Ticker: CMC.CN / CWSFF
Listings: Canadian Securities Exchange / US OTC / Frankfurt – Soon to uplist to TSX venture exchange
Market Cap: 287 MCAD at time of publication
Share price: 0,74 CAD at time of publication
Industry: Converting waste to renewable fuel
Official news release statement:
“Cielo Waste Solutions is pleased to announce that it has received
conditional approval to list its common shares on the TSX Venture Exchange (“TSXV”), subject to fulfilment of certain conditions. The Company will make a further announcement once the TSXV has issued a bulletin confirming the date on which trading on the TSXV will commence. The Company will also apply to have its common shares voluntarily delisted from the Canadian Securities Exchange (“CSE”) immediately before trading begins on the TSXV. Once listed on the TSXV, the Company will continue to trade under its existing symbol “CMC” and
shareholders will not be required to take any action related to the listing. The Company’s shares will also continue to be listed on the OTCQB under the symbol “CWSFF”. Cielo anticipates the listing to be completed shortly.”
Don Allan, CEO of Cielo Waste Solutions, commented: “We are excited to begin trading on the TSXV, a globally recognized
exchange. The move to the TSXV will increase Cielo’s presence and provide easier access and trading to
investors globally. We would like to thank the CSE for their continued support over the years and look
forward to our new relationship with all those involved with the TSXV.”
Finally Cielo Waste Solutions has received the long anticipated confirmation that it’s uplisting to the TSX venture is imminent. We have noted that the company already has a few institutional owners listed below. These numbers are not confirmed but come from relatively reliable sources and therefore we have chosen to disclose them accordingly. The uplisting to the TSX venture will enable for many more institutions to purchase shares in the company and it’s also an important springboard to getting an uplisting to the NASDAQ further down the line . However uplisting to NASDAQ has not been communicated by the company yet so this is only a speculation from our side of what could be possible further down the line.
Current institutional ownership in Cielo Waste Solutions as follows below:
Palos – WP Growth Fund: 2,625,000 Shares
HSBC – Small Cap Growth Fund: 641,870 Shares
HSBC – Canadian Small Cap Equity Pooled Fund 214,529 Shares
U.S. Global Investors – Global Resources Fund: 200,000 Shares
We own shares of this company personally.
Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.
Companies may or may not be paying us for content posted on this blog.