Cielo Announces $11 Million Mortgage Loan, Anticipated Partial Repayment Of Existing Loan, and Engagement of Investor Relations Firm. The decrease in net loss is primarily due to decreased financing costs and the fair value change of warrant liability offset by increases in general and administrative expenditures, research and development expenditures and share-based compensation. To maximize the value of Cielo's Fort Saskatchewan property, the Company entered into a five-year commercial lease on August 1, 2022, with an annual base of $0.6 million plus 90% of occupancy costs, which affords monthly rental income for the Company. Cielo has a patented process that can convert waste feedstocks, including plastics, rubber, organic material, and wood derivative waste to fuel. Use of Proceeds - Anticipated Partial Repayment of the Existing Loan and General Working Capital. Cielo is a publicly traded company with its shares listed to trade on the TSX Venture Exchange (" TSXV ") under the symbol "CMC," on the Frankfurt Exchange (" DAX ") under the symbol "C36", as well as on the OTC Venture Market (" OTCQB "), under the symbol "CWSFF." Cielo has a patented process that can convert waste feedstocks, including plastics, rubber, organic material, and wood derivative waste to fuel. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The EPA has continued an open dialogue with Cielo and from that dialogue it has been agreed that a new application be submitted as opposed to an application amendment. . Investors should continue to review and consider information disseminated through news releases and filed by the Company on SEDAR. RBMG has been retained for an initial term of 18 months, subject to 12-month auto-renewal periods thereafter until either party terminates the agreement prior to any such period. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. The Company's strategic intent is to become a leading waste-to-fuel company using economically sustainable technology while minimizing the environmental impact. Their leadership and contributions have been transformational for Cielo in working towards its vision of aspiring to lead the waste-to-fuels industry using environmentally friendly, economically sustainable technology. Any forward-looking statements are made as of the date hereof and, except as required by law, neither the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. As compared to a working capital deficiency of approximately $0.6 million at April 30, 2021, the Company had working capital of approximately $1.2 million as at April 30, 2022, owing primarily to the decrease in current liabilities, as described above. Aligned with the previous news releases dated May 12, 2022 and April 18, 2022, the primary focus of Aldersyde is to improve reliability, distillate quality, and better understand constraints so that learnings can be applied to the research facility design and future full-scale facilities. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. VANCOUVER, BC / ACCESSWIRE / October 12, 2021 / Cielo WasteSolutions Corp. (TSXV:CMC;OTCQB:CWSFF) ( " Cielo" or the "Company") today provides an operational and corporate update, highlighting. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV), nor OTCQB nor WKN, have reviewed, and do not accept responsibility for the adequacy or accuracy of, the content of this news release. About Cielo Ownership Breakdown Ownership Breakdown The table below indicates the quantity of stocks held by the Cielo's major stockholders: * Of the total shares held by Grupo Bradesco, 38.3 million are not included in the shareholder's agreement. We collaborate across services, disciplines, and geographies to deliver responsive, locally connected, and scalable solutions customized to your project and environmental challenge. All amounts in this news release are in Canadian dollars unless otherwise indicated. Neil Simon, Chairman . Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes. Cielo Secures Additional Working Capital and Generates Interest Savings and Stability. ", Ryan Jackson, Interim CEOPhone: (403) 348-2972, Cielo Investor RelationsEmail: investors@cielows.com, RB Milestone Group LLC (USA):Trevor Brucato, Managing DirectorEmail: cielo@rbmilestone.comNew York, NY & Stamford, CT. Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. As the Aldersyde Phase 1 facility has continued to operate, Cielo has continued to modify and improve the design. RB Milestone Group LLC (USA): Trevor Brucato, Managing Director Email: cielo@rbmilestone.com New York, NY & Stamford, CT. About Cielo Waste Solutions Corp. Cielo's objective is to generate value from converting waste to fuel while ridding the world of unwanted and problematic waste. Its our job to power progress and shape a better future where our clients, people, communities, and environment thrive. the engagement of a New York based investor relations firm, to assist the Company in developing its investor relations program and expanding its access to institutional investors. Cielo has entered into an agreement with Rose & Company Holdings, LLC. the engagement of a New York based investor relations firm, to assist the Company in developing its investor relations program and expanding its access to institutional investors. In accordance with the Agreement, as a result of the issuance of the Repayment Shares, memorandums of understanding (the MOUs) executed between Cielo and Renewable U in 2021 with respect to four (4) proposed joint ventures have been terminated. Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Cielo is a publicly traded company with its shares listed to trade on the TSX Venture Exchange ("TSXV") under the symbol "CMC," on the Frankfurt Exchange ("DAX") under the symbol "C36", as well as on the OTC Venture Market ("OTCQB"), under the symbol "CWSFF." The Company, in accordance with its current business strategy, set out to renegotiate the terms of the Existing Loan with goals including eliminating the Market Cap Requirements, obtaining additional capital, and reducing the interest costs associated with the Existing Loan. RB Milestone Group LLC . CALGARY, Alberta, April 10, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) ( "Cielo" or the "Company" ), a waste-to-fuel environmental technology company, is. Pursuant to the terms of the agreement, Cielo will pay Rose CAD $10,000 per month for the initial 3 months of the term, USD $10,000 per month from the fourth to the sixth month inclusive, and USD $12,500 per month thereafter. Cielo is pleased to announce that Mr. Jackson and Ms. Dhaliwal have removed the "interim" title for their respective roles and have been formally appointed as CEO and CFO, respectively. This News Release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor OTCQB nor WKN, have reviewed, and do not accept responsibility for the adequacy or accuracy of, the content of this Press Release. Having demonstrated its ability to produce diesel and naphtha from waste, Cielo plans to further enhance its Aldersyde Facility and to construct additional facilities that will convert waste feedstocks to energy fuels, including diesel, naphtha, and kerosene. All amounts in this news release are in Canadian dollars unless otherwise indicated. Larry Schafran, Chair of the Board of Directors of Cielo, commented: "On behalf of the Board of Directors, we are confident that in the hands of Mr. Jackson and Ms. Dhaliwal, and the support of the Board and Cielo's advisors, Cielo can focus on its objectives during these coming months to bring us closer to our ultimate goals.". Ms. Dhaliwal will not be standing for re-election given her more permanent role as CFO, for corporate governance purposes. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. The Loan is anticipated to be closed on or about January 17, 2022 (the actual closing date defined as the "Closing Date"). Total liabilities decreased by $0.7 million as of April 30, 2022 compared to April 30, 2021 due to the exercise of liability classified warrants; the conversion of convertible debentures; the repayment of deferred revenue amounts related to the prepaid oil sale; and the decrease in accounts payable and accrued liabilities due to lower spending towards the year-end on the Aldersyde Facility compared to the same period in prior year, partially offset by the increases in long-term loans with the Second Mortgage Loan. Cielo has a patented process that can convert waste feedstocks, including organic material and wood derivative waste, to fuel. Cielo's objective is to generate value by converting waste to fuel, while fueling the sustainable energy transition. Between September 2019 and March 2021, at the same time Cielo was signing the joint venture agreements, RUEI CEO Lionel Robbins ran Cielo investor relations and its President Raphael Bohlmann. Cielo's plan is to achieve steady state production over a 10-day period followed by a planned outage to inspect equipment. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes. By: Cielo Waste Solutions Corp. via AccessWire. All statements other than statements of present or historical fact are forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. Having demonstrated its ability to produce diesel and naphtha from waste, Cielos business model is to construct additional processing facilities. All statements other than statements of present or historical fact are forward-looking statements. Cielo will have the option to pay accrued and unpaid Interest when due in readily available funds or by issuing common shares of Cielo at Market Price (as defined in the policies of the TSXV) at the time of settlement and subject to the prior approval of the TSXV. The conference call replay will be available until September 6, 2022. Ryan Carruthers, Executive Vice President of Operations, commented: Commissioning completion is a significant milestone achieved as Cielo continues to march down the path to commercialization. Cielo's business model is to source feedstocks from a wide variety of potential suppliers and convert the feedstocks into fuels to be sold to a wide variety of potential purchasers. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. For further information please contact: Cielo Investor Relations Phone: (403 . Ryan Jackson, CEO Phone: (403) 348-2972 Cielo Investor Relations Email: investors@cielows.com RB Milestone Group LLC (USA): Email: cielo@rbmilestone.com New York, NY & Stamford, CT The diesel from Cielo's distillate could be used in diesel engines. Date: Wednesday, April 26, 2023Time: 1pm ETRegister: Webinar Registration. Cielo's business model is to source waste feedstocks from industrial producers and other suppliers and convert the feedstocks into fuels. Having demonstrated its ability to produce diesel and naphtha from waste, Cielo's business model is to construct additional processing facilities. Kerosene could be suitable for aviation or marine jet fuel, and naphtha could be used to assist in transporting heavy oil. Forward-looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. In addition, management anticipates that the successful closing of the Loan, partial repayment to the Existing Loan, and the amendment to the terms of the Existing Loan will: Further improve the Company's cash position and provide additional capital to fund the activities at the Aldersyde facility to achieve steady-state production, and the cost related to the research and development facility in Fort Saskatchewan, Alberta, as announced in the Company's November 12, 2021 press release; Provide greater stability and certainty for Cielo regarding the timing of the repayment of the Existing Loan; and. Cielo's objective is to generate value by converting waste to fuel, while fueling the sustainable energy transition. Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Use of Proceeds - Anticipated Partial Repayment of the Existing Loan and General Working Capital. We partner with clients and communities to solve challenges. Cielo developed a process that can convert waste feedstocks, including plastics, rubber, organic material and wood derivative waste to fuel. Cielo's objective is to generate value from converting waste to fuel while ridding the world of unwanted and problematic waste. AGM to be held on October 27th, 2022 at 10:30 a.m. (Calgary Time)Ryan Jackson and Jasdeep K. Dhaliwal removing "interim" executive titles Cielo's strategic intent is to become one of Canada's leading waste to fuel companies using its environmentally friendly, economically sustainable technology. Cielo made a partial payment of $2.0 million on a mortgage loan for the Company's Fort Saskatchewan property, effected through the issuance of approximately 26.9 million common shares, which ultimately reduced the principal balance to $4.5 million. The diesel from Cielo's distillate could be used in diesel engines. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes. (Thousands of dollars, except per share amounts). Cielo is making forward looking statements, with respect to, but not limited to: the time, location, forum and call-in details of the Meeting; the building of the Company and realizing goals of commercialization by management; the Company's ability to focus on its objectives and bring the Company closer to its goals with current management; the board nominees for the Meeting and the stepping down by Ms. Dhaliwal and Mr. Allan from the Board of Directors; the engagement of RBMG, including but not limited to the duration of the term, the services to be provided, and the fees payable. Cielo's business model is to source feedstocks from a wide variety of potential suppliers and convert the feedstocks into fuels to be sold to a wide variety of potential purchasers. The services will be provided for cash payment equal to US$10,833 per month. All statements other than statements of present or historical fact are forward-looking statements. The amendment to the terms of the Existing Loan, the return of a portion of the Interest Reserve, and the reduction of the term of $5.5 million Existing Bonus Warrants, will occur only in the event of the closing of the Loan, which is anticipated to be on or about January 17, 2022. | Source: CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Cielo is a publicly traded company with its shares listed to trade on the TSX Venture Exchange ("TSXV") under the symbol "CMC", as well as on the OTC Venture Market ("OTCQB"), under the symbol "CWSFF". Forward-looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. "Cielo's fiscal Q2 2023 results reflect progress made in the design of our research and development facility (the "R&D Facility"), which is targeted for commissioning in early calendar Q2 2023," said Ryan Jackson, CEO of Cielo. Kerosene could be suitable for aviation or marine jet fuel, and naphtha could be used to assist in transporting heavy oil. Any forward-looking statements are made as of the date hereof and, except as required by law, neither the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. Ryan Jackson, Interim CEOPhone: (403) 348-2972, Cielo Investor RelationsEmail: investors@cielows.com. Forward-looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Ms. Anna Cheong, who was acting as interim Chief Financial Officer, has returned to her position as Controller. Ryan Jackson, Interim CEO, commented: "The fact that we have a person of Ryan's technical knowledge and management experience at Cielo allows us to continue to execute on our stated goals, without pause. Along with our capable team, I look forward to building the Company and realizing our goals of commercialization". Our integrated approach is supported by talented professionals and a project management model that encourages synergies, promotes service excellence, and provides cost and time savings. The Company also completed certain financial transactions during the year, including a private placement of convertible debentures for gross proceeds of $4.0 million and two mortgage loans, as well as a public offering of units subsequent to the year end for gross proceeds of $9.775 million. 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