Mr. Ryan Jackson reports
CIELO ANNOUNCES HISTORICAL RECOGNITION GRANT OF STOCK OPTIONS
Cielo Waste Solutions Corp.'s board of directors has approved a one-time discretionary grant of nine million stock options to directors and officers of the company, taking into account the recipients' sustained leadership and contributions during the company's strategic repositioning in receipt years and to support continuity and alignment as the company enters its next phase of growth.
The options are exercisable at seven cents per share for a term of three years from the date of grant, vesting 50 per cent on grant and 50 per cent on the 12-month anniversary. The grant is made under the company's stock option plan and remains subject to TSX Venture Exchange approval.
The board determined that a one-time grant was appropriate at this stage of the company's development, following the completion of its restructuring and strategic transition, including the wind-down of legacy operations, the strategic pivot to sustainable aviation fuel and the establishment of the Nexus platform.
About Cielo Waste Solutions Corp.
Cielo Waste Solutions is a clean fuels project development company advancing sustainable aviation fuel and other low-carbon energy projects across North America. Through the Nexus platform, Cielo combines strategic feedstock partnerships with proven third party technologies to develop a scalable pipeline of waste-to-fuels projects.
Cielo's shares are listed on the TSX Venture Exchange under the symbol CMC and on the OTCQB under the symbol CWSFF.
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