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CIELO ANNOUNCES MARKETED FINANCING FOR GROSS PROCEEDS OF C$8,500,000
CIELO ANNOUNCES MARKETED FINANCING FOR GROSS PROCEEDS OF C$8,500,000 Canada New...
About this update from Cielo Waste Solutions Corp.
[{"type":"text","content":"\n \n \n \n CIELO ANNOUNCES MARKETED FINANCING FOR GROSS PROCEEDS OF C$8,500,000\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 15, 2022\n \n \n /CNW/ - Cielo Waste Solutions Corp. (the \"\n \n Company\n \n \" or \"\n \n Cielo\n \n \") (TSXV: CMC) (OTCQG: CWSFF) today announced that it has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of\n \n British Columbia\n \n ,\n \n Alberta\n \n and\n \n Ontario\n \n in connection with an marketed offering (the \"\n \n Offering\n \n \") of 121,428,571 units (the \"\n \n Units\n \n \") at a price of\n \n $0.07\n \n per Unit for gross proceeds of\n \n $8,500,000\n \n . Echelon Wealth Partners Inc. (the \"\n \n Agent\n \n \") will act as agent for the Offering on a commercially reasonable \"best efforts\" basis.\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share (a \"\n \n Common Share\n \n \") and one full share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant shall be exercisable to acquire one common share of the Company (a \"\n \n Warrant Share\n \n \") at a price of\n \n $0.09\n \n for a period of 60 months following the Closing Date.\n \n \n The Agent has been granted an option to offer for sale up to an additional 15% of the securities sold pursuant to the Offering (the \"\n \n Over-Allotment Option\n \n \"), exercisable in whole or in part, to purchase Units, Common Shares or Warrants, or any combination thereof, on the same terms as the Offering for market stabilization purposes and to cover overallotments, within 30 days of the date of closing of the Offering. Closing of the Offering is subject to a number of conditions, including without limitation, receipt of all regulatory approvals.  There can be no assurance as to whether or when the Offering will be completed.\n \n \n As cons...