Cielo Waste Solutions Corp. announced a non-brokered private placement of up to 150,000,000 flow-through shares at a price of CAD 0.04 per share for the gross proceeds of CAD 6,000,000 on December 7, 2023. It is anticipated that the closing of the Private Placement will occur in one or more tranches on or before December 31, 2023.

The closing of the private placement is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The company anticipates that one or more officers and/or directors of the company may participate in the private placement, the company may pay finders? fees in connection with the private placement in cash, securities or a combination of both.

All of the securities issued or issuable pursuant to the private placement will be subject to a hold period expiring four months and one day after the date of issuance.