Cielo Waste arranges $2-million private placement

Executive Summary

• Cielo Waste Solutions Corp. announced a non‑brokered private placement for up to $2 million by issuing 40 million units at $0.05 per unit.
• Each unit includes one common share and one whole‑share purchase warrant (exercise price $0.07, two‑year term).
• Net proceeds will fund development of the waste‑to‑hydrogen facility in British Columbia, regulatory/incentive work, and pay approximately $750,000 under a settlement with Expander Energy Inc.

Key Details

• Offering Size: Up to $2 million gross proceeds.
• Units Offered: Up to 40 million units at $0.05 per unit.
• Unit Composition: 1 common share + 1 whole‑share purchase warrant.
• Warrant Terms: Right to purchase one common share at $0.07 per share, exercisable for two years from issuance.
• Use of Proceeds:
• Development and early‑stage engineering of the proposed waste‑to‑hydrogen facility (Project Nexus) in British Columbia.
• Regulatory and incentive application work.
• General working capital, including payment of ~$750,000 settlement with Expander Energy Inc. (referencing April 30 2025 release).
• Closing Conditions: Subject to corporate and regulatory approvals, including TSX‑V exchange approval.
• Finders’ Fees: Company may pay cash or securities fees to arm’s‑length finders, subject to exchange approval.
• Holding Period: All securities issued are subject to a hold period of four months plus one day from issuance, per applicable securities legislation.
• CEO Comment: Ryan Jackson noted the financing continues a previously announced $3 million unit offering (≈$1 million already raised) and will enable continued momentum on Project Nexus.

Notable Quotes

“This financing represents, in effect, a continuation of the previously announced and closed $3‑million unit offering… these additional funds will allow Cielo to maintain momentum on Project Nexus in Northern British Columbia…” – Ryan Jackson, Chief Executive Officer.