Cielo Receives DTC Eligibility, Appoints New CFO, Closes Tranche of Private Placement and Provides Operations Update

About this update from Cielo Waste Solutions Corp.

[{"type":"text","content":"Cielo Receives DTC Eligibility, Appoints New CFO, Closes Tranche of Private Placement and Provides Operations UpdateVANCOUVER, BC / ACCESSWIRE / March 3, 2020 / Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB:CWSFF) (\"Cielo\" or the \"Company\") announces that it has secured eligibility by The Depository Trust Company (\"DTC\") for its common shares, which trade on the OTCQB in the United States under the trading symbol CWSFF. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits shares of Cielo to be distributed, settled and serviced through DTC's automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities. DTC services provide cost benefits for investors and brokers trading Canadian securities in the United States.Cielo's President and CEO, Don Allan, commented, \"With DTC eligibility, Cielo's shareholders in the US will be better served. DTC eligibility increases visibility with US investors overall, making it easier for investors to participate in acquiring shares in Cielo. In addition, we anticipate that our shareholders will benefit from increased liquidity and the Company will gain access to a larger potential shareholder base.\"APPOINTMENT OF CFOCielo also announces the appointment of Shawn Frenette as Chief Financial Officer, replacing Shannon Wyzykoski. Mr. Frenette has over 20 years' experience serving as a CFO/Controller at several fast-paced, dynamic companies and has been a partner with Ms. Wyzykoski, Cielo's previous CFO, in SSCR Corporate Solutions (\"SSCR\") for the past 12 years. While at SSCR, Mr. Frenette held several contracting CFO roles and oversaw and implemented multiple different systems. Mr. Frenette prides himself in being able to guide business leaders to formulate and implement corporate strategies to cost effectively grow their businesses. Mr. Frenette has accounting expertise in both Canada and USA.Mr. Allan stated, \"Cielo would like to wish Shannon Wyzykoski all the best in her new endeavors and would like to thank her for the outstanding work she delivered for Cielo and would like to welcome Shawn to Cielo's management team.\"PRIVATE PLACEMENT TRANCHE CLOSING AND CORRECTIONOn February 28, 2020, Cielo clo...

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