|Bid||0.0350 x 0|
|Ask||0.0400 x 0|
|Day's Range||0.0400 - 0.0400|
|52 Week Range||0.0050 - 0.1800|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The truth is that if you invest for long enough, you're going to end up with some losing stocks. But long term Cielo...
VANCOUVER, BC / ACCESSWIRE / March 30, 2020 / Cielo Waste Solutions Corp. (CMC.CN)(CWSFF) Cielo Waste Solutions Corp. ("CIELO" or the "Company") announces a new private placement offering of unsecured convertible debenture units (the "Offering") and the closing on March 27, 2020 of the initial tranche of the Offering, raising gross proceeds of $396,000 ("Initial Closing"). In addition, in part as a result of work disruptions caused by COVID-19, CIELO and Renewable U Grande Prairie Inc., Renewable U Medicine Hat Inc., Renewable U Lethbridge Inc., Renewable U Halifax Inc. and Seymour Capital Incorporated, respectively (collectively "the JV Companies") have agreed to extend the deadline by which they had agreed to enter into previously announced contemplated joint venture agreements from March 31, 2020 to June 30, 2020.
Renewable U Medicine Hat has also advised CIELO that it has the funding in place to close the contemplated Purchase and Sale Agreement, which will be subject to a number of closing conditions that are anticipated to be satisfied on or before July 1, 2020. Renewable U Medicine Hat is the company with which CIELO has entered into a Memorandum of Understanding (the "MOU")(see February 26, 2019 Press Release) to fund all aspects of building and placing on production a joint venture facility in, or within, 50 kilometers of Medicine Hat ("JV Facility").
This call for Expressions of Interest ("EOI") creates an opportunity for companies and organizations that generate industrial, commercial and municipal waste in Nova Scotia to explore a long term agreement to supply the waste feedstock for our planned facility that is being engineered to convert 8 tonnes of dried waste per hour into approximately 32.7 million liters a year of high grade renewable fuel.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits shares of Cielo to be distributed, settled and serviced through DTC's automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities.
The Debentures bear interest at a simple rate of 15% per annum, 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 $0.12 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 $0.08 for the Principal and $0.12 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.
Renewable U Halifax is one of multiple corporations under the "Renewable U" name ("Renewable U Companies"), with which Cielo has entered into memorandums of understanding on substantially the same terms as this MOU (the "Prior MOUs"), as previously announced. Renewable U Halifax and Cielo will be working towards entering into a joint venture agreement ("JV Agreement") contemporaneously with the joint venture agreements to be entered into with the other Renewable U Companies, which will provide the framework to build and operate a 4,000 liter per hour joint venture refinery ("JV Refinery") in Nova Scotia that will be engineered to operate 24 hours a day, 341 days per year.
VANCOUVER, BC / ACCESSWIRE / January 7, 2020 / Cielo Waste Solutions Corp. (CSE: CMC - OTCQB: CWSFF) ("Cielo" or the "Company") and Renewable U Grande Prairie Inc., Renewable U Medicine Hat Inc., Renewable U Brooks Inc., Renewable U Lethbridge Inc. and Seymour Capital Incorporated, (collectively "the JV Companies") have agreed to extend the deadline by which they will enter into the previously announced joint venture agreements to March 31, 2020. Over the past six months, Cielo has been implementing enhancements to the Company's waste-to-energy refinery in Aldersyde, Alberta ("Aldersyde Refinery"), which has resulted in plans to scale up production of the Follow-On JV Refineries to produce 4,000 liters of renewable fuels per hour and operate 24 hours a day, 341 days per year, which is double the production originally contemplated.
VANCOUVER, BC / ACCESSWIRE / December 17, 2019 / Cielo Waste Solutions Corp. (CSE:CMC - OTCQB:CWSFF) ("Cielo" or the "Company") is pleased to announce the appointment of Lionel Robins to the Board of Directors of Cielo. Mr. Robins is a serial entrepreneur residing in Grande Prairie, Alberta. Mr. Robins is actively involved in the local community and is the principal of a number of local businesses, including a trucking company, five car-dealerships and a real-estate company that collectively employs approximately 200 individuals.
The Company will trade on the OTCQB under symbol "CEIWF" and the Company's common shares will continue to trade on the Canadian Securities Exchange under the symbol "CMC". "We anticipate that in addition to our CSE listing, trading on the OTCQB will raise our visibility within the U.S. investment community and will help us to broaden our shareholder base by facilitating easier access for U.S. investors to acquire shares in Cielo," said Mr. Don Allan, President and CEO.
The Agreement is effective as of October 31, 2019 and will expire on October 31, 2025. The Agreement entitles Cielo to receive scrap rail ties from CP to use as feedstock in the production of high-grade renewable fuels, in one of its future follow-on waste to energy green refineries. Over the past approximately 18 months, Cielo has worked with CP to obtain a number of scrap rail ties for due diligence testing and has consistently achieved positive preliminary results.
VANCOUVER, BC / ACCESSWIRE / August 30, 2019 / Cielo Waste Solutions Corp. (CMC.CN)(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.
VANCOUVER, BC / ACCESSWIRE / July 30, 2019 / Cielo Waste Solutions Corp.(CMC.CN)(OTC:CEIWF) ("Cielo" or the "Company") announces that it has entered into a Memorandum of Understanding (“MOU”) with Renewable U Lethbridge Inc. ("Renewable U LA") to build a renewable diesel refinery in the City of Lethbridge, Alberta. Renewable U LA and Cielo are now working towards entering into a joint venture agreement ("JV Agreement") that will provide the framework to build and operate a joint venture refinery that converts garbage into high grade renewable fuels utilizing Cielo’s proprietary technology (“JV Refinery").
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. 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”).
ALDERSYDE, AB / ACCESSWIRE / July 11, 2019 / (CMC.CN) Cielo Waste Solutions Corp. (“Cielo” / “Company”) today announced that its refinery using cutting edge technology to convert most types of household and industrial waste into high grade diesel fuel is now operational. Using a proprietary technology (Cielo holds the global licence), the Company plans to add four more refineries in Alberta, and then expand to other markets in Canada and abroad.
VANCOUVER, BC / ACCESSWIRE / June 11, 2019 / CSE: CMC: Cielo Waste Solutions Corp. ('Cielo' or the 'Company') is pleased to announce that it will be holding the "Grand Opening" of its renewable fuels refinery in Aldersyde, Alberta (the "Refinery") on July 11th, 2019 between noon and 3 PM MST. Tours will be offered to interested parties and, in the spirit of the Calgary Stampede, there will be food, refreshments and entertainment provided. Cielo has been working diligently since its temporary shut-down of the Refinery, as announced on May 7, 2019, in order to facilitate the installation of its new heater equipment and waste recovery process.