Waste to Hydrogen – Cielo Announces Private Placement of Units
CALGARY, Alberta, Oct. 09, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) is pleased to announce a non-brokered private placement financing for gross proceeds of up to C $2,000,000 through the issuance of up to 40,000,000 units (each a “Unit, collectively the “Units”) at a price of $0.05 per Unit (the “Offering”).
Each Unit is comprised of one common share of the Company (each, a “Common Share“) and one whole Common Share purchase warrant (each, a “Warrant“) of the Company, each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.07 per Common Share for a period of two (2) years from the date of issuance.
Net proceeds of the Offering are anticipated to be used for the development and early-stage engineering of the Company’s proposed waste-to-hydrogen facility in British Columbia (the “BC Facility”), including regulatory and incentive application work, as well as general working capital purposes, including the payment of approximately C $750,000 under the terms of the Settlement Agreement (as defined in and further described in the Company’s news release dated April 30, 2025) with Expander Energy Inc. (“Expander”).
Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange (the “Exchange”). While the Offering is non-brokered, the Company may pay finder’s fees in cash or securities to certain arm’s length finders engaged in connection with the Offering, subject to the approval of the Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus one day from the date of issuance and applicable securities legislation.
Ryan Jackson, Chief Executive Officer of the Company, stated:
This financing represents, in effect, a continuation of the previously announced and closed $3 million unit offering, of which approximately $1 million was raised.
“In addition to the final payment of funds to Expander, these additional funds will allow Cielo to maintain momentum on Project Nexus in Northern British Columbia in continuing to advance regulatory and engineering milestones.”
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
READ the latest news shaping the hydrogen market at Hydrogen Central
Waste to Hydrogen – Cielo Announces Private Placement of Units, source
