From GlobeNewswire: 2024-04-05 07:00:00

Cielo Waste Solutions Corp. has successfully closed the second tranche of its Private Placement, raising gross proceeds of C $1,480,000. The company plans to continue offering convertible debenture units to raise up to C $5,000,000. Each unit consists of convertible debentures and detachable share purchase warrants. The funds will be used for renewable fuel projects, including the wood byproduct to Bio-SynDiesel® Project in Carseland, Alberta. The company’s goal is to produce renewable fuels from wood by-products using environmentally friendly technology. This news release contains forward-looking statements regarding the Private Placement and the company’s projects.



Read more at GlobeNewswire: Cielo Announces Closing of Second Tranche of Private