Cielo completes $1 million private placement financing

Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF) has completed a non-brokered private placement financing, raising $1 million in gross proceeds. The company issued 16,666,667 units at $0.06 per unit, with each unit consisting of one common share and one warrant.

The warrants allow holders to purchase additional common shares at $0.15 each for 48 months from the issuance date. The financing was announced on February 11, 2026, in connection with the company's proposed acquisition of assets from Canadian Discovery Ltd.

All securities issued are subject to a statutory hold period under Canadian securities laws and TSX Venture Exchange policies. The financing received conditional approval but requires final exchange acceptance.

Cielo plans to use the net proceeds for general corporate and working capital purposes and to advance ongoing project development activities, including work on Project Nexus and the Nexus Platform. No proceeds will fund the proposed acquisition's purchase price.

Certain principals of Canadian Discovery Ltd. and company insiders participated in the financing. The insider participation constitutes a related party transaction under Multilateral Instrument 61-101, though the company relied on exemptions from formal valuation and minority shareholder approval requirements since the fair market value of securities issued to related parties did not exceed 25% of the company's market capitalization.

The proposed acquisition remains subject to definitive documentation, customary closing conditions, and regulatory approvals, including exchange approval. No finder's fees were paid in connection with the financing.

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