Cielo Secures Funding for Biofuel Projects

Cielo Waste Solutions (TSE:CMC) has released an update.

Cielo Waste Solutions Corp. has successfully completed the first tranche of a non-brokered private placement, raising C $560,000 through the issuance of convertible debenture units. These units, which include debentures and warrants, are part of a larger effort to fund the company’s renewable fuel projects in Alberta. Investors have the option to convert their debentures into common shares, or redeem them under certain conditions, aiming to advance Cielo’s biofuel technology initiatives.

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