Cielo Announces Extension of Agreement for Marketing Services
Vancouver, British Columbia (FSCwire) - CSE:CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to announce that the commencement date, pursuant to the Company’s Marketing Agreement (“Agreement”) with Elbow River Marketing Ltd. (“Elbow River”), that was originally press released on July 26, 2016, has been extended from December 31, 2017 to July 31, 2018.
The Agreement has an initial five-year term commencing after Cielo’s first continuous flow plant is placed on production and may renew for two year periods thereafter. All other terms of the Agreement remain unchanged. Elbow River’s management continue to be supportive of the Company and the progress being made with respect to placing on production Cielo’s first continuous flow refinery that converts garbage-derived feedstocks into high grade renewable diesel.
Don Allan, President and CEO of Cielo states, “Over the past year we have transitioned the Company and made significant strides forward in our commercialization efforts. We now have clear line of sight to place our first continuous flow refinery on production in the spring of 2018. We have acquired the land, the building, awarded trades contracts, purchased equipment, commenced off-site fabrication, received municipal permits and have applied for the Environmental Protection and Enhancement Act (“EPEA”) Permit from Alberta Environmental and Parks. We have also engaged great trade/contract partners to work with us and added talented new members to our team. We firmly believe that with these steps now in place we will be able to accelerate our commercialization efforts.
I want to thank our existing shareholders for their support and welcome the new shareholders to our Company. The team and I are very excited about the progress that we have achieved in 2017 and look forward to showcasing of green refinery solution to the world in 2018. Have a safe and happy holiday from our family to yours.”
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About Cielo Waste Solutions Corp.
Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a transformational, patent-pending, technology that can convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. The garbage-derived feedstocks include sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel.
Cautionary Note Regarding Forward-looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
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Source: Cielo Waste Solutions Corp. (CSE:CMC, FWB:C36)
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