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THIS PRESS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES.
CALGARY, Alberta, April 12, 2024 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuels company leveraging market-ready licensed technologies to produce low-carbon fuels from wood byproducts, today announces that it has granted 250,000 stock options (the “Options”) to certain executives and consultants of the Company. The Options were granted pursuant to the Company’s 10% Rail Stock Option Plan (the “Option Plan”).
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Each option entitles the holder to receive one share of the Company’s common stock upon exercise, exercisable at a price of $0.31 per share. The options will vest at 50% on April 30Th2024 and to 50% on October 30thTh2024.
ABOUT CIELO
Cielo Waste Solutions Corp. is driving change in the renewable energy sector and is committed to becoming a leader in the wood byproducts fuel industry through the use of environmentally friendly, economically sustainable and market-ready technologies. The process and technology does not use food as a feedstock as we proudly advance our non-food derived model based on our exclusive license in Canada to the patented Enhanced Biomass to Liquids (EBTL™) and Biomass Gas to Liquids (BGTL™) technologies. and related technologies based intellectual property, along with an exclusive license in the United States for creosote and treated wood waste, including abundant railroad tie raw materials. We have assembled a diverse portfolio of projects across different geographical regions and secured the opportunity to leverage the expertise of proven industry leaders. Cielo is committed to producing renewable fuels from wood byproducts that contribute to a cleaner fuel source and generate positive returns for our shareholders. Cielo shares are listed on the TSX Venture Exchange (“TSX Venture Exchange”).TSXV“) under the symbol “CMC” and on the OTC markets under the symbol “CWSFF”.
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For further information please contact:
Cielo Investor Relations
Ryan Jackson, CEO
phone: (403) 348-2972
E-mail: [email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press 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. All statements that are not statements of current or historical fact are forward-looking statements. 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”, “could”, “will”, “project”, “should” or similar words, including the negative thereof, indicating future results.
Forward-looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control, which may cause the Company’s actual results, level of activity, performance or achievements to be adversely affected. These statements differ differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements and information are based on management’s plans, expectations and estimates as of the date the information is provided and are subject to certain factors and assumptions. Cielo makes forward-looking statements regarding, but not limited to: the options and their terms, including the timing of vesting and expiration.
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Investors should continue to review and consider the information disseminated through press releases and filed by the Company on SEDAR+. 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 .
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties that may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. All forward-looking statements are made as of the date hereof. Except as required by law, the Company undertakes no obligation to publicly update or revise such statements to reflect subsequent or other new information.
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