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Michael Yeung

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VP Business Development and Capital Markets @ Cielo Waste Solutions Corp.

A seasoned professional with experience in deal flow origination, transaction evaluation, due diligence and negotiations.Work experience includes private equity, institutional sales, mergers & acquisitions, investment banking, equity research and debt/equity markets.

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@MICHAEL YEUNG

active 5 days ago

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VP Business Development and Capital Markets @ Cielo Waste Solutions Corp.

A seasoned professional with experience in deal flow origination, transaction evaluation, due diligence and negotiations.Work experience includes private equity, institutional sales, mergers & acquisitions, investment banking, equity research and debt/equity markets.

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Michael Yeung

active 5 days ago

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VP Business Development and Capital Markets @ Cielo Waste Solutions Corp.

A seasoned professional with experience in deal flow origination, transaction evaluation, due diligence and negotiations.Work experience includes private equity, institutional sales, mergers & acquisitions, investment banking, equity research and debt/equity markets.

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@MICHAEL YEUNG

active 5 days ago

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VP Business Development and Capital Markets @ Cielo Waste Solutions Corp.

A seasoned professional with experience in deal flow origination, transaction evaluation, due diligence and negotiations.Work experience includes private equity, institutional sales, mergers & acquisitions, investment banking, equity research and debt/equity markets.

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Recent Group Activity

Hi barbarisch1000, no we haven't came across the paper. I will forward it to our technical staff! thanks for the heads up. Cheers
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barbarisch1000 posted an update in CIELO WASTE SOLUTIONS CORP.

Hi! Not sure if this has been mentioned before but I was just reading an article on desulfurization of bio fuels and came across a newer technology using potassium salts. Part of the article is below....Are you familiar with this? As described in the Nature Energy paper, Toutov and his colleagues in the Grubbs lab have used the potassium salt method to remove sulfur from carbon compounds found in diesel fuel. They partnered with BP to test their method on the company's refined diesel samples, reducing the sulfur levels down from 8 parts per million (comparable to the highest quality of diesel you can get from a typical gas pump today) to an extremely low 2 parts per million. They also repeated the experiment with diesel spiked with high levels of sulfur and achieved similar results. The new method could be used as an additional step in the oil refinement process to get rid of the last traces of sulfur in fuels. The next step for Toutov, who is co-founding a new company, Fuzionaire, is to commercialize this technology. "We have a number of ideas in mind on how to do that," he says, including recycling waste products from other industries for use in the process.

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Michael Yeung commented on L Bob  update in CIELO WASTE SOLUTIONS CORP.

6 days

Hi L Bob, as we continue to produce product and modify the heating phase our technical team continues to find better ways to improve the process and output - consequently the output samples changes sometimes . The communication delays were in response for the 1st two samples that were sent. The third sample is expected to sent out next week at the latest. Generally our lab in town gets a sample first to analyze the contents then we send the samples to the desulpherization company in the US after. I hope that helps to clarify some stuff.
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L Bob

7 days

L Bob posted an update in CIELO WASTE SOLUTIONS CORP.

I wonder when the 3rd sample will be sent to the desupherization company will be sent? I was surprised to read in the Apr 1st release that it was not sent yet. How can it be the desulpherization companies fault for delay if they do not have the third sample yet?

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Hi Maria, we all know it's disheartening to see the share price depreciate. for the team and myself. I personally have not sold a share - you can see from SEDI filings. We are here for the long hold as the technology could potentially be a huge. This is a new technology so there is risks involved - as we are still pre-revenue. But the there have been significant capital and progress made. We are all believers in the potential of the company! Construction of the new heating system is continuing - we anticipate to provide an operations update on this. We are currently working on a new schedule and timeline for our shareholders which would be released mid/late next week (given the holiday etc.) along with the operations update. It is not our intention to be vague with our communications sometimes it is all the information we have to at the point in time. This is why we are on 8020 to address questions and concerns as timely as we can. I hope that helps. We appreciate all our shareholders' support of our story.
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Hi Michael. The share price of Cielo seems to be in free fall with no bottom. It’s a reflection of the lack of confidence in Cielo to deliver especially considering the company still needs additional funding that has no been raised. Can you please update us with how far along the installation of the heater and vaporizer has come? And give us a tentative timeline to completion. I think the vagueness and lack of information coming from the company regarding completion and funding has really hurt the sure price.

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Thanks for the help
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Hi Michael, I am curious to know how long Cielo will be able to survive (without bankruptcy or folding completely) on the current cash flow. Will the company be able to complete its process with the currently held funds? And what happens from a cash flow stand if there are additional delays i.e it takes another quarter before sales begin?

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Hi Bob, the fees have been used for construction.
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Hi Michael, I am curious to know how long Cielo will be able to survive (without bankruptcy or folding completely) on the current cash flow. Will the company be able to complete its process with the currently held funds? And what happens from a cash flow stand if there are additional delays i.e it takes another quarter before sales begin?

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Hi Maria thanks for the questions. Like any pre revenue company capital is always scarce. But likely for Cielo we do not have any bank debt. Most of the debt is from supportive trades that have been working with Cielo for a number of years. Of note, Cielo has been - thru various iterations - operating without cash flow for over 10 years. We are currently evaluating different financing options. I hope that helps.
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Maria Clarke posted an update in CIELO WASTE SOLUTIONS CORP.

Hi Michael, I am curious to know how long Cielo will be able to survive (without bankruptcy or folding completely) on the current cash flow. Will the company be able to complete its process with the currently held funds? And what happens from a cash flow stand if there are additional delays i.e it takes another quarter before sales begin?

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Hi Bills25 we currently are not anticipating a solar installation. It might be part of future versions. keyboard_arrow_downShow Post

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8020 Admin

22 days

8020 Admin  posted an update in CIELO WASTE SOLUTIONS CORP.

VANCOUVER, BC / ACCESSWIRE / April 1, 2019 / CSE: CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Company") announces that Renewable U Energy Inc. ("Renewable U") has exercised its option to enter into a joint venture with Cielo in the City of Brooks, Alberta, for the purposes of building one or more refineries. As such, Cielo and Renewable U have executed a binding Memorandum of Understanding ("MOU").


Further, in response to recent inquiries regarding progress on the Company's desulfurization process, Cielo would like to provide an operations update.


OPERATIONS UPDATE:


As previously disclosed, Cielo has selected a third-party supplier to guide the Company with respect to the best and most economical way to remove the sulfur from Cielo's process ("Supplier"). The Supplier is based in the United States and, while it is well known and reputable, unfortunately the process has been slower than Cielo had anticipated. Cielo has made efforts to speed up the process and has been in consistent, weekly communication with the Supplier, however, as it is an unrelated third party, Cielo must rely on the timing of the Supplier.


The Supplier has performed analysis on two samples of Cielo's renewable diesel and will perform a third. The first was completed in the fall, as previously announced. As the first sample consisted of very high percentages of used motor oil ("UMO"), which is being used to mix with the waste feedstock to make a slurry that is further broken down into the renewable diesel, the analysis indicated very high sulfur numbers. The second tested sample had a much lower UMO content, resulting in lower sulfur numbers that were much more in line with what Cielo had experienced in its demonstration plant. The third sample to be sent will consist of 99% sawdust, which is anticipated to indicate very low sulfur numbers, much better than Cielo was able to achieve in the demonstration plant, and is expected to result in a very high-grade renewable diesel with higher renewable content and Cetane numbers and a significantly lighter colour. Therefore, Cielo expects it is becoming easier and less expensive to remove the sulfur.


To aid in expediting the analysis of the results from the selected desulfurization Supplier, Cielo has also contacted a very experienced North American engineering firm ("Engineering Firm") to provide additional advice on sulfur removal to finalize the process. It is one of management's top priorities to complete the sulfur removal process as quickly as possible.


As well, in the meantime, Cielo is fabricating the desulfurization and polishing towers, such that when the Supplier and the Engineering Firm determine the amount of desulfurization medium required, and the process is finalized, Cielo will be ready to implement and begin removing the sulfur expediently.


MEMORANDUM OF UNDERSTANDING


Renewable U has exercised its option to enter into a Memorandum of Understanding with Cielo for the territory of Brooks, Alberta, and has incorporated a new company, Renewable U Brooks Inc. ("Renewable U Brooks") to this end. Cielo has received a $250,000.00 fee ("Fee") in consideration for the opportunity to enter into the joint venture with Cielo and to secure the territory of Brooks.


The general terms of the MOU, which are to be incorporated into the a definitive agreement between Renewable U and Cielo forming the joint venture, are substantially the same as the previously announced terms for the joint venture refineries to be located in Medicine Hat, Grande Prairie and Calgary, AB, as follows:


i. Renewable U Brooks will be solely responsible for financing 100% of the costs associated with acquiring the land, building and commissioning of the initial joint venture refinery in Brooks AB ("JV Refinery").


ii. Cielo will overall manage the project, overseeing the planning, construction, commissioning and operation of the joint venture refinery ("JV Refinery") and will receive a management fee for the construction of the JV Refinery equal to 7% of the cost of the projects, subject to certain exclusions, and will continue to receive management fees once operations begin based on industry standards.


iii. In the event that Cielo does not execute the definitive agreement for Brooks, Alberta, subject to an exclusion, by June 30, 2019, Cielo has agreed, subject to applicable laws and policies, to issue Renewable U Brooks 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 June 30, 2019.


iv. Profits will be split 30% in favour of Cielo and 70% in favour of Renewable U Brooks, until Renewable U Brooks has received profits equaling 100% of the costs of the project, plus the applicable management fees. Thereafter profits will be split on the basis of 50.1% in favour of Cielo and 49.9% in favour of Renewable U Brooks, reflecting the respective interests/ownership of the parties.


Barry Morishita, Mayor of The City of Brooks, states "We are excited at the prospect of working with Cielo Waste Solutions Corp. for the development of a renewable diesel facility in our community. A project such as this will bring unique opportunities to our region through a diversification of our economy, employment opportunities and various enhancements into the future. As an added bonus, the production of renewable diesel fuel has numerous environmental benefits while adding unchartered potential to our local and provincial energy industries."


Lionel Robins, CEO of Renewable U, stated "We are very excited to continue to have the opportunity to work with such an amazing green corporation. We have been working with Cielo to secure waste feedstock for Brooks and believe that we are going to change the way the world looks at waste streams. This is such a game changing technology that Renewable U will continue to work closely with Cielo on future municipalities and make a serious dent in Canada's Green House Gas reductions."


Don Allan, President & CEO of Cielo, stated "The continued support shown by Renewable U is very impressive. This growing business relationship will make the build-out of the next refineries that much easier. With the support of the City of Brooks, we believe the timing of construction can be shortened once permits have been obtained. Cielo continues to gain industry confidence and continues to move our strategic plan forward."


JOINT VENTURE EXTENSIONS


Cielo and Renewable U Inc. and Cielo and Seymour Capital Inc., respectively, have agreed to extend the deadlines set out in their respective, previously announced Memorandums of Understanding, to June 28th, 2019. The parties will continue to work together to complete the due diligence and other processes in preparing to execute on the respective joint ventures.


FINANCING UPDATE


Cielo would also like to announce that one of its contractors has agreed to convert $14,818.44 into 113,988 shares at a deemed price of $0.13 per share, which shares will be subject to a four-month hold.


Cielo is also announcing the closing of its private placement offering of units ("Unit(s)"), at $0.13 per Unit, each Unit consisting of one common share and one share purchase warrant, exercisable at $0.20 for a period of 2 years, subject to accelerated exercise provisions. A total of $1,644,371 in gross proceeds was raised in three tranches by the issuance of 12,649,007 Units.


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 its commissioning process and in particular the desulfurization process, entry and negotiation of terms of the joint venture with Renewable U and the ability of the parties to those agreements to fulfil their obligations, and regarding its financing activities. 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 W

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Michael Yeung commented on L Bob  update in CIELO WASTE SOLUTIONS CORP.

25 days

Hi Am Ran, our inventory numbers are still around 50k litres. The productions numbers are still slow, because of the heating issues that we are addressing. Our main focus is to address the heating issue and not focus on production numbers at the moment.
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L Bob

27 days

L Bob posted an update in CIELO WASTE SOLUTIONS CORP.

Hello, it's been two months since the disclosure of th 50k litres produced in the two step process. All announcements indicated the 2 step process was continuing to operate. How can we still be at 50k litres inventory?

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Michael Yeung commented on L Bob  update in CIELO WASTE SOLUTIONS CORP.

25 days

Hi L Bob, agreed it's takes time and energy to sell the semi processed products. But given that we are going through a third party to desulfurize and we need to move our technology forward, Cielo believes its prudent to look for ways to continue to prove out the technology. That's why are are looking to sell a portion of the products.
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L Bob

26 days

L Bob posted an update in CIELO WASTE SOLUTIONS CORP.

Question, If 50k litres of semi processed product is only worth $16730. Why bother with all the time and energy if we are so close to being able to desulferize it? Maybe its going to require a different mix of medium than what will be produced going forward? Hopefully the portable demo unit that comes up can deal with older and newer semi processed product. Anyone know what the current going rate is for renewable low sulfer diesel? Thanks

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Thanks Darren. This is a good reference point but the prices of renewable diesel isn't posted in the chart for Alternative Fuel Prices. The prices of BioDiesel is posted but Cielo's target is to produce a superior produce with less water content (thus better cloud point) etc. and would demand a higher saleable price.
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Darren Stewart posted an update in CIELO WASTE SOLUTIONS CORP.

L bob . I found this graph of prices. It gives us an idea. If I can find something more specific I will post it. I am sure Michael will know where to find the actual numbers.

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