Cielo Announces Acceleration of Warrant Terms

About this update from Cielo Waste Solutions Corp.

[{"type":"text","content":"Cielo Announces Acceleration of Warrant TermsVANCOUVER, BC / ACCESSWIRE / April 1, 2021 / Cielo Waste Solutions (CSE:CMC)(OTCQB:CWSFF) (\"Cielo\" or the \"Company\") announces that it has elected to accelerate the expiry date of an aggregate 28,620,075 warrants (the \"Warrants\") previously issued pursuant to three (3) separate private placement offerings (the \"Offerings\") of units.The Warrants consist of the following:Issue Date(s)Number of WarrantsExercise PriceTermAcceleration TriggerBetween December 17, 2018 and April 4, 20197,618,200 (including 231,000 broker warrants)$0.2036 months$0.40 or higher for at least 20 consecutive trading daysBetween May 6, 2019 and February 28, 20201,480,875$0.2548 months$0.25 or higher for at least 5 consecutive trading daysBetween May 6, 2019 and February 28, 2020369,000 broker warrants$0.1048 months$0.25 or higher for at least 5 consecutive trading daysBetween November 20, 2020 and December 7, 202019,521,000 (including 1,645,000 broker warrants and include warrants that are subject to a 4 month hold expiring on April 5 or April 8th, 2021, as applicable)$0.1236 months$0.20 or higher for at least consecutive trading days Pursuant to the terms of the respective Warrants, as the common shares of Cielo have traded at or above the prices indicated above for greater than the minimum days required pursuant to the terms of the Warrants, Cielo is entitled and has elected to provide a minimum 30 day notice to the holders of the Warrants, accelerating the expiry of the term of the Warrants. All of the Warrants set out above will expire on May 6, 2021. Cielo intends to deliver notice to holders of the Warrants in accordance with the terms of the warrant certificates representing the Warrants in the coming days.In the event that all the remaining Warrants are exercised, Cielo will receive combined gross proceeds of CDN$4,181,029.Don Allan, President and CEO of Cielo Waste Solutions stated, \"We are pleased to report that Cielo's recent record volumes of trading and strong stock performance allowed us to accelerate the expiry date of these Warrants. Cielo would like to point out, these Warrants are not diluting the company as these Warrants have already been taken into consideration with the total outstanding shares and the exercising of these Warrants further strengthens our finances. We would like to th...

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