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Enter Symbol
or Name
USA
CA



Cielo Waste Solutions Corp
Symbol CMC
Shares Issued 49,143,079
Close 2014-12-19 C$ 0.015
Market Cap C$ 737,146
Recent Sedar Documents

ORIGINAL: Cielo begins phase 1 of feedstock study

2014-12-19 17:49 ET - News Release

Received by email:

File: Cielo Update  - December 19 -2014.docx

Cielo Update  

Vancouver, British Columbia, Canada / December 19, 2014 / CSE:CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Compan
--->y") is pleased to announce that phase 1 of the planned 7 phases of engineering has commenced with the feedstock charac
--->terization study and is expected to be completed in early 2015.  "This is very exciting for us, as it is significant m
--->omentum for the company in moving forward to commercialization of its technology" stated Don Allan President & CEO of 
--->Cielo.

Cielo also announces that it has signed a 3 year service contract with 182043 AB Limited (the "Service Provider") for 
--->the services of certain management and financial personnel. The Service Provider will assist Cielo in day to day manag
--->ement and operations and aid in the development of the waste to fuel technology in the areas of business development, 
--->operations and accounting. The Service Provider will be compensated a monthly fee of $33,500.

Cielo also announces that it has terminated the joint venture agreement dated July 19th, 2014 (the "JV Agreement") and
---> previously announced on July 21, 2014 with a special purpose corporation (the "SPC") to provide funding of up to CAD 
--->$10 million (the "Funding") for the construction of the Company's first 700 liter per hour ("lph"). Due to continued d
--->elays of the SPC to come up with sufficient funds to move the project forward, and despite repeated attempts and corre
--->spondences to remedy the issues associated with such delays, Cielo has decided to terminate the JV Agreement.  "We are
---> leaving the door open for the investor to rectify the situation if possible, but we cannot allow the project to stall
--->, so we were left with no choice but to terminate the agreement to allow us to review other opportunities that are in 
--->front of us now", stated Don Allan President & CEO of Cielo. 

Finally, the Board of Directors of Cielo has accepted the resignation of James Chepyha, effective December 19, 2014. T
--->he Board of Directors would like to thank Mr. Chepyha for his contribution to the Company during his tenure. The Board
---> would like to welcome Chris Dovbniak. Mr. Dovbniak has been nominated to be elected to the Board of Directors.

About Cielo Waste Solutions Corp.: 
Cielo specializes in environmentally advanced technologies focused on materials recovery, renewable diesel and landfil
--->l reduction through responsible diversion practices. By incorporating the latest material recovery technologies, Cielo
---> is able to achieve significant diversion from landfills while creating a feedstock specifically for renewable diesel.
---> Cielo provides solutions for responsible waste management while also providing value added opportunities. 

For more information on the Company, please contact 

Don Allan, President, at (403) 348-2972 ext 224, or visit the Company's website at www.cielows.com
 
Jeff Walker or Brad Dryer, The Howard Group Inc. at 403-221-0915 
jeff@howardgroupinc.com 
brad@howardgroupinc.com


Further information regarding the Company can be found on SEDAR at www.SEDAR.com or by visiting our profile on www.CNS
--->X.ca. 


On Behalf of the Board of Directors 
"Don Allan" 
Chief Executive Officer 
Tel: 403.348-2972 Ext. 224 
Email: donallan@cielows.com 

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking informati
--->on" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform A
--->ct of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any o
--->f the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expres
--->sions and statements relating to matters that are not historical facts are intended to identify forward-looking inform
--->ation and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
---> Actual future results may differ materially. In particular, this release contains forward-looking information relatin
--->g to the business of the Company, the Property, financing and certain corporate changes. The forward-looking informati
--->on contained in this release is made as of the date hereof and the Company is not obligated to update or revise any fo
--->rward-looking information, whether as a result of new information, future events or otherwise, except as required by a
--->pplicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not 
--->place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking in
--->formation contained herein. 
These securities have not and will not be registered under United States federal or state securities laws and may not 
--->be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is
---> relied upon. This news release does not constitute an offer of securities for sale in the United States. 

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news relea
--->se.




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