Cielo Announces Final Closing of Private Placement of Convertible Debenture Units

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CALGARY, Alberta, May 31, 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 the closing of the final tranche of 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(the "Private Placement"). Pursuant to the closing of this final tranche of the Private Placement, the Company issued 90 Convertible Debenture Units for gross proceeds of C $90,000, consisting of 90 Convertible Debentures and 225,000 Warrants, which brings the total raised under the Private Placement to C $2,130,000.

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