Operational Update and Overview of Accomplished and Pending Milestones

About this update from Cielo Waste Solutions Corp.

[{"type":"text","content":"Operational Update and Overview of Accomplished and Pending MilestonesVANCOUVER, BC / ACCESSWIRE / March 20, 2019 / (CSE: CMC) Cielo Waste Solutions Corp. (\"Cielo\" / \"Company\") would like to take an opportunity to provide an update on operations and corporate activities as well as achievements over the past year along with pending Milestones. The past 12 months have been very active and positive for Cielo. Cielo has continued to move its technology forward and has made significant strides towards having its Aldersyde renewable fuel refinery (the \"Aldersyde Refinery\") up and running on a continuous flow basis.Highlights of what Cielo has accomplished over the past 12 months include the following:FinancingAs Cielo moves through the steps required to bring its technology to commercialization, without revenues Cielo continues to explore and execute on various financing alternatives. Cielo has successfully raised approximately $5.5 Million during the last 12 months by issuing approximately 31.5 million shares of common stock at an average price of approximately $0.17 per share, as follows: A total of 10,162,500 warrants were exercised into common shares for gross proceeds of $2,032,500 as part of Cielo's early warrant incentive program designed to encourage the early exercise of these warrants. Thereafter, an additional 3,960,680 warrants were exercised into common shares for gross proceeds of $748,936. In the most recent few months, Cielo completed a private placement offering of 12,649,007 common shares for gross proceeds of $1,644,371. Aside from private placement offerings and warrant exercises, Cielo was able to settle an additional $1,268,880 through the issuance of 6,607,767 common shares at an average price of approximately $0.19 per share.Construction/Commissioning June 8, 2018, Cielo received its AEP Permit from the Alberta government for operations of the Aldersyde Refinery. June 29, 2018, Cielo commenced commissioning the Aldersyde Refinery. August 22, 2018, first production of raw distillate from wood waste was accomplished at Aldersyde. September 13, 2018, Maxxam Analytics provided Cielo with 3rd party favourable lab results confirming the conversion of the wood waste into a high-quality distillate. October 4, 2018, Cielo announced that it required additional heat to be able to run the Aldersyde Refinery on a cont...

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