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Financings

Cielo Announces Closing of First Tranche of Unit Offering

By The Northwire Desk — AI Analysis Nov 10, 2025 · 07:00 CMC · 0.14 Cielo Waste Solutions Corp.
CMC · Price

Executive Summary

  • Cielo Waste Solutions Corp. closed a tranche of its non‑brokered private placement, issuing 29,325,000 Units for gross proceeds of C$1,466,250.
  • Each Unit consists of one common share and one warrant to purchase an additional common share at $0.07 per share, exercisable for two years.
  • Net proceeds will fund development and early‑stage engineering of the proposed renewable fuels facility in British Columbia, regulatory/incentive work, general working capital, and payment of a C$750,000 settlement with Expander Energy Inc.

Key Details

  • Offering Size: Up to 40,000,000 Units at $0.05 per Unit.
  • Units Issued in This Tranche: 29,325,000 Units → Gross Proceeds: C$1,466,250.
  • Unit Composition:
  • 1 Common Share (per Unit)
  • 1 Whole‑share purchase warrant (per Unit) – exercise price $0.07, two‑year term.
  • Finder Compensation: Cash finder fees of C$5,500 and issuance of 40,000 Finder’s Options (exercise price $0.05 per share, 24‑month term).
  • Hold Period: All securities issued are subject to a hold period expiring March 8 2026, per TSX Venture Exchange rules.
  • Exchange Approval: Conditional approval received from the TSX Venture Exchange.
  • Use of Proceeds:
  • Development and early‑stage engineering of the BC renewable fuels facility (Project Nexus).
  • Regulatory and incentive application work.
  • General working capital, including payment of approximately C$750,000 under a Settlement Agreement with Expander Energy Inc. (already satisfied).
  • Future Closings: Company may complete additional closings on or before November 24 2025.
  • CEO Comment: “We believe this financing demonstrates strong investor confidence in our vision… turning the page from restructuring to growth, with all efforts now directed toward delivering Project Nexus.”

Notable Quotes

“We believe this financing demonstrates strong investor confidence in our vision,” said Ryan C. Jackson, CEO. “We’re turning the page from restructuring to growth, with all efforts now directed toward delivering Project Nexus in British Columbia.”

Read the original news release →

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