Cielo Waste Solutions (TSE:CMC) has released an update.
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Cielo Waste Solutions has successfully closed the second tranche of its private placement, raising C $1,480,000 through the sale of convertible debenture units, with plans to use the proceeds for the advancement of its renewable fuel projects in Alberta. Each unit includes a C $1,000 convertible debenture and 2,500 share purchase warrants, with the potential for future tranches to be offered in April 2024. The funds will notably support the development of the company’s innovative wood byproduct to Bio-SynDiesel projects, promising growth in the renewable energy sector.
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