Cielo Announces Proposed $5 Million Convertible Note Financing And Confirms Sale Of Distillate Previously Produced At Aldersyde
Amount Raised
$5 Million
Round Type
Convertible Note
Investors
Description
CALGARY, AB / December 19, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC)(OTCQB:CWSFF) ("Cielo" or the "Company"), a waste-to-fuel environmental technology company, is pleased to announce a proposed private placement of secured convertible notes (the "Notes") for up to an aggregate principal amount of up to CAD $5,000,000 (the "Financing") to a designated affiliate or assignee of Crestmont Investments, LLC (in either case referred to as "Crestmont"), a New York-based investment firm focused on emerging opportunities in decarbonization, healthcare, technology, and special situations, and a non-arm's length party to Cielo.
Quick answer
Cielo Waste Solutions Corp raised $5 Million in a Convertible Note round, dated December 19, 2022. Investors: Crestmont Investments, LLC.
- How much did Cielo Waste Solutions Corp raise?
- Cielo Waste Solutions Corp raised $5 Million in a Convertible Note round on December 19, 2022.
- Who invested in Cielo Waste Solutions Corp?
- Crestmont Investments, LLC is named as investors in this round.
- What does Cielo Waste Solutions Corp do?
- Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011.
- Where is Cielo Waste Solutions Corp based and how big is it?
- Fundz records about 7 employees.
- Who are the decision-makers at Cielo Waste Solutions Corp?
- Fundz holds 3 contacts at Cielo Waste Solutions Corp, including the Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Sustainability and Natural Resources around the same time
Companies in the same sectors as Cielo Waste Solutions Corp that raised within 45 days of this round, from Fundz verified event records.
- Comstock raised $3.1M on December 16, 2022.
- Sun King raised an undisclosed amount (Series D) on December 15, 2022.
- Great Atlantic Resources raised an undisclosed amount (Funding Round) on November 23, 2022.
- Erthos raised $1M (Series B) on November 22, 2022.
- ClearFlame Engine Technologies raised $30M on November 21, 2022.
- Metaspectral raised $4.7M (Seed) on November 16, 2022.
Who to call at Cielo Waste Solutions Corp, and when
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- The decision-makers there, with verified emails
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