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Jim Adrian

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    Welcome to 8020 community of members Canada. In this group you will receive communication about......

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Jim Adrian

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@JIM ADRIAN

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    8020 COMMUNITY CANADA

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    Welcome to 8020 community of members Canada. In this group you will receive communication about......

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    Cielo Waste Solutions Corp.

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

2 months ago

Jim Adrian posted a press release Cielo Confirms MOU for Lethbridge Refinery in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / August 30, 2019 / Cielo Waste Solutions Corp. (CSE:CMC)(OTC:CEIWF) ("Cielo" or the "Company") is pleased to announce that it has received the balance of the $250,000 joint venture fee (“JV Fee”) from Renewable U Lethbridge Inc. (“Renewable U LA”) pursuant to a Memorandum of Understanding between Cielo and Renewable U LA (the “MOU”) as announced on July 30, 2019.


Renewable U LA advanced $100,000 to Cielo upon the signing of the MOU and has now delivered the balance of the fee to secure the territory of Lethbridge, AB and the area encompassing a 100-km radius around Lethbridge. Cielo and Renewable U LA will proceed with the negotiation of a joint venture agreement with terms that are substantially the same as those previously announced for the four joint-venture refineries in Alberta.


The MOU for Lethbridge marks Cielo’s fifth renewable diesel JV refinery that are intended to each be engineered to convert approximately three tonnes of garbage per hour, including plastics, into high-grade renewable fuels, using Cielo’s proprietary technology. Renewable U Energy Inc. and its affiliated companies, including Renewable U LA, will be financing Cielo JV refineries to be built in Lethbridge, Grande Prairie, Medicine Hat and Brooks. The original refinery is now being commissioned in Aldersyde, just outside of Calgary.


Lionel Robins, CEO of Renewable U LA, commented “We are pleased with the favorable response we are receiving from key stakeholders in Alberta. This further demonstrates to us that we are not the only ones that believe in the unique and proprietary technology that Cielo is commercializing. Not only do we feel positive about having advanced $1 Million in JV Fees to Cielo and the way things are progressing at Cielo’s Aldersyde refinery, but we are also proud and honored to be contributing to Cielo achieving their goal to have Canada be recognized as a world-leader in solving the planet's garbage crisis through green renewable fuel technologies."


An operational update will soon follow.


Executive Change:


Cielo would also like to announce that Michael Yeung, VP of Capital Markets and Business Development, will be leaving Cielo to pursue other opportunities. “We were very fortunate to have had Michael on the team,” said Don Allan, President and CEO of Cielo. “We wish him good fortune in his new ventures and thank him for his time with us.”


Join Cielo shareholders on 8020 Connect: http://connects.digital/cielo1


On behalf of the Board of Directors of the Company.


Cielo Waste Management


“Don Allan”
Don Allan, President and CEO and Director


For more information: media contact Paula Arab, 403-889-9128 arabpaula@gmail.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 is a high-tech start-up company with a game changing technology engineered to help solve the world’s garbage crises. Cielo’s technology transforms landfill garbage into renewable diesel, kerosene and naphtha fuels. Our proven and patent-pending technology is currently being utilized in the Company’s Aldersyde, Alberta refinery where wood waste is being converted into renewable fuels.

Cielo’s shares are listed to trade on the Canadian Securities Exchange (CSE) under the trading symbol “CMC”. Cielo is headquartered in Alberta, Canada with plans to build and operate green refineries across North America and globally.

Cielo has already begun expanding its footprint by signing multiple Memorandums of Understanding pursuant to which third parties are in negotiation with Cielo to build, at no cost to Cielo, Joint Venture Refineries in Grande Prairie, Calgary, Medicine Hat, Brooks and Lethbridge, Alberta. Each refinery is projected to cost approximately $25M +/- to build, commission and place on production. Cielo will be the general contractor and operator of all of the proposed JV Refineries. The feedstock that will be used in the Company’s green refineries is the world’s most available and inexpensive feedstock - garbage; including household, commercial/construction/demolition garbage, used tires, railway ties, as well as all types of plastic that currently cannot be recycled.


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. Cielo is making forward looking statements related to the completion of the construction of the Refinery and matters related to its intended joint ventures. 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.


View source version on accesswire.com:
https://www.accesswire.com/557990/Cielo-Confirms-MOU-for-Lethbridge-Refinery

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

4 months ago

Jim Adrian posted a press release Cielo Confirms Closing of Private Placement Offering of Convertible Debenture Units in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / July 16, 2019 / CSE: CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Company") confirms the closing of $1,530,000 in gross proceeds in the final tranche (“Final Tranche”) of its previously announced private placement of convertible debenture units (“Offering”). A total of $5,121,250 in gross proceeds was raised pursuant to the Offering.


OFFERING DETAILS


On May 7, 2019, Cielo announced a private placement of convertible debentures units (the “Unit(s)”) with each Unit consisting of one (1) $10,000 unsecured convertible debenture (the “Debenture(s)”) and 5,000 share purchase warrants (the “Warrant(s)”), (the “Offering”).


The Debentures bear interest at a simple rate of 15% per annum with the initial two (2) years of interest being prepaid (the “Prepaid Interest”) on the date of issuance of the Debentures (the “Issue Date”) by the issuance of common shares (the “Prepaid Interest Shares”) at a price of $0.10 per Prepaid Interest Share. The principal of the Debentures (the “Principal”) together with all accrued interest exceeding the Prepaid Interest (the “Interest Balance”) will be repaid 48 months from the Issue Date unless repaid earlier by Cielo without penalty or converted by the holder(s) thereof any time after four months and a day following the Issue Date at a price of $0.06 for the Principal and $0.10 for the Interest Balance. Each Warrant can be exercised for 48 months from the Issue Date (the “Warrant Term”) at an exercise price of $0.25 per share, subject to acceleration in the event that the common shares of Cielo trade at $0.50 or higher on a recognized stock exchange for at least five (5) consecutive trading days, in which case Cielo may provide a notice to holders that the Warrant Term will terminate 30 days from the date of notice.


Throughout the Offering, Cielo has issued 512.125 Units, consisting of $5,121,250 in Convertible Debentures, 2,560,625 Warrants, and 15,363,750 Prepaid Interest Shares, for aggregate gross proceeds of $5,121,250. Net proceeds of the Offering have been and will be used to complete the commissioning of the Company’s refinery in Aldersyde, Alberta (the “Aldersyde Refinery”), as well as for general working capital and marketing expenses.


As disclosed on July 9, 2019 with respect to the final closing of the Offering, the gross proceeds of the Final Tranche consist of $1,080,000 together with the conversion of $450,000 in amounts owing by Cielo by way of shares for debt, including to certain insiders of the Company, including Don Allan, President and CEO. As such, the Offering 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. Further, pursuant to the terms of National Instrument 62-103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issues, Mr. Allan had previously filed an Early Warning Report regarding his beneficial ownership of greater than 10% of the issued and outstanding securities of the Company. Although Mr. Allan has acquired securities under the Offering, his beneficial ownership of securities of the Company has decreased to below 10% on both an undiluted and partially diluted basis.


The Company has paid customary commissions in connection with the completion of the Offering of 8 per cent of the gross proceeds raised by broker(s)/finder(s) and up to 8 per cent of the total number of common shares issued to subscribers introduced by broker(s)/finder(s) if 100% of the Principal under the Debentures is converted into common shares of the Company. With respect to the closing of the Final Tranche, Cielo paid commissions equal to $86,400 and issued 1,093,333 warrants. The finder warrants from all tranches (the “Finder Warrant(s)”) may be exercised for a term of 48 months from the Issue Date (the “Finder Warrant Term”) at an exercise price of $0.10 per share, subject to acceleration in the event that the common shares of Cielo listed on a recognized stock exchange trade at $0.50 or higher for at least five (5) consecutive trading days, in which case Cielo may provide a notice to holders that the Finder Warrant Term will terminate 30 days from the date of notice. In aggregate throughout the Offering, $205,940 was paid in finders fees and 2,939,000 Finder Warrants were issued.


SHARES FOR DEBT


In addition to the Offering, Cielo agreed to settle amounts owing to certain of its contractors for an aggregate of $166,040 by the issuance of 1,660,400 common shares at a deemed price per share of $0.10. The shares are subject to a statutory hold period of 4 months from the date of issue.


OPERATIONS UPDATE


Cielo is also pleased to announce the successful Grand Opening of the Aldersyde Refinery on July 11, 2019, with close to 400 people attending. Dozens of tours were conducted showcasing the Aldersyde Refinery running on a continuous-flow basis, producing renewable diesel and naphtha. 100% of the garbage left at the site was collected, including plastic utensils, paper plates, plastic beer cups and food waste, all of which will be used as part of the supply of feedstock to produce more renewable diesel. During the Grand Opening, Cielo was able to demonstrate the ability of the Aldersyde Refinery to process waste on a continuous flow basis following the successful modification to an electric heat system. Cielo will spend the next few weeks refining and honing the process and technology in preparation for consistent production anticipated to begin shortly thereafter.


Don Allan, President & CEO of Cielo, stated, “We are extremely pleased with the turn-out at our Grand Opening and the amount of attention we have started to attract to both Cielo and to the world’s growing garbage crisis. The media coverage by television stations, newspaper and radio stations is a clear indication of the rapidly growing interest in better solutions to waste and ways to reduce greenhouse gas emissions. Now that we have proven that we are able to operate our Aldersyde Refinery on a continuous-flow basis, inquiries are pouring in from around the world from those wanting to learn more about our technology and how we can contribute to solving the world garbage crisis. These are very exciting times for Cielo and our shareholders.”


Join Cielo shareholders on 8020 Connect: http://connects.digital/cielo1


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. Cielo is making forward looking statements related to the completion of the construction of the Refinery use of proceeds, and the timing for beginning consistent production. 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.


View source version on accesswire.com:
https://www.accesswire.com/552178/Cielo-Confirms-Closing-of-Private-Placement-Offering-of-Convertible-Debenture-Units

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Jim Adrian posted an update in CIELO WASTE SOLUTIONS CORP.

4 months ago

Just about 4.5 million in volume today. It is nice to see some bigger numbers being traded.

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

4 months ago

Jim Adrian posted a press release Cielo Raises $766,000 on the Fourth Tranche of Its Private Placement and Provides Operations Update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / July 9, 2019 / CSE: CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Company") announces the closing of $776,000 in gross proceeds in the fourth tranche (“Fourth Tranche”) of its previously announced private placement of convertible debenture units (“Offering”). Except as described below, Cielo will no longer be accepting subscriptions for the Offering, however will be doing one final closing of the Offering in the coming days once the funds are received from certain subscribers who have already submitted their subscription agreements. It is anticipated that the gross proceeds for the Offering from all tranches will be approximately $5,100,000.


OFFERING DETAILS


On May 7, 2019, Cielo announced a private placement offering of a targeted minimum of CAD $1,000,000 in convertible debentures units (the “Unit(s)”) with each Unit consisting of one (1) $10,000 unsecured convertible debenture (the “Debenture(s)”) and 5,000 share purchase warrants (the “Warrant(s)”).


The Debentures bear interest at a simple rate of 15% per annum with the initial two (2) years of interest to be prepaid (the “Prepaid Interest”) on the date of issuance of the Debentures (the “Issue Date”) by the issuance of common shares (the “Prepaid Interest Shares”) at a price of $0.10 per Prepaid Interest Share. The principal of the Debentures (the “Principal”) together with all accrued interest exceeding the Prepaid Interest (the “Interest Balance”) will be repaid 48 months from the Issue Date unless repaid earlier by Cielo without penalty or converted by the holder(s) thereof any time after four months and a day following the Issue Date at a price of $0.06 for the Principal and $0.10 for the Interest Balance.


Each Warrant will be exercisable for a term of 48 months from the Issue Date (the “Warrant Term”) at an exercise price of $0.25 per share, subject to acceleration in the event that the common shares of Cielo listed on a recognized stock exchange trade at $0.50 or higher for at least five (5) consecutive trading days, in which event Cielo may provide a notice to holders that the Warrant Term will terminate 30 days from the date of notice.


A total of $3,591,250 in gross proceeds has now been raised over the initial four tranches of the Offering. In the Fourth Tranche, 77.6 Units were issued, consisting of 388,000 Warrants, and 2,328,000 Prepaid Interest Shares. Net proceeds of the Offering will be used to complete the commissioning of the Company’s refinery in Aldersyde, Alberta (the “Aldersyde Refinery”), as well as for general working capital and marketing expenses.


Cielo will be completing one final closing in the coming days to accommodate certain subscribers who have submitted subscription agreements for an aggregate of $1,080,000 but who require a short period of additional time to deliver funds. As Cielo has exceeded its minimum raise amount and is satisfied with the gross proceeds raised, Cielo will not be accepting any further subscriptions and will close the fifth and final tranche upon receiving the transfer of the remaining subscribed funds in the coming days.


In addition to the subscriptions already received by Cielo, the Company has agreed to convert approximately $450,000 of amounts owing to certain insiders of the Company, including Don Allan, President and CEO, into Units under the terms of the Offering, which will be completed and confirmed in the final tranche closing. As such, the Offering will be 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.


Although the Offering is non-brokered, the Company has paid and may pay reasonable customary brokers' and/or finders' commissions in connection with the completion of the Offering of up to 8 per cent of the gross proceeds raised by such broker(s)/finder(s) and up to 8 per cent of the total number of common shares that would be issued to subscribers introduced by such broker(s)/finder(s) if 100% of the Principal under the Debentures is converted into shares of the Company. With respect to the closing of the Fourth Tranche, Cielo paid commissions equal to $41,280 and issued 661,333 warrants (the “Finder Warrant(s)”). Each Finder Warrant will be exercisable for a term of 48 months from the Issue Date (the “Finder Warrant Term”) at an exercise price of $0.25 per share, subject to acceleration in the event that the common shares of Cielo listed on a recognized stock exchange trade at $0.50 or higher for at least five (5) consecutive trading days, in which event Cielo may provide a notice to holders that the Finder Warrant Term will terminate 30 days from the date of notice.


OPERATIONS AND GENERAL UPDATE


Cielo is in the final stages of commissioning the first phase of its Aldersyde Refinery, which is on track to be up and running, as previously announced, on a continuous flow basis on July 11, 2019 for the Grand Opening of its first waste to high grade renewable diesel refinery. Cielo is also pleased to announce its intention to list its common shares for trading on the on the OTCQB Venture Marketplace, a US trading platform that is operated by the OTC Markets Group in New York. Also, Cielo has engaged a US-based consulting firm, RB Milestone Group LLC, with the intention to implement initiatives that are designed to help communicate Cielo’s corporate story to applicable investment and media communities throughout the United States. Cielo will pay a one-time fee for services to be provided over a 12 month period.


Don Allan, President & CEO of Cielo, stated “We are extremely pleased with the support we have received from investors in our offering. The interest that we have garnered for our Grand Opening has far surpassed our expectations with hundreds of RSVPs now in hand from federal, provincial and municipal government officials, media, stakeholders, strategic partners and interested parties. Our Grand Opening will take place on Thursday, July 11th between noon and 3 p.m. MT, and will include tours of our green refinery, live entertainment and a Stampede-themed barbeque. Cielo has engaged third-party firms to help with communications, media and government relations and event management. We are looking forward to introducing and showcasing our transformational technology to the world.”


Join Cielo shareholders on 8020 Connect: http://connects.digital/cielo1


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


United States Contact
Trevor Brucato, Managing Director
RB Milestone Group LLC
Stamford, CT & New York, NY
tbrucato@rbmilestone.com
www.rbmilestone.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. Cielo is making forward looking statements related to the completion of the construction of the Refinery, the aggregate proceeds of the Offering and the application of the net proceeds of the Offering to such construction, and listing its shares on the OTCQB Marketplace. 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.
View source version on accesswire.com:
https://www.accesswire.com/551333/Cielo-Raises-766000-on-the-Fourth-Tranche-of-Its-Private-Placement-and-Provides-Operations-Update

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Jim Adrian commented on Jory Nash  update in CIELO WASTE SOLUTIONS CORP.

6 months ago

Good CC, Michael & Don. Thanks!

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Jim Adrian

10 months ago

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