.

 

This news release should be read in conjunction with Cielo’s unaudited financial statements and the accompanying notes, as at and for the three and six months ended October 31, 2017, together with the related Management Discussion and Analysis. Those documents are available on SEDAR (www.sedar.com) and on the Cielo website at www.cielows.com.

 

Operational Update

 

All process drawings for Phase 1 have now been completed. As construction advances occur, Cielo’s engineering team is making improvements to the design of the continuous flow modular refineries that are being built on the Company’s High River property. These design changes will optimize the operational efficiencies of Cielo’s refineries. Cielo has approximately 80% of the work completed for the 1st350 liter per hour refinery and 75% of the design work completed on its 1,800 liter per hour refinery that will be commissioned after the first refinery is up and running. Notwithstanding not knowing what the timing will be to receive the prerequisite approval of the EPEA Permit from Alberta Environmental and Parks, Cielo anticipates that its first continuous flow refinery will be fully operational in the spring of 2018.

 

Cielo also announces today that it has issued 1,538,461 common shares (the “Share(s)”) at $0.13 per Share for gross proceeds of $200,000, for the purposes of repayment of debt.

 

For more information please contact:

 

Cielo Waste Solutions Corp.

Don Allan, President & CEO

(403) 348-2972 Ext. 101

donallan@cielows.com

www.cielows.com

 

About Cielo Waste Solutions Corp.

 

Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. The garbage-derived feedstocks include sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel.

 

Cautionary Note Regarding Forward-looking Statements

 

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. 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. 

 

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, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. 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.

 

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. 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.

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cielo12152017.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC, FWB:C36)




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Michael Yeung posted an update in the group CIELO WASTE SOLUTIONS CORP.

We provided a press release on Friday on our quarterly financials. please see our press release attached http://thecse.com/sites/default/files/investorx/CMC/1712071321416136.pdf




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Yolando Yap has joined the group Cielo Waste Solutions Corp.

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Heiko Schoelch posted an update in the group CIELO WASTE SOLUTIONS CORP.

Excellent technology, excited to be an investor with a company that changes the way we live, for the better of everyone on this planet!


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Hi Heiko, thank you for your support. If you have any questions feel free to post them or get in touch with me.


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Heiko Schoelch has joined the group Cielo Waste Solutions Corp.

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Kyle H1 month

Kyle H has joined the group Cielo Waste Solutions Corp.

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Harman Dhaliwal has joined the group Cielo Waste Solutions Corp.

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Bob Cramer1 month

Bob Cramer has joined the group Cielo Waste Solutions Corp.

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J Labo1 month

J Labo has joined the group Cielo Waste Solutions Corp.

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Gerry Gendron posted an update in the group CIELO WASTE SOLUTIONS CORP.

This is for you Michael Yeung; just wondering would it help our cause to do a clip about Cielo on BNN.Maybe to early? seem`s to help other stocks.Cheers,Gerry G.


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Hi Gerry, We have not done a clip on BNN but are looking at various different platforms for our marketing program. We appreciate the suggestion!


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Dave1 month

Dave has joined the group Cielo Waste Solutions Corp.

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Dennis1 month

Dennis has joined the group Cielo Waste Solutions Corp.

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Sean B1 month

Sean B has joined the group Cielo Waste Solutions Corp.

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Gerry Gendron posted an update in the group CIELO WASTE SOLUTIONS CORP.

Glad to be part of the group,really like this format and keep on going Don;thanks for the opportunity.Cheers




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Gerry Gendron has joined the group Cielo Waste Solutions Corp.

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Bob Zazulak has joined the group Cielo Waste Solutions Corp.

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Phillip Shum has joined the group Cielo Waste Solutions Corp.

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Marc Morin1 month

Marc Morin has joined the group Cielo Waste Solutions Corp.

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Shane Kopec has joined the group Cielo Waste Solutions Corp.

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Potchi V posted an update in the group CIELO WASTE SOLUTIONS CORP.

Hey! Great to see Cielo in 8020 Connect. A few questions I have for Cielo and thanks in advance! Nov 9, 2017 News release - "Cielo had applied to the Alberta provincial regulator for a permit to build and operate the Refinery and continues to work closely with the provincial regulator to ensure that the operating permit can be obtained as quickly as possible. " 1. When is the expected approval of the permit? 2. When is the expected completion of the 350 liter/ hour plant? 3. The first plant should be fully funded from the recent equity funding and Credit Facility. Any other outside factors that could delay the building of the first plan assuming the building permit is all good to go? 4. Any update from the retrofitting and old/new purchase of equipments? 5. What's the Ebitda projection for a 350 liter/hour and a 2,000 liter / hour plant? 6. Are you also looking into licensing deals worldwide once the continuous flow plant technology has been verified? 7. Can't find the information regarding the Company's total shares including convertible warrants and debentures. Please advise. Thanks Potchi


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Actually just found the answer for question 6. Fully Diluted: 196,158,472. Thanks
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Hi Potchi v, thank you for the questions. 1. expected approval of provincial permits - we are expecting approval over the next couple of months. We can not guarantee as the government will move as the government moves. But we are in continuous discussion with them. 2. We anticipate that our 1st continuous flow commercial refinery (the retrofit) will be operational shortly after the permit grant. At the moment we anticipate spring of 2018 3. we cannot foresee any outside factors besides the approval of the permits. Like as you mentioned we are fully funded for our 1st commercial refinery 4. we are moving forward as we have purchased number of equipment and awarded contracts to all the trades. This is a very exciting time for us. 5. forecasted projections at the moment of the 356 l/h plant is targeted to be at about $1.3MM. forecasted projections of the 1,824 l/h plant is about $14MM. Again these are always moving and not actuals ... as these are just predictions. 6. We are entertaining ideas of licensing, joint ventures, royalties etc. but have NOT settled on a globalization plan at the moment. current focus is to get the refinery up and running! I hope that helps.
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Thanks Michael! Excellent profit margin!!! How are the designs coming along with the 356 l/h plant and 1,824 l/h plant? If I remember correctly you had a news release that the first plant designs is almost done and the larger plant design is about 85% complete?
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Hi Potchi the designs are for the 356 l/h are being modified as we are buying equipment from the auction as such doesn't fit exactly as planned. As an example a flare that was originally designed we found a larger flare stack at the auction at the fraction of the price. But from a sign perspective we will not be hindered with our target goal of spring 2018 to be in production - again depending on timing of the grants of the permit etc. the 1,824 l/h designs are nearly complete but as you can expect our near term focus is on our 1st continuous flow commercial refinery. We are very excited of our progress and the news will continue to flow. We continue to believe we are extremely undervalued and expect the stock price to continue to have positive momentum as we progress. i hope that helps!
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Hi Michael, do you have a corporate presentation that will give a company overview and outlook of Cielo for new investors? I think this might be a good way of giving new guys a snapshot of the company as opposed to looking at a number of sedar reports (like I did) hehehe.
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Hi Potchi, we are in the middle of revamping our presentation and website. Once the website is launched our presentation will be available there. Cheers,


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Potchi V1 month

Potchi V has joined the group Cielo Waste Solutions Corp.

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8020Admin1 month

8020Admin  started the topic  Cielo Waste Solutions Corp. CMC News Alert: Becomes a Member of the 8020 Community

Cielo Waste Solutions Inc. Becomes a Member of the 8020 Community



Cielo Waste Solutions Inc. Becomes a Member of the 8020 Community



Surrey, British Columbia (FSCwire) - Cielo Waste Solutions Inc. (the "Company" or "Cielo") is pleased to announce that it recently became a member of the 8020 Connect community. 8020 Connect (www.8020connect.com) is the investment industry's newest and most trusted investor community. The investor platform is developed to deliver corporate information to shareholders, investment industry experts and like-minded investors, while enabling group members to interact with one another and with the corporation’s management team.

 

Through the 8020 Connect shareholder and investor platform, Cielo can communicate its corporate message and update advancements and financial information to all shareholders and investors in a timely and effective fashion. The 8020 Connect provides a monitored and professional environment, allowing the company to respond to questions and manage group conversations. The 8020 Connect platform and services will provide Cielo an opportunity to expand its audience to other interested investors and industry experts worldwide.

 

Looking for a new way to be informed? Join the new Cielo Investor Group on 8020Connect https://www.8020connect.com/groups/cielo-waste-solutions-corp

 

For more information please contact:

 

Cielo Waste Solutions Corp.

Don Allan, President & CEO

(403) 348-2972 Ext. 101

donallan@cielows.com

www.cielows.com

 

About Cielo Waste Solutions Corp. 

 

Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks, including sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel, at a significantly lower cost than biofuel companies.

 

About 8020 Connect Inc.

 

8020 Connect is a social and interactive investment community which expands the way shareholders and interested investors access and gather information from public corporations. Built as a hybrid social media and shareholder and management engagement platform, corporations can direct the flow of information to prospective and existing investors through both static and dynamic content. This will allow public companies to build their investment brand and investor awareness while maintaining digital media compliance in a growing online investment community.

 

Cautionary Note Regarding Forward-looking Statements 

 

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 forwardlooking statements. 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.  

 

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, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. 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.

 

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. 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.

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cielo12072017.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC, FWB:C36)




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George Ivkovic has joined the group Cielo Waste Solutions Corp.

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8020Admin1 month

8020Admin  started the topic  Cielo Waste Solutions Corp. CMC News Alert: Closes Final Tranche of $3,273,236 Private Placement Offering and Provides Operational Update

Cielo Closes Final Tranche of $3,273,236 Private Placement Offering and Provides Operational Update 

Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to announce the closing of the final tranche of the Company's $3 million private placement offering (the “Offering)” of units (“Unit(s)”), raising gross proceeds of $990,000 in this tranche. A total of $3,273,236 was raised through the Offering, exceeding the original maximum target of $3,000,000 by $273,236.  

 

 The Offering consisted of $0.10 Units, each Unit being comprised of 1 common share and one half of one warrant. Each full warrant ("Warrant") has an exercise price of $0.20 and an expiration date of twelve months from the date of issuance of the Units. In the event that Cielo's common shares, trade at $0.30 or higher for 5 consecutive days at any time after 14 weeks from the date of issuance of the Units, Cielo will have the right to issue a notice to the Warrant holders that the term of the Warrants has been reduced to 30 days from the date of such notice. Any Warrants that have not been exercised on or before such 30-day period will automatically expire.

 

The net proceeds of the Offering, together with the funds from the recently announced credit facility (November 6, 2017), will be used to complete the construction and commissioning of the Company’s first commercial, continuous flow, waste (derived from garbage) to high grade renewable diesel refinery (the “Refinery”), and for working capital purposes.

 

Cielo's President and CEO, Don Allan, stated “We are very appreciative of the strong support from our shareholders. The fact that we exceeded our maximum target reflects confidence in both our team and our game changing technology.  With the closing of our Offering and our $3.5 million credit facility, we are not only fully financed for construction but have working capital in place until we begin to receive revenues.  We are confident that this refinery, which will validate the scalability and commercial viability of our technology, will be up and running in the near future. We are excited about finally being well capitalized as well as being able to see a clear path toward generating significant revenues and deploying our technology globally.”

 

In connection with this final tranche of the Offering, Cielo paid $30,400 in cash commissions. All securities issued pursuant to the Offering will be subject to a statutory four-month hold period.   

 

As a director of the Company participated in the Offering, the participation constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions (“MI 61-101”). Cielo has relied on the exemption from the formal valuation requirements of MI 61-101 contained in section 5.5(a) and (b) of MI 61-101 on the basis that the fair market value of the transaction was not more than Twenty-Five Percent (25%) of the market capitalization of Cielo and no securities of Cielo are listed on a specified market set out in such section and Cielo relied on the exemption from the minority shareholder approval requirements of MI 61-101 contained in Section 5.7(1)(a) and 5.7(1)(b) of MI 61-101 on the basis of the fair market value of the transaction not being more than Twenty-Five Percent (25%) of the market capitalization of Cielo and $2,500,000. Cielo did not file a material change report in respect of the related party transaction at least 21 days before the closing of this tranche of the Offering, as Cielo was not aware of the director’s participation in the Offering at such time.

 

Operational Update

 

Cielo’s technology has been proven to work in the Company’s demonstration refinery (“Demo Refinery”) utilizing multiple different waste feedstock streams, including municipal solid waste, tires, plastics and wood waste converting all of them, on a cost-effective basis, into high grade renewable diesel fuel, in batches of up to 50 liters an hour. Cielo is now in the process of converting its Demo Refinery into a 350 liter per hour (2.9 million liter per year) continuous flow refinery. Once Cielo validates that the retrofitted Demo Refinery can operate, on a continuous flow basis, Cielo plans to scale-up the size of its refineries to produce about 2,000 liters an hour (16 million liters a year) of high grade renewable diesel. Thereafter, Cielo intends to build multiple modular refineries around the world, offsetting landfills and other feedstock supplies.

After having been granted a development permit from the MD of Foothills #31 municipal district in July 2017, which is subject to customary conditions, Cielo had applied to the Alberta provincial regulator for a permit to build and operate the Refinery and continues to work closely with the provincial regulator to ensure that the operating permit can be obtained as quickly as possible.

 

Cielo continues to work with vendors of new and used equipment so as to finalize the acquisition of the major pieces of equipment needed to complete the construction of the Refinery. All unnecessary equipment that was on the Company's property in High River, Alberta, which was acquired and previously announced in April 2017, has been removed and the utilities have been turned on.  The fabrication has begun, with major pieces of equipment in the process of either being modified or fabricated.  

 

 For more information please contact:

 

Cielo Waste Solutions Corp.

Don Allan, President & CEO

(403) 348-2972 Ext. 101

donallan@cielows.com

www.cielows.com

 

 About Cielo Waste Solutions Corp.

 

 Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks, including sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel, at a significantly lower cost than biofuel companies.

 

Cautionary Note Regarding Forward-looking Statements

 

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. 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.  

 

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, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. 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.

 

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. 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.

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cielo11092017.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC)


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8020Admin1 month

8020Admin  started the topic  Cielo Waste Solutions Corp. CMC News Alert: Announces a Significant Transaction as it Closes its Previously Announced $3.5 Million Credit Facility to Fund 1st Commercial Garbage to High Grade Renewable Diesel Refinery

Cielo Announces a Significant Transaction as it Closes its Previously Announced $3.5 Million Credit Facility to Fund 1st Commercial Garbage to High Grade Renewable Diesel Refinery



Cielo Announces a Significant Transaction as it Closes its Previously Announced $3.5 Million Credit Facility to Fund 1st Commercial Garbage to High Grade Renewable Diesel Refinery


Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to announce that it has completed its financing arrangement with a private Alberta based lender (the “Lender”).  Cielo and the Lender have entered into a loan agreement (the “Loan Agreement”), whereby the Lender will make available up to $3,500,000 (the “Credit Facility”) until September 30, 2018, to be used by Cielo primarily for the conversion of its first commercial refinery (the “Commercial Refinery”) on its property in High River, Alberta (the “Property”). 

 

Cielo's President and CEO, Don Allan, stated “Closing the Credit Facility is a significant milestone for Cielo as we now have full funding in place that allows us to build our first commercial waste to renewable diesel refinery using our proprietary technology.  These are very exciting times as we can now focus on completing the construction and operations of our “game changing” technology into commercial status.  We are ecstatic about the countless opportunities we have in front of us.  We thank our new financial partner for recognizing the potential that our technology has to significantly impact solving the world crisis of dealing with landfill waste.  Additionally, we’d like to thank our stakeholders for their continued support as we roll out our technology globally.”

 

Credit Facility Details:

 

The Credit Facility is structured as a non-revolving line of credit with security held by the Lender over all assets, including the Property and all other real property, of Cielo, subordinating other secured lenders of Cielo.  The Credit Facility bears simple interest at 12% annually. Payments of interest only are payable until September 30th, 2018, after which time regular payments of principal together with interest will become payable until the loan matures in June 2022. Cielo is able to repay the loan without penalty any time after September 30th, 2018.

 

Cielo has obtained close to $2,500,000 of the full available amount of the Credit Facility in order to repay and discharge its existing mortgage on the Property with XR Resources Inc., such mortgage previously announced on April 19, 2017, and also to exercise its option to purchase the demonstration plant (the “Demo Plant”) it was previously leasing from FS Business Enterprises Inc., pursuant to a Purchase Option Agreement dated October 26, 2016, also previously announced on October 27, 2016.  The Demo Plant is being converted into the Commercial Refinery on the Property

 

As partial consideration for the Credit Facility, Cielo has issued 25,000,000 bonus warrants (the “Warrant(s)”) to the Lender, each Warrant exercisable to purchase one common share of Cielo at an exercise price of $0.20 (the “Exercise Price”), subject to adjustments for any reorganizations or dilutive events during the term of the Warrants.  In accordance with the terms of the Warrants, in the event that Cielo issues additional common shares at a price (or convertible securities with an exercise price) lower than the Exercise Price or the market price at the time, whichever is higher, the Lender will be entitled to receive additional securities at a slightly decreased price, subject to the maximums and terms imposed by the Canadian Securities Exchange.  In the event that an exercise of Warrants by the Lender results in the Lender holding at least 10% of the voting securities of Cielo, the Lender will be entitled to nominate a director pursuant to a Nomination Rights Agreement for so long as its holdings of voting securities remain at 10% or over.  The Warrants expire on the earlier of (i) November 2, 2022 and (ii) the later of (A) November 2, 2019 and (B) 30 days following full repayment of the Loan, but not later than 5 years from the issuance date.

 

1888711 Alberta Inc. (“1888”), a private Alberta corporation related by certain officers and directors of the Company, who is party to a license agreement with Cielo dated June 14, 2016 (the “License Agreement”), previously announced on June 15, 2016, acts as guarantor for the Credit Facility.  The parties have also agreed to a restated and amended version of the License Agreement, dated November 1, 2017, providing for clear terms on which Cielo is able to purchase the rights granted to 1888 at any time following the 14th day of operations of the Commercial Refinery based on the production of the Commercial Refinery and any other refineries in operation at the time, terminating the agreement.

 

Material agreements and full details of the foregoing will be available under Cielo's profile on SEDAR (www.sedar.com ).

 

Results of AGSM – Annual General and Special Meeting

 

Cielo is also pleased to announce the results of its Annual General and Special Meeting (“AGSM”) held on October 26, 2017. All the resolutions presented to the shareholders were approved, including the re-election of auditors A. Chan & Company, LLC, fixing of the board of directors at five, approval of all director nominees, namely Don Allan, Robin Ray, Chris Dovbniak, Doug Mackenzie, and Mel Angeltvedt, and the approval of the amended fixed stock option plan (the “Stock Option Plan”) and the Restricted Share Unit Plan (the “RSU Plan”), which will together form the complete incentive plans for the Company.   The Stock Option Plan allows for a maximum of 11,212,730 options to be granted and the RSU Plan allows for a maximum of 7,475,154 restricted share units to be granted, together representing 14.6% of the total issued and outstanding shares of Cielo as at today’s date.

 

Disclosure Under Early Warning Requirements

 

The following additional information regarding the Lender's acquisition of the Warrants is disclosed for and on behalf of the Lender, BJK Holdings Ltd. of 238 - 22 Street North, Lethbridge, Alberta, T1H 3R7, pursuant to the early warning requirements of applicable Canadian securities legislation.  The Lender acquired the Warrants for investment purposes in connection with the Credit Facility, and did not previously own or control any securities of Cielo.  Upon acquiring ownership and control of the Warrants effective November 2, 2017 (with escrow release conditions satisfied the next day), the Lender was deemed for the purpose of the early warning requirements to have acquired and to be the beneficial owner of the 25,000,000 Class A voting common shares of the Company underlying the Warrants, representing a securityholding percentage therein of approximately 16.4% based on the number of Cielo common shares currently outstanding and assuming the issue of an additional 25,000,000 shares pursuant to the Warrants.  A report under the early warning requirements will be filed by the Lender with applicable Canadian securities regulators, and a copy thereof will be available under the Company's profile on SEDAR (www.sedar.com) or on request from Cielo at the contact number below.

 

For more information please contact:

 

Cielo Waste Solutions Corp.
Don Allan, President & CEO
(403) 348-2972 Ext. 101
donallan@cielows.com
www.cielows.com

 

About Cielo Waste Solutions Corp.

 

 

Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. The garbage-derived feedstocks include sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel.

 

Cautionary Note Regarding Forward-looking Statements 

 

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. 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.  
 

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, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. 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.  
 

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. 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. 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. 

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. 



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cielo11062017.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC)

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