Cielo Waste Solutions Corp.

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We specialize in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill reduction through responsible diversion practices. To connect with management and see what other investors are saying, join our Investor Group today...

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Cielo Waste Solutions Corp.

publicPublicGroup

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

people127 Members       (0)

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paul and posted an update in CIELO WASTE SOLUTIONS CORP.

4 days

Hi Michael, apparently I missed a good conference call. Will it be replayed on Cielo's website or could you possibly provide some highlights of the meeting. Cheers

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Hi all, Below is today's article from the national post on B.C.'s climate change plan that aims to build its economy around renewable energy.  This article underscores our belief that we would see a potential increasing need for our renewable diesel and a push for more greentech. The key takeaway from the article on how it impacts Cielo is:  "...The plan also includes phasing in more renewable fuels to consumer gas products by ramping up new production of 650 million litres of renewable gasoline and diesel by 2030 and increasing the low carbon fuel standard by 20 per cent. That means gas at the pump could include a mix of biofuels and other cleaner fuel products, one official said..." https://nationalpost.com/pmn/news-pmn/canada-news-pmn/b-c-to-introduce-clean-climate-plan-as-carbon-emitting-lng-industry-grows

https://nationalpost.com/pmn/news-pmn/canada-news-pmn/b-c-to-introduce-clean-climate-plan-as-carbon-emitting-lng-industry-grows

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Great post and comments Michael..
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Unfortunately the last press release has only harmed the share price in the short term. It was unnecessary to say that they may do an equity raise and create more uncertainty. They should have figured out how they will proceed with financing to complete the refinery then provided a press release with the details of that. At this point the market is assuming they will not be able to raise the necessary funds to complete their refinery. I am sure the price will recover. The question is when and how far it has yet to drop.

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Thank you for your response Michael. We are all very much looking forward to the success of the company.
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Unfortunately the last press release has only harmed the share price in the short term. It was unnecessary to say that they may do an equity raise and create more uncertainty. They should have figured out how they will proceed with financing to complete the refinery then provided a press release with the details of that. At this point the market is assuming they will not be able to raise the necessary funds to complete their refinery. I am sure the price will recover. The question is when and how far it has yet to drop.

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Hope you guys can overcome your issues with minimal cost or dilution to shareholders Good luck

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Hi Maria, its is unfortunate of what is happening in the market. We are all frustrated with what has occurred given the progress the company has made. We have ran thru both steps 1 and 2 of phase and are sitting on renewable fuels! we are anticipating results from the desulphurization firms this week as finalizing which process to move forward with. We are evaluating various capital options as we are moving quickly to our next steps. One of the things this company does that some do not do not is that at Cielo we stride on the belief of transparency with our shareholders. For both good news, bad news or indifferent news - our firm stands behind the premise that our shareholders have a right to that information. Again the press release stated we may consider a private placement - as this is a consideration - not necessarily our final decision.
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Unfortunately the last press release has only harmed the share price in the short term. It was unnecessary to say that they may do an equity raise and create more uncertainty. They should have figured out how they will proceed with financing to complete the refinery then provided a press release with the details of that. At this point the market is assuming they will not be able to raise the necessary funds to complete their refinery. I am sure the price will recover. The question is when and how far it has yet to drop.

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Hi Potchi, we have two main companies that were lab testing our products to see the best and most effective way of removing the sulphur. The lab test are from third parties as such we have no control on timing. We try as much as we can to pressure them to move. We are anticipating lab results this week. Will keep everyone posted. Also we will be hosting a conference call tomorrow - please join to get an update. cheers, Michael
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Potchi V

6 days

Potchi V posted an update in CIELO WASTE SOLUTIONS CORP.

Hi Cielo, This question has been bugging me since the last press release. What are the reasons that the desulphurization unit has yet to be installed after months of having the distillate stored in the tank? Did Cielo order the unit already and just waiting for it to be delivered and installed?

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Conference Call: Cielo will be hosting a Conference Call on Wednesday, December 5, 2018 from 1:00 PM to 2:00 PM MDT. Please join our meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/858718085 You can also dial in using your phone. 1-877-385-4099, and then dialing the following participant number: 7013581

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Potchi V posted an update in CIELO WASTE SOLUTIONS CORP.

6 days

Hi Cielo, This question has been bugging me since the last press release. What are the reasons that the desulphurization unit has yet to be installed after months of having the distillate stored in the tank? Did Cielo order the unit already and just waiting for it to be delivered and installed?

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Unfortunately the last press release has only harmed the share price in the short term. It was unnecessary to say that they may do an equity raise and create more uncertainty. They should have figured out how they will proceed with financing to complete the refinery then provided a press release with the details of that. At this point the market is assuming they will not be able to raise the necessary funds to complete their refinery. I am sure the price will recover. The question is when and how far it has yet to drop.

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gerrygen replied to the press release 8020 Admin  update in CIELO WASTE SOLUTIONS CORP.

7 days

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Wow! Surely did not see this much of a slide coming;just hoping we can recover from it.keyboard_arrow_downShow Post

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8020 Admin

10 days

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / November 30, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) would like to provide an operations update on the Company's Aldersyde renewable diesel refinery (the "Refinery") and announce the settlement of $1,114,517.73 of debt in order to conserve capital while completing the commissioning process for the Refinery.

Operations Update

The Refinery continues to operate under a two-step process, step 1 being the conversion of the biomass (waste/sawdust) into a distillate and step 2 being conversion of the distillate into renewable naphtha, kerosene and diesel. The fuels produced to date are being held in tanks until the Company is able to install the desulphurization unit to remove the sulphur from the fuels.

As previously announced, in order to operate both steps described above simultaneously, Cielo requires a larger heater system to be installed, which involves the purchase of a second boiler and re-engineering of the first. Management had previously determined that moving forward with the rest of the commissioning process while addressing financing needs would be the most prudent approach. Cielo reached the final stage, desulphurization, and is currently choosing between two alternative processes that will result in the ability to sell its high-grade renewable fuels at the highest possible price. As the implementation of the desulphurization equipment will take longer than anticipated due to third party laboratory testing and the proximity of the holiday season, management estimates achieving first sales in Q1 2019.

In the meantime, management has determined that the best way to continue to move the process and timeline forward is to focus on acquiring the second boiler and re-engineering the first, which is currently in progress. This will allow both steps described above to run concurrently and facilitate the continuous flow operation of the Refinery. Management anticipates completing the purchase, manufacturing, installation and commissioning of the second boiler system 6 to 10 weeks after securing financing.

Financing Activities/Shares for Debt Settlements:

Cielo continues to receive support from its stakeholders. Contractors have agreed to convert over $500,000 of their trade receivables and two of the Company's insiders have agreed to convert over $600,000 of their outstanding loans to the Company into common shares of Cielo.

The shares for debt arrangements provide for the settlement of $508,684.40 in funds owing to contractors by the issuance of 2,826,025 common shares at a deemed price of $0.18 per share and $605,833.33 in loans owing to insiders of the Company by the issuance of 3,029,167 common shares at a deemed price of $0.20 per share, being a 20% and 33% premium, respectively, to the Company's closing price on November 29, 2018. As management has decided to proceed with the improvement of the heater system and the purchase and installation of the second boiler, the Company is considering a potential private placement offering of securities. If the Company proceeds, management expects to determine and announce the terms of the offering in the next week.

As certain insiders participated in the shares for debt transactions, it is considered to be a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on the exemption from valuation requirement pursuant to subsection 5.5(b) of MI 61-101, as the securities of the Company are not listed or quoted on an enumerated stock exchange, and the Company relies on the exemption from minority approval under subsection 5.7(b) of MI 61-101, as the securities of the Company are not listed or quoted on an enumerated stock exchange; neither consideration received, nor the fair value of the securities distributed exceeds $2,500,000; and at least two thirds of independent directors of the Company, voted in favour of the related party transaction.

Don Allan, President and CEO, stated that, "Although we have encountered a number of challenges in our commissioning process, we have been able to figure out solutions, which are taking time and money to resolve. As is the case with the commissioning of many technologies, as they are scaled up, there are unforeseen and uncontrollable factors that are encountered. Despite the challenges that have arisen, we have continued to advance our technology. We have produced our renewable fuels and are working towards removing the sulphur as quickly as possible but also ensuring that we continue to make the best choices for the technology and Company in the long run, not just with a focus on achieving initial sales. At the same time, we are being proactive in taking the needed next steps to get our Aldersyde refinery operating on a continuous-flow basis, to keep the momentum going and working to enhance shareholder value. Management thanks the trades and insiders for their continued support, their conversion of debt at a premium to market prices demonstrating their belief in and commitment to Cielo and our technology."

Conference Call:

Cielo will be hosting a Conference Call on Wednesday, December 5, 2018 from 1:00 PM to 2:00 PM MDT. Please join our meeting from your computer, tablet or smartphone.

https://global.gotomeeting.com/join/858718085

You can also dial in using your phone.

1-877-385-4099, and then dialing the following participant number: 7013581

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to high grade renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

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.

SOURCE: Cielo Waste Solutions Corp.

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8020 Admin

10 days

8020 Admin posted a press release Cielo Waste Solutions Provides Operations Update and Announces Shares for Debt Settlements in Cielo Waste Solutions Corp.

VANCOUVER, BC / ACCESSWIRE / November 30, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) would like to provide an operations update on the Company's Aldersyde renewable diesel refinery (the "Refinery") and announce the settlement of $1,114,517.73 of debt in order to conserve capital while completing the commissioning process for the Refinery.

Operations Update

The Refinery continues to operate under a two-step process, step 1 being the conversion of the biomass (waste/sawdust) into a distillate and step 2 being conversion of the distillate into renewable naphtha, kerosene and diesel. The fuels produced to date are being held in tanks until the Company is able to install the desulphurization unit to remove the sulphur from the fuels.

As previously announced, in order to operate both steps described above simultaneously, Cielo requires a larger heater system to be installed, which involves the purchase of a second boiler and re-engineering of the first. Management had previously determined that moving forward with the rest of the commissioning process while addressing financing needs would be the most prudent approach. Cielo reached the final stage, desulphurization, and is currently choosing between two alternative processes that will result in the ability to sell its high-grade renewable fuels at the highest possible price. As the implementation of the desulphurization equipment will take longer than anticipated due to third party laboratory testing and the proximity of the holiday season, management estimates achieving first sales in Q1 2019.

In the meantime, management has determined that the best way to continue to move the process and timeline forward is to focus on acquiring the second boiler and re-engineering the first, which is currently in progress. This will allow both steps described above to run concurrently and facilitate the continuous flow operation of the Refinery. Management anticipates completing the purchase, manufacturing, installation and commissioning of the second boiler system 6 to 10 weeks after securing financing.

Financing Activities/Shares for Debt Settlements:

Cielo continues to receive support from its stakeholders. Contractors have agreed to convert over $500,000 of their trade receivables and two of the Company's insiders have agreed to convert over $600,000 of their outstanding loans to the Company into common shares of Cielo.

The shares for debt arrangements provide for the settlement of $508,684.40 in funds owing to contractors by the issuance of 2,826,025 common shares at a deemed price of $0.18 per share and $605,833.33 in loans owing to insiders of the Company by the issuance of 3,029,167 common shares at a deemed price of $0.20 per share, being a 20% and 33% premium, respectively, to the Company's closing price on November 29, 2018. As management has decided to proceed with the improvement of the heater system and the purchase and installation of the second boiler, the Company is considering a potential private placement offering of securities. If the Company proceeds, management expects to determine and announce the terms of the offering in the next week.

As certain insiders participated in the shares for debt transactions, it is considered to be a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on the exemption from valuation requirement pursuant to subsection 5.5(b) of MI 61-101, as the securities of the Company are not listed or quoted on an enumerated stock exchange, and the Company relies on the exemption from minority approval under subsection 5.7(b) of MI 61-101, as the securities of the Company are not listed or quoted on an enumerated stock exchange; neither consideration received, nor the fair value of the securities distributed exceeds $2,500,000; and at least two thirds of independent directors of the Company, voted in favour of the related party transaction.

Don Allan, President and CEO, stated that, "Although we have encountered a number of challenges in our commissioning process, we have been able to figure out solutions, which are taking time and money to resolve. As is the case with the commissioning of many technologies, as they are scaled up, there are unforeseen and uncontrollable factors that are encountered. Despite the challenges that have arisen, we have continued to advance our technology. We have produced our renewable fuels and are working towards removing the sulphur as quickly as possible but also ensuring that we continue to make the best choices for the technology and Company in the long run, not just with a focus on achieving initial sales. At the same time, we are being proactive in taking the needed next steps to get our Aldersyde refinery operating on a continuous-flow basis, to keep the momentum going and working to enhance shareholder value. Management thanks the trades and insiders for their continued support, their conversion of debt at a premium to market prices demonstrating their belief in and commitment to Cielo and our technology."

Conference Call:

Cielo will be hosting a Conference Call on Wednesday, December 5, 2018 from 1:00 PM to 2:00 PM MDT. Please join our meeting from your computer, tablet or smartphone.

https://global.gotomeeting.com/join/858718085

You can also dial in using your phone.

1-877-385-4099, and then dialing the following participant number: 7013581

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to high grade renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

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.

SOURCE: Cielo Waste Solutions Corp.

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RR replied to the press release 8020 Admin  update in CIELO WASTE SOLUTIONS CORP.

12 days

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waste is a global problem. Amounts of waste humans produce is so great right now that Even China is refusing to take a lot of North America waste since their land fills are getting full. Cielo is a revolutionary company that can solve waste problem on global level. Ability to process plastics on its own is a multi million dollar idea. Once Cielo rises and becomes a global monster anyone who was involved in developing this technology should receive an award and a big thank you from all of us. I am not sure why some investment sites say Cielo has "weak fundamentals". Cielo spent multiple years of research developing this technology with backing of very solid leadership team. They finally received the capitals to build their first few refineries. All the tests regarding renewable diesel came back with great results. It is time to load up on shares grab a bucket of popcorn and watch Cielo take over our recycling industry and a big part of energy sector. The beauty about this company is that it is a solution to a major global problem. Cheers everyone:) keyboard_arrow_downShow Post

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8020 Admin

1 month

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / November 1, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) is pleased to announce that it has successfully initiated the conversion of its raw distillate made from wood waste feedstock into renewable fuels including naphtha, kerosene and diesel in the second step of its Phase I commissioning process at Cielo’s first commercial refinery in Aldersyde, Alberta ("Aldersyde Refinery"). This is further proof of the viability of the Company’s proprietary process and technology that can convert multiple different waste products into high grade renewable diesel. Cielo is now in the final stage of commissioning its Aldersyde Refinery and anticipates sales will commence in the next 6 to10 weeks.

Joint Venture:

Cielo is also pleased to announce that it has entered into a Binding Memorandum of Understanding ("MOU") with Renewable U Energy Inc. ("Renewable U"), a privately-owned Alberta corporation. The MOU provides the framework for Cielo to enter into a joint venture agreement ("JV Agreement") with Renewable U to build, commission and operate one refinery initially ("JV Refinery"), with a right of first refusal to enter into further agreements for potential follow-on refineries (together with the JV Refinery, collectively "JV Refineries") in Grande Prairie, Alberta. Pursuant to the terms of the MOU, Renewable U has an option to enter into a second Memorandum of Understanding with Cielo for Medicine Hat, Alberta. Each JV Refinery will utilize the technology ("Technology") to which Cielo holds an exclusive global license that is being employed at the Aldersyde Refinery, to convert wood waste into high grade renewable diesel, naphtha and kerosene. Each JV Refinery will be engineered to produce approximately 8 million liters per year of high grade, renewable diesel for which Cielo’s research indicates there is an estimated mandated demand in Canada of approximately 650 million liters a year to be blended into highway grade diesel, most of which currently is imported. Each JV Refinery is projected to cost approximately $20 million.

Cielo and Renewable U have agreed to negotiate and finalize the terms of the JV Agreement for the initial JV Refinery ("Project") over the next ninety days. The parties intend to form an incorporated joint venture, to be owned 50.1% by Cielo and 49.9% by Renewable U, unless otherwise agreed.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Renewable U has paid to Cielo a $250,000.00 fee ("Fee") to secure the territory of Grande Prairie, Alberta and the surrounding area encompassing a 250 km radius. In the event that Renewable U exercises its option within 45 days to enter into a second Memorandum of Understanding for Medicine Hat, Alberta, Renewable U will pay Cielo an additional $250,000.00, to secure the territory of Medicine Hat, Alberta and the surrounding area within a 50 km radius. In the event Cielo does not execute the JV Agreement for Grande Prairie, subject to an exclusion, by January 29, 2019, Cielo has agreed, subject to applicable laws and policies, to issue Renewable U common shares of Cielo in lieu of returning the Fee, valued at the greater of: $0.25 and the average closing price of Cielo’s shares during the 5 trading days prior to January 29, 2019.

The general terms to be incorporated into the JV Agreement include the following:

a. Renewable U will be solely responsible for financing 100% of the costs associated with acquiring the land, building and commissioning the initial JV Refinery (“Project Costs”), as well as for the initial refinery contemplated to be built in Medicine Hat, Alberta, if Renewable U exercises its option.

b. Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refineries and will receive a management fee for the construction of the JV Refinery equal to 7% of the Project Costs subject to certain exclusions, and will continue to receive management fees once operations begin based on industry standards.

c. Profits will be split 30% in favor of Cielo and 70% in favour of Renewable U, until Renewable U has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo, 49.9% for Renewable U, reflecting the respective interests/ownership of the parties.

Don Allan, President and CEO of Cielo, commented, "We have now completed the next significant step of our Company’s history with the initiation of production of our renewable fuels (diesel, kerosene and naphtha) from the raw distillate that we produced last month from wood waste. We are nearing the sale of our first renewable fuels. In addition, we are thrilled that with the results achieved to date through the commercialization process, we have gathered substantial interest from multiple parties for potential joint ventures. As such we are excited to be working with Renewable U Energy to finalize the terms of our anticipated Joint Venture Agreement. We believe that the terms being negotiated for the anticipated joint venture will result in a truly win/win arrangement for both parties, as it removes the financing and scale-up risk associated with the next one or two of our refineries and allows us to earn profits as well as ongoing management fees during both the construction and operation of the anticipated joint venture refineries."

Lionel Robins, CEO of Renewable U, stated "We have been following Cielo’s progress for some time now and are very excited to be working with Don Allan and his team at Cielo to bring their innovative and industry-leading technology to potentially two key areas of Alberta. We believe that Grande Prairie is quickly becoming recognized as the unofficial "epicenter" of the Oil and Gas Industry in Canada and that Medicine Hat has already proven itself to be one of the most progressive and innovative municipalities in Western Canada. We believe that to bring clean, green environmental refineries of this magnitude to these areas is a clear example of philanthropic capitalism, where we can bring jobs and economic growth to our communities, while also working towards creating a cleaner and healthier world for our families to live in."

Related Party Loan:

A related party has delivered to the Company a loan in exchange for a demand promissory note ("Note") in the amount of $500,000 ("Loan") as a bridge loan while the Company seeks the balance of financing required to complete the commissioning of the Aldersyde Refinery, in particular, primarily for the purchase of additional equipment, as announced on October 4, 2018.

The Loan constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). Cielo relies 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 Loan is 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 relies 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 Loan not being more than Twenty-Five Percent (25%) of the market capitalization of Cielo nor $2,500,000. As contemplated by MI 61-101, Cielo did not file a material change report in respect of the related party transaction at least 21 days before the issuance of the Note as Cielo was not aware of the Loan at such time.

Conference Call:

Cielo will be hosting a Conference Call on Fri, November 2, 2018 from 1:00 PM to 2:30 PM MDT. Please feel free to join the call from your computer, tablet or smartphone by clicking on the following link. https://global.gotomeeting.com/join/287684301

Interested parties can call in by dialing within Canada +1 (647) 497-9373 or in the United States +1 (312) 757-3117 and then entering the Access Code: 287-684-301.

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world’s leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

About Renewable U Energy Inc.

Renewable U Energy Inc. is a private Alberta corporation. Renewable U was recently incorporated to bring local investors and strategic partners together to participate with Cielo Waste Solutions Corp., on a joint venture basis, to build and operate environmentally friendly high-grade renewable diesel refineries in specified territories.

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.

SOURCE: Cielo Waste Solutions Corp.

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The fiscal budget review is actually pretty good for Cielo as we can write more equipment off faster. Tax cuts for businesses! Trudeau Unveils $10.5 Billion in Tax Cuts to Keep Up With Trump https://www.bloomberg.com/news/articles/2018-11-21/trudeau-cuts-canada-business-taxes-defers-deficit-reduction

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gerrygen replied to the press release 8020 Admin  update in CIELO WASTE SOLUTIONS CORP.

18 days

...

Awsome news Don,proud to be a shareholder,keep it going.keyboard_arrow_downShow Post

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8020 Admin

18 days

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / November 22, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) Cielo is pleased to announce that it has entered into a binding Memorandum of Understanding ("MOU") with Seymour Capital Incorporated ("Seymour Capital") that provides the framework for a joint venture agreement ("JV Agreement") pursuant to which Seymour Capital will provide 100% of the funding to build, commission and operate a Joint Venture Refinery ("JV Refinery") in Calgary, Alberta. The JV Refinery is projected to cost approximately $20 million and the parties to the MOU hope to have negotiated and finalized the terms of the JV Agreement for the JV Refinery ("Project") by February 28th, 2019, but in any event no later than April 30, 2019. The parties intend to form a joint venture company, to be owned 50.1% by Cielo and 49.9% by Seymour Capital.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Seymour Capital has paid to Cielo a $250,000.00 upfront fee ("Fee") to secure the territory of Calgary, Alberta. Pursuant to the terms of the MOU, Seymour Capital has been granted an option that can be exercised, on or before February 28th, 2019 to enter into a follow-on contractual arrangement with Cielo, on similar terms to the MOU, to build, commission and operate another joint venture refinery to be located in an Ontario municipality, of Seymour Capital's choice, other than one that is within the Greater Toronto Area ("Option"). In the event that Seymour Capital exercises its Option, Seymour Capital will pay to Cielo an additional one-time fee of $250,000.

The general terms to be incorporated into the definitive agreement include the following:

  1. Seymour Capital will be solely responsible for financing 100% of the costs, associated with acquiring the land, building and commissioning of the JV Refinery ("Project Costs"), as well as for the initial refinery contemplated to be built in Ontario, if Seymour Capital exercises its Option.
  2. Seymour Capital has a right of first refusal to enter into further agreements with Cielo to participate with Cielo on a 50.1%/49.9% basis, in favour of Cielo, to build, commission and place on production follow-on refineries in Calgary ("Follow-on JV Refineries"). Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refinery and Follow-on JV Refineries and will receive a management fee for the construction of the JV Refinery, equal to 7% of the Project Costs subject to certain exclusions, and will receive management fees, based on industry standards, once operations begin.
  3. Profits will be split 30% in favour of Cielo and 70% in favour of Seymour Capital, until Seymour Capital has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo and 49.9% for Seymour Capital, reflecting the respective interests/ownership of the parties.
  4. In the event that Cielo does not execute the definitive agreement for Calgary, Alberta, subject to an exclusion, by February 28, 2019, which date may be extended by either party to April 30th, 2019 ("the Execution Date") Cielo has agreed, subject to applicable laws and policies, to issue Seymour Capital common shares of Cielo in lieu of returning the Fee, valued at the greater of $0.25 per share and the average closing price of Cielo's shares during the 5 trading days prior to the Execution Date.

 

Don Allan, President and CEO of Cielo, commented "We are very pleased to continue to advance our business model with a financially strong partner, Seymour Capital. We believe that this is another opportunity for Cielo to enter into a win/win arrangement, removing the financing and scale-up risk Cielo would otherwise face in building its next refineries."

Jeff Seymour, CEO of Seymour Capital, commented "We have followed Cielo's progress for over a year and now with the confirmation that their process is able to convert waste into high grade renewable fuels, we have elected to move forward with assisting Cielo financially to build a state-of-the-art green refinery in Calgary. Once our JV refinery is up and running Cielo will be able to showcase it to the rest of the country as well as to the world. We are looking forward to creating new jobs in Calgary while at the same time providing a solution that reduces the amount of waste that goes into Calgary's landfill."

UPDATE:

Cielo has successfully converted the raw distillate that it has produced to date, from wood waste, using its proprietary process at its Aldersyde Alberta Refinery ("Aldersyde Refinery"), into renewable fuels consisting of naphtha, kerosene and diesel. The Company had announced the initiation of this process on November 1, 2018.

The next step of the commissioning process will require the desulphurization of the renewable fuels. After reviewing multiple desulphurization solutions that are currently in commercial use, the Company has narrowed its decision to two companies. Over the upcoming weeks, Cielo is hoping to implement this equipment so that it can begin sales revenue.

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to high grade renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

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.

SOURCE:Cielo Waste Solutions Corp.

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8020 Admin

18 days

8020 Admin posted a press release ielo Waste Solutions Announces Memorandum of Understanding to Build a Renewable Diesel Refinery in Calgary and Announces Production of Renewable Fuels in Cielo Waste Solutions Corp.

VANCOUVER, BC / ACCESSWIRE / November 22, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) Cielo is pleased to announce that it has entered into a binding Memorandum of Understanding ("MOU") with Seymour Capital Incorporated ("Seymour Capital") that provides the framework for a joint venture agreement ("JV Agreement") pursuant to which Seymour Capital will provide 100% of the funding to build, commission and operate a Joint Venture Refinery ("JV Refinery") in Calgary, Alberta. The JV Refinery is projected to cost approximately $20 million and the parties to the MOU hope to have negotiated and finalized the terms of the JV Agreement for the JV Refinery ("Project") by February 28th, 2019, but in any event no later than April 30, 2019. The parties intend to form a joint venture company, to be owned 50.1% by Cielo and 49.9% by Seymour Capital.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Seymour Capital has paid to Cielo a $250,000.00 upfront fee ("Fee") to secure the territory of Calgary, Alberta. Pursuant to the terms of the MOU, Seymour Capital has been granted an option that can be exercised, on or before February 28th, 2019 to enter into a follow-on contractual arrangement with Cielo, on similar terms to the MOU, to build, commission and operate another joint venture refinery to be located in an Ontario municipality, of Seymour Capital's choice, other than one that is within the Greater Toronto Area ("Option"). In the event that Seymour Capital exercises its Option, Seymour Capital will pay to Cielo an additional one-time fee of $250,000.

The general terms to be incorporated into the definitive agreement include the following:

  1. Seymour Capital will be solely responsible for financing 100% of the costs, associated with acquiring the land, building and commissioning of the JV Refinery ("Project Costs"), as well as for the initial refinery contemplated to be built in Ontario, if Seymour Capital exercises its Option.
  2. Seymour Capital has a right of first refusal to enter into further agreements with Cielo to participate with Cielo on a 50.1%/49.9% basis, in favour of Cielo, to build, commission and place on production follow-on refineries in Calgary ("Follow-on JV Refineries"). Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refinery and Follow-on JV Refineries and will receive a management fee for the construction of the JV Refinery, equal to 7% of the Project Costs subject to certain exclusions, and will receive management fees, based on industry standards, once operations begin.
  3. Profits will be split 30% in favour of Cielo and 70% in favour of Seymour Capital, until Seymour Capital has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo and 49.9% for Seymour Capital, reflecting the respective interests/ownership of the parties.
  4. In the event that Cielo does not execute the definitive agreement for Calgary, Alberta, subject to an exclusion, by February 28, 2019, which date may be extended by either party to April 30th, 2019 ("the Execution Date") Cielo has agreed, subject to applicable laws and policies, to issue Seymour Capital common shares of Cielo in lieu of returning the Fee, valued at the greater of $0.25 per share and the average closing price of Cielo's shares during the 5 trading days prior to the Execution Date.

 

Don Allan, President and CEO of Cielo, commented "We are very pleased to continue to advance our business model with a financially strong partner, Seymour Capital. We believe that this is another opportunity for Cielo to enter into a win/win arrangement, removing the financing and scale-up risk Cielo would otherwise face in building its next refineries."

Jeff Seymour, CEO of Seymour Capital, commented "We have followed Cielo's progress for over a year and now with the confirmation that their process is able to convert waste into high grade renewable fuels, we have elected to move forward with assisting Cielo financially to build a state-of-the-art green refinery in Calgary. Once our JV refinery is up and running Cielo will be able to showcase it to the rest of the country as well as to the world. We are looking forward to creating new jobs in Calgary while at the same time providing a solution that reduces the amount of waste that goes into Calgary's landfill."

UPDATE:

Cielo has successfully converted the raw distillate that it has produced to date, from wood waste, using its proprietary process at its Aldersyde Alberta Refinery ("Aldersyde Refinery"), into renewable fuels consisting of naphtha, kerosene and diesel. The Company had announced the initiation of this process on November 1, 2018.

The next step of the commissioning process will require the desulphurization of the renewable fuels. After reviewing multiple desulphurization solutions that are currently in commercial use, the Company has narrowed its decision to two companies. Over the upcoming weeks, Cielo is hoping to implement this equipment so that it can begin sales revenue.

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to high grade renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

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.

SOURCE:Cielo Waste Solutions Corp.

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Hey! Good luck down there Micheal,give them heck.keyboard_arrow_downShow Post

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Michael Yeung  posted an update in CIELO WASTE SOLUTIONS CORP.

Hi all,


We will be marketing the Cielo Waste Solutions story in Toronto from November 19th to November 22nd.


We will be located in downtown Toronto. CLICK HERE!


If you would like an update or meet to hear the story please let us know and we will arrange a time.

Best regards,

Michael

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Michael Yeung posted a News Item Cielo Waste Solution Marketing in Toronto Nov 19 - 22 in Cielo Waste Solutions Corp.

Hi all,


We will be marketing the Cielo Waste Solutions story in Toronto from November 19th to November 22nd.


We will be located in downtown Toronto. CLICK HERE!


If you would like an update or meet to hear the story please let us know and we will arrange a time.

Best regards,

Michael

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I am uncertain as to why there isn’t a significant climb in volume based on this news. It’s an amazing first big step and the catalyst that will ignite The burners for Cielo. I’m a strong believer in what Cielo’s technology can mean for our entire planet. Can’t wait to see updates and see where we are by this time next year! Keep up the good works team Cielo! keyboard_arrow_downShow Post

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8020 Admin

1 month

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / November 1, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) is pleased to announce that it has successfully initiated the conversion of its raw distillate made from wood waste feedstock into renewable fuels including naphtha, kerosene and diesel in the second step of its Phase I commissioning process at Cielo’s first commercial refinery in Aldersyde, Alberta ("Aldersyde Refinery"). This is further proof of the viability of the Company’s proprietary process and technology that can convert multiple different waste products into high grade renewable diesel. Cielo is now in the final stage of commissioning its Aldersyde Refinery and anticipates sales will commence in the next 6 to10 weeks.

Joint Venture:

Cielo is also pleased to announce that it has entered into a Binding Memorandum of Understanding ("MOU") with Renewable U Energy Inc. ("Renewable U"), a privately-owned Alberta corporation. The MOU provides the framework for Cielo to enter into a joint venture agreement ("JV Agreement") with Renewable U to build, commission and operate one refinery initially ("JV Refinery"), with a right of first refusal to enter into further agreements for potential follow-on refineries (together with the JV Refinery, collectively "JV Refineries") in Grande Prairie, Alberta. Pursuant to the terms of the MOU, Renewable U has an option to enter into a second Memorandum of Understanding with Cielo for Medicine Hat, Alberta. Each JV Refinery will utilize the technology ("Technology") to which Cielo holds an exclusive global license that is being employed at the Aldersyde Refinery, to convert wood waste into high grade renewable diesel, naphtha and kerosene. Each JV Refinery will be engineered to produce approximately 8 million liters per year of high grade, renewable diesel for which Cielo’s research indicates there is an estimated mandated demand in Canada of approximately 650 million liters a year to be blended into highway grade diesel, most of which currently is imported. Each JV Refinery is projected to cost approximately $20 million.

Cielo and Renewable U have agreed to negotiate and finalize the terms of the JV Agreement for the initial JV Refinery ("Project") over the next ninety days. The parties intend to form an incorporated joint venture, to be owned 50.1% by Cielo and 49.9% by Renewable U, unless otherwise agreed.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Renewable U has paid to Cielo a $250,000.00 fee ("Fee") to secure the territory of Grande Prairie, Alberta and the surrounding area encompassing a 250 km radius. In the event that Renewable U exercises its option within 45 days to enter into a second Memorandum of Understanding for Medicine Hat, Alberta, Renewable U will pay Cielo an additional $250,000.00, to secure the territory of Medicine Hat, Alberta and the surrounding area within a 50 km radius. In the event Cielo does not execute the JV Agreement for Grande Prairie, subject to an exclusion, by January 29, 2019, Cielo has agreed, subject to applicable laws and policies, to issue Renewable U common shares of Cielo in lieu of returning the Fee, valued at the greater of: $0.25 and the average closing price of Cielo’s shares during the 5 trading days prior to January 29, 2019.

The general terms to be incorporated into the JV Agreement include the following:

a. Renewable U will be solely responsible for financing 100% of the costs associated with acquiring the land, building and commissioning the initial JV Refinery (“Project Costs”), as well as for the initial refinery contemplated to be built in Medicine Hat, Alberta, if Renewable U exercises its option.

b. Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refineries and will receive a management fee for the construction of the JV Refinery equal to 7% of the Project Costs subject to certain exclusions, and will continue to receive management fees once operations begin based on industry standards.

c. Profits will be split 30% in favor of Cielo and 70% in favour of Renewable U, until Renewable U has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo, 49.9% for Renewable U, reflecting the respective interests/ownership of the parties.

Don Allan, President and CEO of Cielo, commented, "We have now completed the next significant step of our Company’s history with the initiation of production of our renewable fuels (diesel, kerosene and naphtha) from the raw distillate that we produced last month from wood waste. We are nearing the sale of our first renewable fuels. In addition, we are thrilled that with the results achieved to date through the commercialization process, we have gathered substantial interest from multiple parties for potential joint ventures. As such we are excited to be working with Renewable U Energy to finalize the terms of our anticipated Joint Venture Agreement. We believe that the terms being negotiated for the anticipated joint venture will result in a truly win/win arrangement for both parties, as it removes the financing and scale-up risk associated with the next one or two of our refineries and allows us to earn profits as well as ongoing management fees during both the construction and operation of the anticipated joint venture refineries."

Lionel Robins, CEO of Renewable U, stated "We have been following Cielo’s progress for some time now and are very excited to be working with Don Allan and his team at Cielo to bring their innovative and industry-leading technology to potentially two key areas of Alberta. We believe that Grande Prairie is quickly becoming recognized as the unofficial "epicenter" of the Oil and Gas Industry in Canada and that Medicine Hat has already proven itself to be one of the most progressive and innovative municipalities in Western Canada. We believe that to bring clean, green environmental refineries of this magnitude to these areas is a clear example of philanthropic capitalism, where we can bring jobs and economic growth to our communities, while also working towards creating a cleaner and healthier world for our families to live in."

Related Party Loan:

A related party has delivered to the Company a loan in exchange for a demand promissory note ("Note") in the amount of $500,000 ("Loan") as a bridge loan while the Company seeks the balance of financing required to complete the commissioning of the Aldersyde Refinery, in particular, primarily for the purchase of additional equipment, as announced on October 4, 2018.

The Loan constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). Cielo relies 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 Loan is 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 relies 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 Loan not being more than Twenty-Five Percent (25%) of the market capitalization of Cielo nor $2,500,000. As contemplated by MI 61-101, Cielo did not file a material change report in respect of the related party transaction at least 21 days before the issuance of the Note as Cielo was not aware of the Loan at such time.

Conference Call:

Cielo will be hosting a Conference Call on Fri, November 2, 2018 from 1:00 PM to 2:30 PM MDT. Please feel free to join the call from your computer, tablet or smartphone by clicking on the following link. https://global.gotomeeting.com/join/287684301

Interested parties can call in by dialing within Canada +1 (647) 497-9373 or in the United States +1 (312) 757-3117 and then entering the Access Code: 287-684-301.

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world’s leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

About Renewable U Energy Inc.

Renewable U Energy Inc. is a private Alberta corporation. Renewable U was recently incorporated to bring local investors and strategic partners together to participate with Cielo Waste Solutions Corp., on a joint venture basis, to build and operate environmentally friendly high-grade renewable diesel refineries in specified territories.

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.

SOURCE: Cielo Waste Solutions Corp.

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Potchi V commented on Michael Yeung  update in CIELO WASTE SOLUTIONS CORP.

1 month

Great work Don and Michael!!! I agree with the company's move pursuing JV opportunities at this crucial time and avoid further dillution.. maybe you can throw in a $2Mil loan as part of the JV agreement that will help buy the required boiler to complete the current Cielo plant. This is a win win situation for those JV partners as they will see right away the completed and fully operational plant.
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Michael Yeung posted an update in CIELO WASTE SOLUTIONS CORP.

Hi All, We wanted to do a Make Up Conference call this Friday November 2nd at 1PM MST as we had more interest than anticipated for our AGM last week and some investors couldn’t log into the call. If you would like to participate please see below participation information. AGM Make Up Conference Call Fri, Nov 2, 2018 1:00 PM - 2:30 PM MDT Please join my meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/287684301 You can also dial in using your phone. Canada: +1 (647) 497-9373 Access Code: 287-684-301 More phone numbers United States: +1 (312) 757-3117 First GoToMeeting? Let's do a quick system check: https://link.gotomeeting.com/system-check

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8020 Admin

1 month

8020 Admin posted a press release Cielo Announces Initial Production of Renewable Fuels and Memorandum of Understanding with Renewable U Energy to Build a Renewable Diesel Refinery in Grande Prairie in Cielo Waste Solutions Corp.

VANCOUVER, BC / ACCESSWIRE / November 1, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) is pleased to announce that it has successfully initiated the conversion of its raw distillate made from wood waste feedstock into renewable fuels including naphtha, kerosene and diesel in the second step of its Phase I commissioning process at Cielo’s first commercial refinery in Aldersyde, Alberta ("Aldersyde Refinery"). This is further proof of the viability of the Company’s proprietary process and technology that can convert multiple different waste products into high grade renewable diesel. Cielo is now in the final stage of commissioning its Aldersyde Refinery and anticipates sales will commence in the next 6 to10 weeks.

Joint Venture:

Cielo is also pleased to announce that it has entered into a Binding Memorandum of Understanding ("MOU") with Renewable U Energy Inc. ("Renewable U"), a privately-owned Alberta corporation. The MOU provides the framework for Cielo to enter into a joint venture agreement ("JV Agreement") with Renewable U to build, commission and operate one refinery initially ("JV Refinery"), with a right of first refusal to enter into further agreements for potential follow-on refineries (together with the JV Refinery, collectively "JV Refineries") in Grande Prairie, Alberta. Pursuant to the terms of the MOU, Renewable U has an option to enter into a second Memorandum of Understanding with Cielo for Medicine Hat, Alberta. Each JV Refinery will utilize the technology ("Technology") to which Cielo holds an exclusive global license that is being employed at the Aldersyde Refinery, to convert wood waste into high grade renewable diesel, naphtha and kerosene. Each JV Refinery will be engineered to produce approximately 8 million liters per year of high grade, renewable diesel for which Cielo’s research indicates there is an estimated mandated demand in Canada of approximately 650 million liters a year to be blended into highway grade diesel, most of which currently is imported. Each JV Refinery is projected to cost approximately $20 million.

Cielo and Renewable U have agreed to negotiate and finalize the terms of the JV Agreement for the initial JV Refinery ("Project") over the next ninety days. The parties intend to form an incorporated joint venture, to be owned 50.1% by Cielo and 49.9% by Renewable U, unless otherwise agreed.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Renewable U has paid to Cielo a $250,000.00 fee ("Fee") to secure the territory of Grande Prairie, Alberta and the surrounding area encompassing a 250 km radius. In the event that Renewable U exercises its option within 45 days to enter into a second Memorandum of Understanding for Medicine Hat, Alberta, Renewable U will pay Cielo an additional $250,000.00, to secure the territory of Medicine Hat, Alberta and the surrounding area within a 50 km radius. In the event Cielo does not execute the JV Agreement for Grande Prairie, subject to an exclusion, by January 29, 2019, Cielo has agreed, subject to applicable laws and policies, to issue Renewable U common shares of Cielo in lieu of returning the Fee, valued at the greater of: $0.25 and the average closing price of Cielo’s shares during the 5 trading days prior to January 29, 2019.

The general terms to be incorporated into the JV Agreement include the following:

a. Renewable U will be solely responsible for financing 100% of the costs associated with acquiring the land, building and commissioning the initial JV Refinery (“Project Costs”), as well as for the initial refinery contemplated to be built in Medicine Hat, Alberta, if Renewable U exercises its option.

b. Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refineries and will receive a management fee for the construction of the JV Refinery equal to 7% of the Project Costs subject to certain exclusions, and will continue to receive management fees once operations begin based on industry standards.

c. Profits will be split 30% in favor of Cielo and 70% in favour of Renewable U, until Renewable U has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo, 49.9% for Renewable U, reflecting the respective interests/ownership of the parties.

Don Allan, President and CEO of Cielo, commented, "We have now completed the next significant step of our Company’s history with the initiation of production of our renewable fuels (diesel, kerosene and naphtha) from the raw distillate that we produced last month from wood waste. We are nearing the sale of our first renewable fuels. In addition, we are thrilled that with the results achieved to date through the commercialization process, we have gathered substantial interest from multiple parties for potential joint ventures. As such we are excited to be working with Renewable U Energy to finalize the terms of our anticipated Joint Venture Agreement. We believe that the terms being negotiated for the anticipated joint venture will result in a truly win/win arrangement for both parties, as it removes the financing and scale-up risk associated with the next one or two of our refineries and allows us to earn profits as well as ongoing management fees during both the construction and operation of the anticipated joint venture refineries."

Lionel Robins, CEO of Renewable U, stated "We have been following Cielo’s progress for some time now and are very excited to be working with Don Allan and his team at Cielo to bring their innovative and industry-leading technology to potentially two key areas of Alberta. We believe that Grande Prairie is quickly becoming recognized as the unofficial "epicenter" of the Oil and Gas Industry in Canada and that Medicine Hat has already proven itself to be one of the most progressive and innovative municipalities in Western Canada. We believe that to bring clean, green environmental refineries of this magnitude to these areas is a clear example of philanthropic capitalism, where we can bring jobs and economic growth to our communities, while also working towards creating a cleaner and healthier world for our families to live in."

Related Party Loan:

A related party has delivered to the Company a loan in exchange for a demand promissory note ("Note") in the amount of $500,000 ("Loan") as a bridge loan while the Company seeks the balance of financing required to complete the commissioning of the Aldersyde Refinery, in particular, primarily for the purchase of additional equipment, as announced on October 4, 2018.

The Loan constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). Cielo relies 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 Loan is 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 relies 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 Loan not being more than Twenty-Five Percent (25%) of the market capitalization of Cielo nor $2,500,000. As contemplated by MI 61-101, Cielo did not file a material change report in respect of the related party transaction at least 21 days before the issuance of the Note as Cielo was not aware of the Loan at such time.

Conference Call:

Cielo will be hosting a Conference Call on Fri, November 2, 2018 from 1:00 PM to 2:30 PM MDT. Please feel free to join the call from your computer, tablet or smartphone by clicking on the following link. https://global.gotomeeting.com/join/287684301

Interested parties can call in by dialing within Canada +1 (647) 497-9373 or in the United States +1 (312) 757-3117 and then entering the Access Code: 287-684-301.

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world’s leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

About Renewable U Energy Inc.

Renewable U Energy Inc. is a private Alberta corporation. Renewable U was recently incorporated to bring local investors and strategic partners together to participate with Cielo Waste Solutions Corp., on a joint venture basis, to build and operate environmentally friendly high-grade renewable diesel refineries in specified territories.

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.

SOURCE: Cielo Waste Solutions Corp.

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Am Ran commented on Michael Yeung  update in CIELO WASTE SOLUTIONS CORP.

1 month

Michael, thank you for setting up another call. My only concern is that 50 shareholders have had information from the AGM for 4 trading days that the rest of us have not received. When can we expect an press release/summary of the information that was shared last week?
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Michael Yeung posted an update in CIELO WASTE SOLUTIONS CORP.

Hi All, We wanted to do a Make Up Conference call this Friday November 2nd at 1PM MST as we had more interest than anticipated for our AGM last week and some investors couldn’t log into the call. If you would like to participate please see below participation information. AGM Make Up Conference Call Fri, Nov 2, 2018 1:00 PM - 2:30 PM MDT Please join my meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/287684301 You can also dial in using your phone. Canada: +1 (647) 497-9373 Access Code: 287-684-301 More phone numbers United States: +1 (312) 757-3117 First GoToMeeting? Let's do a quick system check: https://link.gotomeeting.com/system-check

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Cielo Waste Solutions Corp.

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paul and posted an update in CIELO WASTE SOLUTIONS CORP.

4 days

Hi Michael, apparently I missed a good conference call. Will it be replayed on Cielo's website or could you possibly provide some highlights of the meeting. Cheers

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Hi all, Below is today's article from the national post on B.C.'s climate change plan that aims to build its economy around renewable energy.  This article underscores our belief that we would see a potential increasing need for our renewable diesel and a push for more greentech. The key takeaway from the article on how it impacts Cielo is:  "...The plan also includes phasing in more renewable fuels to consumer gas products by ramping up new production of 650 million litres of renewable gasoline and diesel by 2030 and increasing the low carbon fuel standard by 20 per cent. That means gas at the pump could include a mix of biofuels and other cleaner fuel products, one official said..." https://nationalpost.com/pmn/news-pmn/canada-news-pmn/b-c-to-introduce-clean-climate-plan-as-carbon-emitting-lng-industry-grows

https://nationalpost.com/pmn/news-pmn/canada-news-pmn/b-c-to-introduce-clean-climate-plan-as-carbon-emitting-lng-industry-grows

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Great post and comments Michael..
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Unfortunately the last press release has only harmed the share price in the short term. It was unnecessary to say that they may do an equity raise and create more uncertainty. They should have figured out how they will proceed with financing to complete the refinery then provided a press release with the details of that. At this point the market is assuming they will not be able to raise the necessary funds to complete their refinery. I am sure the price will recover. The question is when and how far it has yet to drop.

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Thank you for your response Michael. We are all very much looking forward to the success of the company.
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Unfortunately the last press release has only harmed the share price in the short term. It was unnecessary to say that they may do an equity raise and create more uncertainty. They should have figured out how they will proceed with financing to complete the refinery then provided a press release with the details of that. At this point the market is assuming they will not be able to raise the necessary funds to complete their refinery. I am sure the price will recover. The question is when and how far it has yet to drop.

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Hope you guys can overcome your issues with minimal cost or dilution to shareholders Good luck

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Hi Maria, its is unfortunate of what is happening in the market. We are all frustrated with what has occurred given the progress the company has made. We have ran thru both steps 1 and 2 of phase and are sitting on renewable fuels! we are anticipating results from the desulphurization firms this week as finalizing which process to move forward with. We are evaluating various capital options as we are moving quickly to our next steps. One of the things this company does that some do not do not is that at Cielo we stride on the belief of transparency with our shareholders. For both good news, bad news or indifferent news - our firm stands behind the premise that our shareholders have a right to that information. Again the press release stated we may consider a private placement - as this is a consideration - not necessarily our final decision.
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Unfortunately the last press release has only harmed the share price in the short term. It was unnecessary to say that they may do an equity raise and create more uncertainty. They should have figured out how they will proceed with financing to complete the refinery then provided a press release with the details of that. At this point the market is assuming they will not be able to raise the necessary funds to complete their refinery. I am sure the price will recover. The question is when and how far it has yet to drop.

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Hi Potchi, we have two main companies that were lab testing our products to see the best and most effective way of removing the sulphur. The lab test are from third parties as such we have no control on timing. We try as much as we can to pressure them to move. We are anticipating lab results this week. Will keep everyone posted. Also we will be hosting a conference call tomorrow - please join to get an update. cheers, Michael
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Potchi V

6 days

Potchi V posted an update in CIELO WASTE SOLUTIONS CORP.

Hi Cielo, This question has been bugging me since the last press release. What are the reasons that the desulphurization unit has yet to be installed after months of having the distillate stored in the tank? Did Cielo order the unit already and just waiting for it to be delivered and installed?

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Conference Call: Cielo will be hosting a Conference Call on Wednesday, December 5, 2018 from 1:00 PM to 2:00 PM MDT. Please join our meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/858718085 You can also dial in using your phone. 1-877-385-4099, and then dialing the following participant number: 7013581

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Potchi V posted an update in CIELO WASTE SOLUTIONS CORP.

6 days

Hi Cielo, This question has been bugging me since the last press release. What are the reasons that the desulphurization unit has yet to be installed after months of having the distillate stored in the tank? Did Cielo order the unit already and just waiting for it to be delivered and installed?

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Unfortunately the last press release has only harmed the share price in the short term. It was unnecessary to say that they may do an equity raise and create more uncertainty. They should have figured out how they will proceed with financing to complete the refinery then provided a press release with the details of that. At this point the market is assuming they will not be able to raise the necessary funds to complete their refinery. I am sure the price will recover. The question is when and how far it has yet to drop.

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gerrygen replied to the press release 8020 Admin  update in CIELO WASTE SOLUTIONS CORP.

7 days

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Wow! Surely did not see this much of a slide coming;just hoping we can recover from it.keyboard_arrow_downShow Post

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8020 Admin

10 days

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / November 30, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) would like to provide an operations update on the Company's Aldersyde renewable diesel refinery (the "Refinery") and announce the settlement of $1,114,517.73 of debt in order to conserve capital while completing the commissioning process for the Refinery.

Operations Update

The Refinery continues to operate under a two-step process, step 1 being the conversion of the biomass (waste/sawdust) into a distillate and step 2 being conversion of the distillate into renewable naphtha, kerosene and diesel. The fuels produced to date are being held in tanks until the Company is able to install the desulphurization unit to remove the sulphur from the fuels.

As previously announced, in order to operate both steps described above simultaneously, Cielo requires a larger heater system to be installed, which involves the purchase of a second boiler and re-engineering of the first. Management had previously determined that moving forward with the rest of the commissioning process while addressing financing needs would be the most prudent approach. Cielo reached the final stage, desulphurization, and is currently choosing between two alternative processes that will result in the ability to sell its high-grade renewable fuels at the highest possible price. As the implementation of the desulphurization equipment will take longer than anticipated due to third party laboratory testing and the proximity of the holiday season, management estimates achieving first sales in Q1 2019.

In the meantime, management has determined that the best way to continue to move the process and timeline forward is to focus on acquiring the second boiler and re-engineering the first, which is currently in progress. This will allow both steps described above to run concurrently and facilitate the continuous flow operation of the Refinery. Management anticipates completing the purchase, manufacturing, installation and commissioning of the second boiler system 6 to 10 weeks after securing financing.

Financing Activities/Shares for Debt Settlements:

Cielo continues to receive support from its stakeholders. Contractors have agreed to convert over $500,000 of their trade receivables and two of the Company's insiders have agreed to convert over $600,000 of their outstanding loans to the Company into common shares of Cielo.

The shares for debt arrangements provide for the settlement of $508,684.40 in funds owing to contractors by the issuance of 2,826,025 common shares at a deemed price of $0.18 per share and $605,833.33 in loans owing to insiders of the Company by the issuance of 3,029,167 common shares at a deemed price of $0.20 per share, being a 20% and 33% premium, respectively, to the Company's closing price on November 29, 2018. As management has decided to proceed with the improvement of the heater system and the purchase and installation of the second boiler, the Company is considering a potential private placement offering of securities. If the Company proceeds, management expects to determine and announce the terms of the offering in the next week.

As certain insiders participated in the shares for debt transactions, it is considered to be a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on the exemption from valuation requirement pursuant to subsection 5.5(b) of MI 61-101, as the securities of the Company are not listed or quoted on an enumerated stock exchange, and the Company relies on the exemption from minority approval under subsection 5.7(b) of MI 61-101, as the securities of the Company are not listed or quoted on an enumerated stock exchange; neither consideration received, nor the fair value of the securities distributed exceeds $2,500,000; and at least two thirds of independent directors of the Company, voted in favour of the related party transaction.

Don Allan, President and CEO, stated that, "Although we have encountered a number of challenges in our commissioning process, we have been able to figure out solutions, which are taking time and money to resolve. As is the case with the commissioning of many technologies, as they are scaled up, there are unforeseen and uncontrollable factors that are encountered. Despite the challenges that have arisen, we have continued to advance our technology. We have produced our renewable fuels and are working towards removing the sulphur as quickly as possible but also ensuring that we continue to make the best choices for the technology and Company in the long run, not just with a focus on achieving initial sales. At the same time, we are being proactive in taking the needed next steps to get our Aldersyde refinery operating on a continuous-flow basis, to keep the momentum going and working to enhance shareholder value. Management thanks the trades and insiders for their continued support, their conversion of debt at a premium to market prices demonstrating their belief in and commitment to Cielo and our technology."

Conference Call:

Cielo will be hosting a Conference Call on Wednesday, December 5, 2018 from 1:00 PM to 2:00 PM MDT. Please join our meeting from your computer, tablet or smartphone.

https://global.gotomeeting.com/join/858718085

You can also dial in using your phone.

1-877-385-4099, and then dialing the following participant number: 7013581

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to high grade renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

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.

SOURCE: Cielo Waste Solutions Corp.

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8020 Admin

10 days

8020 Admin posted a press release Cielo Waste Solutions Provides Operations Update and Announces Shares for Debt Settlements in Cielo Waste Solutions Corp.

VANCOUVER, BC / ACCESSWIRE / November 30, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) would like to provide an operations update on the Company's Aldersyde renewable diesel refinery (the "Refinery") and announce the settlement of $1,114,517.73 of debt in order to conserve capital while completing the commissioning process for the Refinery.

Operations Update

The Refinery continues to operate under a two-step process, step 1 being the conversion of the biomass (waste/sawdust) into a distillate and step 2 being conversion of the distillate into renewable naphtha, kerosene and diesel. The fuels produced to date are being held in tanks until the Company is able to install the desulphurization unit to remove the sulphur from the fuels.

As previously announced, in order to operate both steps described above simultaneously, Cielo requires a larger heater system to be installed, which involves the purchase of a second boiler and re-engineering of the first. Management had previously determined that moving forward with the rest of the commissioning process while addressing financing needs would be the most prudent approach. Cielo reached the final stage, desulphurization, and is currently choosing between two alternative processes that will result in the ability to sell its high-grade renewable fuels at the highest possible price. As the implementation of the desulphurization equipment will take longer than anticipated due to third party laboratory testing and the proximity of the holiday season, management estimates achieving first sales in Q1 2019.

In the meantime, management has determined that the best way to continue to move the process and timeline forward is to focus on acquiring the second boiler and re-engineering the first, which is currently in progress. This will allow both steps described above to run concurrently and facilitate the continuous flow operation of the Refinery. Management anticipates completing the purchase, manufacturing, installation and commissioning of the second boiler system 6 to 10 weeks after securing financing.

Financing Activities/Shares for Debt Settlements:

Cielo continues to receive support from its stakeholders. Contractors have agreed to convert over $500,000 of their trade receivables and two of the Company's insiders have agreed to convert over $600,000 of their outstanding loans to the Company into common shares of Cielo.

The shares for debt arrangements provide for the settlement of $508,684.40 in funds owing to contractors by the issuance of 2,826,025 common shares at a deemed price of $0.18 per share and $605,833.33 in loans owing to insiders of the Company by the issuance of 3,029,167 common shares at a deemed price of $0.20 per share, being a 20% and 33% premium, respectively, to the Company's closing price on November 29, 2018. As management has decided to proceed with the improvement of the heater system and the purchase and installation of the second boiler, the Company is considering a potential private placement offering of securities. If the Company proceeds, management expects to determine and announce the terms of the offering in the next week.

As certain insiders participated in the shares for debt transactions, it is considered to be a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on the exemption from valuation requirement pursuant to subsection 5.5(b) of MI 61-101, as the securities of the Company are not listed or quoted on an enumerated stock exchange, and the Company relies on the exemption from minority approval under subsection 5.7(b) of MI 61-101, as the securities of the Company are not listed or quoted on an enumerated stock exchange; neither consideration received, nor the fair value of the securities distributed exceeds $2,500,000; and at least two thirds of independent directors of the Company, voted in favour of the related party transaction.

Don Allan, President and CEO, stated that, "Although we have encountered a number of challenges in our commissioning process, we have been able to figure out solutions, which are taking time and money to resolve. As is the case with the commissioning of many technologies, as they are scaled up, there are unforeseen and uncontrollable factors that are encountered. Despite the challenges that have arisen, we have continued to advance our technology. We have produced our renewable fuels and are working towards removing the sulphur as quickly as possible but also ensuring that we continue to make the best choices for the technology and Company in the long run, not just with a focus on achieving initial sales. At the same time, we are being proactive in taking the needed next steps to get our Aldersyde refinery operating on a continuous-flow basis, to keep the momentum going and working to enhance shareholder value. Management thanks the trades and insiders for their continued support, their conversion of debt at a premium to market prices demonstrating their belief in and commitment to Cielo and our technology."

Conference Call:

Cielo will be hosting a Conference Call on Wednesday, December 5, 2018 from 1:00 PM to 2:00 PM MDT. Please join our meeting from your computer, tablet or smartphone.

https://global.gotomeeting.com/join/858718085

You can also dial in using your phone.

1-877-385-4099, and then dialing the following participant number: 7013581

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to high grade renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

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.

SOURCE: Cielo Waste Solutions Corp.

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RR replied to the press release 8020 Admin  update in CIELO WASTE SOLUTIONS CORP.

12 days

...

waste is a global problem. Amounts of waste humans produce is so great right now that Even China is refusing to take a lot of North America waste since their land fills are getting full. Cielo is a revolutionary company that can solve waste problem on global level. Ability to process plastics on its own is a multi million dollar idea. Once Cielo rises and becomes a global monster anyone who was involved in developing this technology should receive an award and a big thank you from all of us. I am not sure why some investment sites say Cielo has "weak fundamentals". Cielo spent multiple years of research developing this technology with backing of very solid leadership team. They finally received the capitals to build their first few refineries. All the tests regarding renewable diesel came back with great results. It is time to load up on shares grab a bucket of popcorn and watch Cielo take over our recycling industry and a big part of energy sector. The beauty about this company is that it is a solution to a major global problem. Cheers everyone:) keyboard_arrow_downShow Post

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8020 Admin

1 month

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / November 1, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) is pleased to announce that it has successfully initiated the conversion of its raw distillate made from wood waste feedstock into renewable fuels including naphtha, kerosene and diesel in the second step of its Phase I commissioning process at Cielo’s first commercial refinery in Aldersyde, Alberta ("Aldersyde Refinery"). This is further proof of the viability of the Company’s proprietary process and technology that can convert multiple different waste products into high grade renewable diesel. Cielo is now in the final stage of commissioning its Aldersyde Refinery and anticipates sales will commence in the next 6 to10 weeks.

Joint Venture:

Cielo is also pleased to announce that it has entered into a Binding Memorandum of Understanding ("MOU") with Renewable U Energy Inc. ("Renewable U"), a privately-owned Alberta corporation. The MOU provides the framework for Cielo to enter into a joint venture agreement ("JV Agreement") with Renewable U to build, commission and operate one refinery initially ("JV Refinery"), with a right of first refusal to enter into further agreements for potential follow-on refineries (together with the JV Refinery, collectively "JV Refineries") in Grande Prairie, Alberta. Pursuant to the terms of the MOU, Renewable U has an option to enter into a second Memorandum of Understanding with Cielo for Medicine Hat, Alberta. Each JV Refinery will utilize the technology ("Technology") to which Cielo holds an exclusive global license that is being employed at the Aldersyde Refinery, to convert wood waste into high grade renewable diesel, naphtha and kerosene. Each JV Refinery will be engineered to produce approximately 8 million liters per year of high grade, renewable diesel for which Cielo’s research indicates there is an estimated mandated demand in Canada of approximately 650 million liters a year to be blended into highway grade diesel, most of which currently is imported. Each JV Refinery is projected to cost approximately $20 million.

Cielo and Renewable U have agreed to negotiate and finalize the terms of the JV Agreement for the initial JV Refinery ("Project") over the next ninety days. The parties intend to form an incorporated joint venture, to be owned 50.1% by Cielo and 49.9% by Renewable U, unless otherwise agreed.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Renewable U has paid to Cielo a $250,000.00 fee ("Fee") to secure the territory of Grande Prairie, Alberta and the surrounding area encompassing a 250 km radius. In the event that Renewable U exercises its option within 45 days to enter into a second Memorandum of Understanding for Medicine Hat, Alberta, Renewable U will pay Cielo an additional $250,000.00, to secure the territory of Medicine Hat, Alberta and the surrounding area within a 50 km radius. In the event Cielo does not execute the JV Agreement for Grande Prairie, subject to an exclusion, by January 29, 2019, Cielo has agreed, subject to applicable laws and policies, to issue Renewable U common shares of Cielo in lieu of returning the Fee, valued at the greater of: $0.25 and the average closing price of Cielo’s shares during the 5 trading days prior to January 29, 2019.

The general terms to be incorporated into the JV Agreement include the following:

a. Renewable U will be solely responsible for financing 100% of the costs associated with acquiring the land, building and commissioning the initial JV Refinery (“Project Costs”), as well as for the initial refinery contemplated to be built in Medicine Hat, Alberta, if Renewable U exercises its option.

b. Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refineries and will receive a management fee for the construction of the JV Refinery equal to 7% of the Project Costs subject to certain exclusions, and will continue to receive management fees once operations begin based on industry standards.

c. Profits will be split 30% in favor of Cielo and 70% in favour of Renewable U, until Renewable U has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo, 49.9% for Renewable U, reflecting the respective interests/ownership of the parties.

Don Allan, President and CEO of Cielo, commented, "We have now completed the next significant step of our Company’s history with the initiation of production of our renewable fuels (diesel, kerosene and naphtha) from the raw distillate that we produced last month from wood waste. We are nearing the sale of our first renewable fuels. In addition, we are thrilled that with the results achieved to date through the commercialization process, we have gathered substantial interest from multiple parties for potential joint ventures. As such we are excited to be working with Renewable U Energy to finalize the terms of our anticipated Joint Venture Agreement. We believe that the terms being negotiated for the anticipated joint venture will result in a truly win/win arrangement for both parties, as it removes the financing and scale-up risk associated with the next one or two of our refineries and allows us to earn profits as well as ongoing management fees during both the construction and operation of the anticipated joint venture refineries."

Lionel Robins, CEO of Renewable U, stated "We have been following Cielo’s progress for some time now and are very excited to be working with Don Allan and his team at Cielo to bring their innovative and industry-leading technology to potentially two key areas of Alberta. We believe that Grande Prairie is quickly becoming recognized as the unofficial "epicenter" of the Oil and Gas Industry in Canada and that Medicine Hat has already proven itself to be one of the most progressive and innovative municipalities in Western Canada. We believe that to bring clean, green environmental refineries of this magnitude to these areas is a clear example of philanthropic capitalism, where we can bring jobs and economic growth to our communities, while also working towards creating a cleaner and healthier world for our families to live in."

Related Party Loan:

A related party has delivered to the Company a loan in exchange for a demand promissory note ("Note") in the amount of $500,000 ("Loan") as a bridge loan while the Company seeks the balance of financing required to complete the commissioning of the Aldersyde Refinery, in particular, primarily for the purchase of additional equipment, as announced on October 4, 2018.

The Loan constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). Cielo relies 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 Loan is 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 relies 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 Loan not being more than Twenty-Five Percent (25%) of the market capitalization of Cielo nor $2,500,000. As contemplated by MI 61-101, Cielo did not file a material change report in respect of the related party transaction at least 21 days before the issuance of the Note as Cielo was not aware of the Loan at such time.

Conference Call:

Cielo will be hosting a Conference Call on Fri, November 2, 2018 from 1:00 PM to 2:30 PM MDT. Please feel free to join the call from your computer, tablet or smartphone by clicking on the following link. https://global.gotomeeting.com/join/287684301

Interested parties can call in by dialing within Canada +1 (647) 497-9373 or in the United States +1 (312) 757-3117 and then entering the Access Code: 287-684-301.

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world’s leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

About Renewable U Energy Inc.

Renewable U Energy Inc. is a private Alberta corporation. Renewable U was recently incorporated to bring local investors and strategic partners together to participate with Cielo Waste Solutions Corp., on a joint venture basis, to build and operate environmentally friendly high-grade renewable diesel refineries in specified territories.

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.

SOURCE: Cielo Waste Solutions Corp.

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The fiscal budget review is actually pretty good for Cielo as we can write more equipment off faster. Tax cuts for businesses! Trudeau Unveils $10.5 Billion in Tax Cuts to Keep Up With Trump https://www.bloomberg.com/news/articles/2018-11-21/trudeau-cuts-canada-business-taxes-defers-deficit-reduction

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gerrygen replied to the press release 8020 Admin  update in CIELO WASTE SOLUTIONS CORP.

18 days

...

Awsome news Don,proud to be a shareholder,keep it going.keyboard_arrow_downShow Post

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8020 Admin

18 days

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / November 22, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) Cielo is pleased to announce that it has entered into a binding Memorandum of Understanding ("MOU") with Seymour Capital Incorporated ("Seymour Capital") that provides the framework for a joint venture agreement ("JV Agreement") pursuant to which Seymour Capital will provide 100% of the funding to build, commission and operate a Joint Venture Refinery ("JV Refinery") in Calgary, Alberta. The JV Refinery is projected to cost approximately $20 million and the parties to the MOU hope to have negotiated and finalized the terms of the JV Agreement for the JV Refinery ("Project") by February 28th, 2019, but in any event no later than April 30, 2019. The parties intend to form a joint venture company, to be owned 50.1% by Cielo and 49.9% by Seymour Capital.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Seymour Capital has paid to Cielo a $250,000.00 upfront fee ("Fee") to secure the territory of Calgary, Alberta. Pursuant to the terms of the MOU, Seymour Capital has been granted an option that can be exercised, on or before February 28th, 2019 to enter into a follow-on contractual arrangement with Cielo, on similar terms to the MOU, to build, commission and operate another joint venture refinery to be located in an Ontario municipality, of Seymour Capital's choice, other than one that is within the Greater Toronto Area ("Option"). In the event that Seymour Capital exercises its Option, Seymour Capital will pay to Cielo an additional one-time fee of $250,000.

The general terms to be incorporated into the definitive agreement include the following:

  1. Seymour Capital will be solely responsible for financing 100% of the costs, associated with acquiring the land, building and commissioning of the JV Refinery ("Project Costs"), as well as for the initial refinery contemplated to be built in Ontario, if Seymour Capital exercises its Option.
  2. Seymour Capital has a right of first refusal to enter into further agreements with Cielo to participate with Cielo on a 50.1%/49.9% basis, in favour of Cielo, to build, commission and place on production follow-on refineries in Calgary ("Follow-on JV Refineries"). Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refinery and Follow-on JV Refineries and will receive a management fee for the construction of the JV Refinery, equal to 7% of the Project Costs subject to certain exclusions, and will receive management fees, based on industry standards, once operations begin.
  3. Profits will be split 30% in favour of Cielo and 70% in favour of Seymour Capital, until Seymour Capital has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo and 49.9% for Seymour Capital, reflecting the respective interests/ownership of the parties.
  4. In the event that Cielo does not execute the definitive agreement for Calgary, Alberta, subject to an exclusion, by February 28, 2019, which date may be extended by either party to April 30th, 2019 ("the Execution Date") Cielo has agreed, subject to applicable laws and policies, to issue Seymour Capital common shares of Cielo in lieu of returning the Fee, valued at the greater of $0.25 per share and the average closing price of Cielo's shares during the 5 trading days prior to the Execution Date.

 

Don Allan, President and CEO of Cielo, commented "We are very pleased to continue to advance our business model with a financially strong partner, Seymour Capital. We believe that this is another opportunity for Cielo to enter into a win/win arrangement, removing the financing and scale-up risk Cielo would otherwise face in building its next refineries."

Jeff Seymour, CEO of Seymour Capital, commented "We have followed Cielo's progress for over a year and now with the confirmation that their process is able to convert waste into high grade renewable fuels, we have elected to move forward with assisting Cielo financially to build a state-of-the-art green refinery in Calgary. Once our JV refinery is up and running Cielo will be able to showcase it to the rest of the country as well as to the world. We are looking forward to creating new jobs in Calgary while at the same time providing a solution that reduces the amount of waste that goes into Calgary's landfill."

UPDATE:

Cielo has successfully converted the raw distillate that it has produced to date, from wood waste, using its proprietary process at its Aldersyde Alberta Refinery ("Aldersyde Refinery"), into renewable fuels consisting of naphtha, kerosene and diesel. The Company had announced the initiation of this process on November 1, 2018.

The next step of the commissioning process will require the desulphurization of the renewable fuels. After reviewing multiple desulphurization solutions that are currently in commercial use, the Company has narrowed its decision to two companies. Over the upcoming weeks, Cielo is hoping to implement this equipment so that it can begin sales revenue.

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to high grade renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

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.

SOURCE:Cielo Waste Solutions Corp.

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8020 Admin

18 days

8020 Admin posted a press release ielo Waste Solutions Announces Memorandum of Understanding to Build a Renewable Diesel Refinery in Calgary and Announces Production of Renewable Fuels in Cielo Waste Solutions Corp.

VANCOUVER, BC / ACCESSWIRE / November 22, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) Cielo is pleased to announce that it has entered into a binding Memorandum of Understanding ("MOU") with Seymour Capital Incorporated ("Seymour Capital") that provides the framework for a joint venture agreement ("JV Agreement") pursuant to which Seymour Capital will provide 100% of the funding to build, commission and operate a Joint Venture Refinery ("JV Refinery") in Calgary, Alberta. The JV Refinery is projected to cost approximately $20 million and the parties to the MOU hope to have negotiated and finalized the terms of the JV Agreement for the JV Refinery ("Project") by February 28th, 2019, but in any event no later than April 30, 2019. The parties intend to form a joint venture company, to be owned 50.1% by Cielo and 49.9% by Seymour Capital.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Seymour Capital has paid to Cielo a $250,000.00 upfront fee ("Fee") to secure the territory of Calgary, Alberta. Pursuant to the terms of the MOU, Seymour Capital has been granted an option that can be exercised, on or before February 28th, 2019 to enter into a follow-on contractual arrangement with Cielo, on similar terms to the MOU, to build, commission and operate another joint venture refinery to be located in an Ontario municipality, of Seymour Capital's choice, other than one that is within the Greater Toronto Area ("Option"). In the event that Seymour Capital exercises its Option, Seymour Capital will pay to Cielo an additional one-time fee of $250,000.

The general terms to be incorporated into the definitive agreement include the following:

  1. Seymour Capital will be solely responsible for financing 100% of the costs, associated with acquiring the land, building and commissioning of the JV Refinery ("Project Costs"), as well as for the initial refinery contemplated to be built in Ontario, if Seymour Capital exercises its Option.
  2. Seymour Capital has a right of first refusal to enter into further agreements with Cielo to participate with Cielo on a 50.1%/49.9% basis, in favour of Cielo, to build, commission and place on production follow-on refineries in Calgary ("Follow-on JV Refineries"). Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refinery and Follow-on JV Refineries and will receive a management fee for the construction of the JV Refinery, equal to 7% of the Project Costs subject to certain exclusions, and will receive management fees, based on industry standards, once operations begin.
  3. Profits will be split 30% in favour of Cielo and 70% in favour of Seymour Capital, until Seymour Capital has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo and 49.9% for Seymour Capital, reflecting the respective interests/ownership of the parties.
  4. In the event that Cielo does not execute the definitive agreement for Calgary, Alberta, subject to an exclusion, by February 28, 2019, which date may be extended by either party to April 30th, 2019 ("the Execution Date") Cielo has agreed, subject to applicable laws and policies, to issue Seymour Capital common shares of Cielo in lieu of returning the Fee, valued at the greater of $0.25 per share and the average closing price of Cielo's shares during the 5 trading days prior to the Execution Date.

 

Don Allan, President and CEO of Cielo, commented "We are very pleased to continue to advance our business model with a financially strong partner, Seymour Capital. We believe that this is another opportunity for Cielo to enter into a win/win arrangement, removing the financing and scale-up risk Cielo would otherwise face in building its next refineries."

Jeff Seymour, CEO of Seymour Capital, commented "We have followed Cielo's progress for over a year and now with the confirmation that their process is able to convert waste into high grade renewable fuels, we have elected to move forward with assisting Cielo financially to build a state-of-the-art green refinery in Calgary. Once our JV refinery is up and running Cielo will be able to showcase it to the rest of the country as well as to the world. We are looking forward to creating new jobs in Calgary while at the same time providing a solution that reduces the amount of waste that goes into Calgary's landfill."

UPDATE:

Cielo has successfully converted the raw distillate that it has produced to date, from wood waste, using its proprietary process at its Aldersyde Alberta Refinery ("Aldersyde Refinery"), into renewable fuels consisting of naphtha, kerosene and diesel. The Company had announced the initiation of this process on November 1, 2018.

The next step of the commissioning process will require the desulphurization of the renewable fuels. After reviewing multiple desulphurization solutions that are currently in commercial use, the Company has narrowed its decision to two companies. Over the upcoming weeks, Cielo is hoping to implement this equipment so that it can begin sales revenue.

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to high grade renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

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.

SOURCE:Cielo Waste Solutions Corp.

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Hey! Good luck down there Micheal,give them heck.keyboard_arrow_downShow Post

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Michael Yeung  posted an update in CIELO WASTE SOLUTIONS CORP.

Hi all,


We will be marketing the Cielo Waste Solutions story in Toronto from November 19th to November 22nd.


We will be located in downtown Toronto. CLICK HERE!


If you would like an update or meet to hear the story please let us know and we will arrange a time.

Best regards,

Michael

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Michael Yeung posted a News Item Cielo Waste Solution Marketing in Toronto Nov 19 - 22 in Cielo Waste Solutions Corp.

Hi all,


We will be marketing the Cielo Waste Solutions story in Toronto from November 19th to November 22nd.


We will be located in downtown Toronto. CLICK HERE!


If you would like an update or meet to hear the story please let us know and we will arrange a time.

Best regards,

Michael

!

I am uncertain as to why there isn’t a significant climb in volume based on this news. It’s an amazing first big step and the catalyst that will ignite The burners for Cielo. I’m a strong believer in what Cielo’s technology can mean for our entire planet. Can’t wait to see updates and see where we are by this time next year! Keep up the good works team Cielo! keyboard_arrow_downShow Post

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Thumb 8020 monitor 200 200  png

8020 Admin

1 month

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / November 1, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) is pleased to announce that it has successfully initiated the conversion of its raw distillate made from wood waste feedstock into renewable fuels including naphtha, kerosene and diesel in the second step of its Phase I commissioning process at Cielo’s first commercial refinery in Aldersyde, Alberta ("Aldersyde Refinery"). This is further proof of the viability of the Company’s proprietary process and technology that can convert multiple different waste products into high grade renewable diesel. Cielo is now in the final stage of commissioning its Aldersyde Refinery and anticipates sales will commence in the next 6 to10 weeks.

Joint Venture:

Cielo is also pleased to announce that it has entered into a Binding Memorandum of Understanding ("MOU") with Renewable U Energy Inc. ("Renewable U"), a privately-owned Alberta corporation. The MOU provides the framework for Cielo to enter into a joint venture agreement ("JV Agreement") with Renewable U to build, commission and operate one refinery initially ("JV Refinery"), with a right of first refusal to enter into further agreements for potential follow-on refineries (together with the JV Refinery, collectively "JV Refineries") in Grande Prairie, Alberta. Pursuant to the terms of the MOU, Renewable U has an option to enter into a second Memorandum of Understanding with Cielo for Medicine Hat, Alberta. Each JV Refinery will utilize the technology ("Technology") to which Cielo holds an exclusive global license that is being employed at the Aldersyde Refinery, to convert wood waste into high grade renewable diesel, naphtha and kerosene. Each JV Refinery will be engineered to produce approximately 8 million liters per year of high grade, renewable diesel for which Cielo’s research indicates there is an estimated mandated demand in Canada of approximately 650 million liters a year to be blended into highway grade diesel, most of which currently is imported. Each JV Refinery is projected to cost approximately $20 million.

Cielo and Renewable U have agreed to negotiate and finalize the terms of the JV Agreement for the initial JV Refinery ("Project") over the next ninety days. The parties intend to form an incorporated joint venture, to be owned 50.1% by Cielo and 49.9% by Renewable U, unless otherwise agreed.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Renewable U has paid to Cielo a $250,000.00 fee ("Fee") to secure the territory of Grande Prairie, Alberta and the surrounding area encompassing a 250 km radius. In the event that Renewable U exercises its option within 45 days to enter into a second Memorandum of Understanding for Medicine Hat, Alberta, Renewable U will pay Cielo an additional $250,000.00, to secure the territory of Medicine Hat, Alberta and the surrounding area within a 50 km radius. In the event Cielo does not execute the JV Agreement for Grande Prairie, subject to an exclusion, by January 29, 2019, Cielo has agreed, subject to applicable laws and policies, to issue Renewable U common shares of Cielo in lieu of returning the Fee, valued at the greater of: $0.25 and the average closing price of Cielo’s shares during the 5 trading days prior to January 29, 2019.

The general terms to be incorporated into the JV Agreement include the following:

a. Renewable U will be solely responsible for financing 100% of the costs associated with acquiring the land, building and commissioning the initial JV Refinery (“Project Costs”), as well as for the initial refinery contemplated to be built in Medicine Hat, Alberta, if Renewable U exercises its option.

b. Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refineries and will receive a management fee for the construction of the JV Refinery equal to 7% of the Project Costs subject to certain exclusions, and will continue to receive management fees once operations begin based on industry standards.

c. Profits will be split 30% in favor of Cielo and 70% in favour of Renewable U, until Renewable U has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo, 49.9% for Renewable U, reflecting the respective interests/ownership of the parties.

Don Allan, President and CEO of Cielo, commented, "We have now completed the next significant step of our Company’s history with the initiation of production of our renewable fuels (diesel, kerosene and naphtha) from the raw distillate that we produced last month from wood waste. We are nearing the sale of our first renewable fuels. In addition, we are thrilled that with the results achieved to date through the commercialization process, we have gathered substantial interest from multiple parties for potential joint ventures. As such we are excited to be working with Renewable U Energy to finalize the terms of our anticipated Joint Venture Agreement. We believe that the terms being negotiated for the anticipated joint venture will result in a truly win/win arrangement for both parties, as it removes the financing and scale-up risk associated with the next one or two of our refineries and allows us to earn profits as well as ongoing management fees during both the construction and operation of the anticipated joint venture refineries."

Lionel Robins, CEO of Renewable U, stated "We have been following Cielo’s progress for some time now and are very excited to be working with Don Allan and his team at Cielo to bring their innovative and industry-leading technology to potentially two key areas of Alberta. We believe that Grande Prairie is quickly becoming recognized as the unofficial "epicenter" of the Oil and Gas Industry in Canada and that Medicine Hat has already proven itself to be one of the most progressive and innovative municipalities in Western Canada. We believe that to bring clean, green environmental refineries of this magnitude to these areas is a clear example of philanthropic capitalism, where we can bring jobs and economic growth to our communities, while also working towards creating a cleaner and healthier world for our families to live in."

Related Party Loan:

A related party has delivered to the Company a loan in exchange for a demand promissory note ("Note") in the amount of $500,000 ("Loan") as a bridge loan while the Company seeks the balance of financing required to complete the commissioning of the Aldersyde Refinery, in particular, primarily for the purchase of additional equipment, as announced on October 4, 2018.

The Loan constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). Cielo relies 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 Loan is 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 relies 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 Loan not being more than Twenty-Five Percent (25%) of the market capitalization of Cielo nor $2,500,000. As contemplated by MI 61-101, Cielo did not file a material change report in respect of the related party transaction at least 21 days before the issuance of the Note as Cielo was not aware of the Loan at such time.

Conference Call:

Cielo will be hosting a Conference Call on Fri, November 2, 2018 from 1:00 PM to 2:30 PM MDT. Please feel free to join the call from your computer, tablet or smartphone by clicking on the following link. https://global.gotomeeting.com/join/287684301

Interested parties can call in by dialing within Canada +1 (647) 497-9373 or in the United States +1 (312) 757-3117 and then entering the Access Code: 287-684-301.

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world’s leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

About Renewable U Energy Inc.

Renewable U Energy Inc. is a private Alberta corporation. Renewable U was recently incorporated to bring local investors and strategic partners together to participate with Cielo Waste Solutions Corp., on a joint venture basis, to build and operate environmentally friendly high-grade renewable diesel refineries in specified territories.

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.

SOURCE: Cielo Waste Solutions Corp.

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Potchi V commented on Michael Yeung  update in CIELO WASTE SOLUTIONS CORP.

1 month

Great work Don and Michael!!! I agree with the company's move pursuing JV opportunities at this crucial time and avoid further dillution.. maybe you can throw in a $2Mil loan as part of the JV agreement that will help buy the required boiler to complete the current Cielo plant. This is a win win situation for those JV partners as they will see right away the completed and fully operational plant.
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Michael Yeung posted an update in CIELO WASTE SOLUTIONS CORP.

Hi All, We wanted to do a Make Up Conference call this Friday November 2nd at 1PM MST as we had more interest than anticipated for our AGM last week and some investors couldn’t log into the call. If you would like to participate please see below participation information. AGM Make Up Conference Call Fri, Nov 2, 2018 1:00 PM - 2:30 PM MDT Please join my meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/287684301 You can also dial in using your phone. Canada: +1 (647) 497-9373 Access Code: 287-684-301 More phone numbers United States: +1 (312) 757-3117 First GoToMeeting? Let's do a quick system check: https://link.gotomeeting.com/system-check

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Thumb 8020 monitor 200 200  png

8020 Admin

1 month

8020 Admin posted a press release Cielo Announces Initial Production of Renewable Fuels and Memorandum of Understanding with Renewable U Energy to Build a Renewable Diesel Refinery in Grande Prairie in Cielo Waste Solutions Corp.

VANCOUVER, BC / ACCESSWIRE / November 1, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE: CMC) is pleased to announce that it has successfully initiated the conversion of its raw distillate made from wood waste feedstock into renewable fuels including naphtha, kerosene and diesel in the second step of its Phase I commissioning process at Cielo’s first commercial refinery in Aldersyde, Alberta ("Aldersyde Refinery"). This is further proof of the viability of the Company’s proprietary process and technology that can convert multiple different waste products into high grade renewable diesel. Cielo is now in the final stage of commissioning its Aldersyde Refinery and anticipates sales will commence in the next 6 to10 weeks.

Joint Venture:

Cielo is also pleased to announce that it has entered into a Binding Memorandum of Understanding ("MOU") with Renewable U Energy Inc. ("Renewable U"), a privately-owned Alberta corporation. The MOU provides the framework for Cielo to enter into a joint venture agreement ("JV Agreement") with Renewable U to build, commission and operate one refinery initially ("JV Refinery"), with a right of first refusal to enter into further agreements for potential follow-on refineries (together with the JV Refinery, collectively "JV Refineries") in Grande Prairie, Alberta. Pursuant to the terms of the MOU, Renewable U has an option to enter into a second Memorandum of Understanding with Cielo for Medicine Hat, Alberta. Each JV Refinery will utilize the technology ("Technology") to which Cielo holds an exclusive global license that is being employed at the Aldersyde Refinery, to convert wood waste into high grade renewable diesel, naphtha and kerosene. Each JV Refinery will be engineered to produce approximately 8 million liters per year of high grade, renewable diesel for which Cielo’s research indicates there is an estimated mandated demand in Canada of approximately 650 million liters a year to be blended into highway grade diesel, most of which currently is imported. Each JV Refinery is projected to cost approximately $20 million.

Cielo and Renewable U have agreed to negotiate and finalize the terms of the JV Agreement for the initial JV Refinery ("Project") over the next ninety days. The parties intend to form an incorporated joint venture, to be owned 50.1% by Cielo and 49.9% by Renewable U, unless otherwise agreed.

In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Renewable U has paid to Cielo a $250,000.00 fee ("Fee") to secure the territory of Grande Prairie, Alberta and the surrounding area encompassing a 250 km radius. In the event that Renewable U exercises its option within 45 days to enter into a second Memorandum of Understanding for Medicine Hat, Alberta, Renewable U will pay Cielo an additional $250,000.00, to secure the territory of Medicine Hat, Alberta and the surrounding area within a 50 km radius. In the event Cielo does not execute the JV Agreement for Grande Prairie, subject to an exclusion, by January 29, 2019, Cielo has agreed, subject to applicable laws and policies, to issue Renewable U common shares of Cielo in lieu of returning the Fee, valued at the greater of: $0.25 and the average closing price of Cielo’s shares during the 5 trading days prior to January 29, 2019.

The general terms to be incorporated into the JV Agreement include the following:

a. Renewable U will be solely responsible for financing 100% of the costs associated with acquiring the land, building and commissioning the initial JV Refinery (“Project Costs”), as well as for the initial refinery contemplated to be built in Medicine Hat, Alberta, if Renewable U exercises its option.

b. Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refineries and will receive a management fee for the construction of the JV Refinery equal to 7% of the Project Costs subject to certain exclusions, and will continue to receive management fees once operations begin based on industry standards.

c. Profits will be split 30% in favor of Cielo and 70% in favour of Renewable U, until Renewable U has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo, 49.9% for Renewable U, reflecting the respective interests/ownership of the parties.

Don Allan, President and CEO of Cielo, commented, "We have now completed the next significant step of our Company’s history with the initiation of production of our renewable fuels (diesel, kerosene and naphtha) from the raw distillate that we produced last month from wood waste. We are nearing the sale of our first renewable fuels. In addition, we are thrilled that with the results achieved to date through the commercialization process, we have gathered substantial interest from multiple parties for potential joint ventures. As such we are excited to be working with Renewable U Energy to finalize the terms of our anticipated Joint Venture Agreement. We believe that the terms being negotiated for the anticipated joint venture will result in a truly win/win arrangement for both parties, as it removes the financing and scale-up risk associated with the next one or two of our refineries and allows us to earn profits as well as ongoing management fees during both the construction and operation of the anticipated joint venture refineries."

Lionel Robins, CEO of Renewable U, stated "We have been following Cielo’s progress for some time now and are very excited to be working with Don Allan and his team at Cielo to bring their innovative and industry-leading technology to potentially two key areas of Alberta. We believe that Grande Prairie is quickly becoming recognized as the unofficial "epicenter" of the Oil and Gas Industry in Canada and that Medicine Hat has already proven itself to be one of the most progressive and innovative municipalities in Western Canada. We believe that to bring clean, green environmental refineries of this magnitude to these areas is a clear example of philanthropic capitalism, where we can bring jobs and economic growth to our communities, while also working towards creating a cleaner and healthier world for our families to live in."

Related Party Loan:

A related party has delivered to the Company a loan in exchange for a demand promissory note ("Note") in the amount of $500,000 ("Loan") as a bridge loan while the Company seeks the balance of financing required to complete the commissioning of the Aldersyde Refinery, in particular, primarily for the purchase of additional equipment, as announced on October 4, 2018.

The Loan constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). Cielo relies 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 Loan is 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 relies 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 Loan not being more than Twenty-Five Percent (25%) of the market capitalization of Cielo nor $2,500,000. As contemplated by MI 61-101, Cielo did not file a material change report in respect of the related party transaction at least 21 days before the issuance of the Note as Cielo was not aware of the Loan at such time.

Conference Call:

Cielo will be hosting a Conference Call on Fri, November 2, 2018 from 1:00 PM to 2:30 PM MDT. Please feel free to join the call from your computer, tablet or smartphone by clicking on the following link. https://global.gotomeeting.com/join/287684301

Interested parties can call in by dialing within Canada +1 (647) 497-9373 or in the United States +1 (312) 757-3117 and then entering the Access Code: 287-684-301.

Join Cielo shareholders on 8020 Connect: http://bit.ly/Cielogroup

For more information please contact:

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

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@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 engineered to convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world’s leading contributors to Green House Gas emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different 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.

About Renewable U Energy Inc.

Renewable U Energy Inc. is a private Alberta corporation. Renewable U was recently incorporated to bring local investors and strategic partners together to participate with Cielo Waste Solutions Corp., on a joint venture basis, to build and operate environmentally friendly high-grade renewable diesel refineries in specified territories.

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.

SOURCE: Cielo Waste Solutions Corp.

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Am Ran commented on Michael Yeung  update in CIELO WASTE SOLUTIONS CORP.

1 month

Michael, thank you for setting up another call. My only concern is that 50 shareholders have had information from the AGM for 4 trading days that the rest of us have not received. When can we expect an press release/summary of the information that was shared last week?
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Michael Yeung posted an update in CIELO WASTE SOLUTIONS CORP.

Hi All, We wanted to do a Make Up Conference call this Friday November 2nd at 1PM MST as we had more interest than anticipated for our AGM last week and some investors couldn’t log into the call. If you would like to participate please see below participation information. AGM Make Up Conference Call Fri, Nov 2, 2018 1:00 PM - 2:30 PM MDT Please join my meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/287684301 You can also dial in using your phone. Canada: +1 (647) 497-9373 Access Code: 287-684-301 More phone numbers United States: +1 (312) 757-3117 First GoToMeeting? Let's do a quick system check: https://link.gotomeeting.com/system-check

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