Cielo Waste Solutions Announces Share Issuance for Debt Settlement

Cielo Waste Solutions ( (TSE:CMC) ) has issued an announcement.

Cielo Waste Solutions announced its intention to settle approximately $1.62 million in debt through the issuance of 15,451,545 common shares at $0.105 each, subject to TSX Venture Exchange approval. This move includes a transaction with an insider, classified as a related party transaction, and aims to improve the company’s financial standing. The company also corrected a previous error regarding the price of shares issued in earlier transactions, reinforcing its commitment to transparency.

More about Cielo Waste Solutions

Cielo Waste Solutions Corp. operates in the renewable energy sector, focusing on transforming wood by-products into fuels using environmentally friendly technologies. With exclusive licenses for Enhanced Biomass to Liquids and Biomass Gas to Liquids technologies in Canada, and for creosote and treated wood waste in the US, Cielo aims to lead the wood by-product-to-fuels industry. The company is committed to sustainable fuel solutions that promise positive returns for shareholders.

YTD Price Performance: 5.26%

Average Trading Volume: 87,820

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$11.76M

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