Cielo Announces Extension of Private Placement of Convertible Debenture Units

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CALGARY, Alberta, April 30, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce that, subject to the approval of the TSX Venture Exchange (the “Exchange”), it has elected to extend its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement"). The Company has closed and announced two tranches for aggregate gross proceeds of C $2,040,000 and anticipates closing at least one more tranche on or before May 31, 2024.

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