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EXPANDER CORRECTS MISLEADING DISCLOSURE MADE BY OR ON BEHALF OF CIELO
EXPANDER CORRECTS MISLEADING DISCLOSURE MADE BY OR ON BEHALF OF CIELO Canada NewsWire ...
About this update from Cielo Waste Solutions Corp.
[{"type":"text","content":"\n\n\n\n EXPANDER CORRECTS MISLEADING DISCLOSURE MADE BY OR ON BEHALF OF CIELO\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\n \n\n DISSEMINATION IN THE\n \n\n UNITED\n \n\n STATES\n \n /\n \n\n\n\n CALGARY, AB\n \n\n ,\n \n\n April 6, 2025\n \n\n /CNW/ - Expander Energy Inc. (\"\n \n Expander\n \n \"), the largest shareholder of Cielo Waste Solutions Corp. (TSXV: CMC) (\"\n \n Cielo\n \n \"), wishes to correct misleading disclosure made by or on behalf of the Cielo board about Expander and its decision to requisition a shareholders' meeting.\n \n\n\n News Release of Cielo dated\n \n April 1\n \n , 2025\n \n\n\n\n\n FICTION\n \n : Cielo has notified Expander of its intention to initiate the dispute resolution procedures under the Technologies Licence Agreement dated\n \n November 9, 2023\n \n (the \"\n \n Licence Agreement\n \n \").\n \n\n\n FACT\n \n : On\n \n March 31, 2025\n \n , Cielo sent a notice to Expander purporting to initiate mediation under the Licence Agreement. However, the notice fails to comply with both the dispute resolution procedures set out in the Licence Agreement and the National Arbitration Rules of the ADR Institute of\n \n Canada\n \n , which govern those dispute resolution procedures.\n \n\n\n\n Condensed Interim Consolidated Financial Statements of Cielo for the three and nine months ended\n \n January 31, 2025\n \n , and 2024 (the \"Interim Financial Statements\"),\n \n\n Amended Management's Discussion and Analysis of Cielo for the three months ended\n \n January 31, 2025\n \n , and 2024 (the \"Interim MD&A\"), and Certifications of Interim Filings\n \n\n\n\n\n FICTION\n \n : Neither the Interim Financial Statements nor the Interim MD&A omit to state material facts required to be stated or that are necessary to make disclosure not misleading in light of the circumstances under which the disclosure was made.\n \n\n\n FACT\n \n :\n \n\n The Interim Financial Statements do not contain disclosure co...