Cielo Announces Execution of Definitive Agreements Regarding Termination of Memorandums of Understanding

CALGARY, Alberta, May 17, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce that it has executed the definitive agreements as required under the binding letter of intent between Cielo and Renewable U Energy Inc., on its own behalf and on behalf of its affiliates (jointly, severally and collectively “Renewable U”), regarding the termination of the memorandums of understanding (each an “MOU” and collectively the “MOUs”) entered into between Cielo and Renewable U between 2018 and 2021.

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