CWSFF - Cielo Waste Solutions Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
-0.0084 (-10.99%)
At close: 3:47PM EST
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Previous Close0.0764
BidN/A x N/A
AskN/A x N/A
Day's Range0.0680 - 0.0700
52 Week Range0.0400 - 0.1321
Avg. Volume9,441
Market Cap13.228M
Beta (5Y Monthly)0.98
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A

    Cielo Closes Tranche of Private Placement, Provides Corporate Update, and Appoints Canadian Investors Relations Firm

    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.


    Cielo Expands Its Reach to Nova Scotia, Gaining Port Access

    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.


    Cielo Announces Aldersyde Refinery Is Continuously Flowing, Agrees to Extension to Enter into Definitive JV Agreements and Announces Investor Update Webinar Call

    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.