Cielo Pronounces Extension of Deadline to Pay Royalties

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES.

CALGARY, Alberta, Jan. 11, 2024 (GLOBE NEWSWIRE) — Cielo Waste Options Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Firm”), a waste-to-fuel environmental know-how firm, publicizes immediately that it has prolonged the date by which it’s required to pay royalties (the “Royalties”) to July 3, 2024.

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BACKGROUND

In 2018, the Firm had undertaken an early warrant train incentive program, issuing a $0.0875 mounted fee royalty for every of the ten,162,500 warrants that had been exercised. The deadline to pay the Royalties was initially July 3, 2020, which was prolonged in July 2020 and once more in July 2022, requiring reimbursement in January 2024. The Firm is happy to have acquired the required approval from the holders of the Royalties for the extension to July 2024, permitting the Firm to focus its assets on the additional improvement of its first industrial waste-to-fuel venture in Carseland, Alberta.

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ABOUT CIELO

Cielo Waste Options Corp. was included underneath the Enterprise Firms Act (British Columbia) on February 2, 2011. Cielo is a publicly traded firm with its shares listed to commerce on the TSXV underneath the image “CMC,” on the Frankfurt Change underneath the image “C36”, in addition to on the OTC Enterprise Market (“OTCQB”), underneath the image “CWSFF.” The Firm’s strategic intent is to change into a number one waste-to-fuel firm utilizing economically sustainable know-how whereas minimizing the environmental affect. Cielo has a patented course of that may convert waste feedstocks, together with natural materials and wooden spinoff waste, to gasoline. Having demonstrated its capability to provide diesel and naphtha from waste, Cielo’s enterprise mannequin is to assemble further processing amenities. Cielo’s goal is to generate worth by changing waste to gasoline, whereas fueling the sustainable power transition.

For additional data please contact:

Cielo Investor Relations

Ryan Jackson, CEO
Cellphone: (403) 348-2972
E mail: [email protected]

RB Milestone Group LLC
E mail: [email protected]

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This information launch comprises sure forward-looking statements and forward-looking data (collectively referred to herein as “forward-looking statements”) inside the which means of relevant Canadian securities legal guidelines. All statements apart from statements of current or historic reality are forward-looking statements. Ahead-looking statements are sometimes, however not at all times, recognized by means of phrases resembling “anticipate”, “obtain”, “may”, “imagine”, “plan”, “intend”, “goal”, “steady”, “ongoing”, “estimate”, “outlook”, “anticipate”, “might”, “will”, “venture”, “ought to” or comparable phrases, together with negatives thereof, suggesting future outcomes.

Ahead-looking statements are topic to each identified and unknown dangers, uncertainties, and different components, a lot of that are past the management of the Firm, which will trigger the precise outcomes, degree of exercise, efficiency, or achievements of the Firm to be materially completely different from these expressed or implied by such ahead wanting statements. Ahead-looking statements and data are primarily based on plans, expectations and estimates of administration on the date the data is supplied and are topic to sure components and assumptions.

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Cielo is making ahead wanting statements, with respect to, however not restricted to: the amended deadline to pay the Royalties; and the results of the amended deadline being the flexibility of the Firm to deal with its venture in Carseland, Alberta.

Buyers ought to proceed to evaluation and contemplate data disseminated by information releases and filed by the Firm on SEDAR+. Though the Firm has tried to determine necessary components that might trigger precise outcomes to vary materially from these contained in ahead wanting statements, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed.

Ahead-looking statements should not a assure of future efficiency and contain quite a few dangers and uncertainties, a few of that are described herein. Such forward-looking statements essentially contain identified and unknown dangers and uncertainties, which can trigger the Firm’s precise efficiency and outcomes to vary materially from any projections of future efficiency or outcomes expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, besides as required by regulation, the Firm assumes no obligation to publicly replace or revise such statements to replicate new data, subsequent or in any other case. 

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