Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Market Cap: 374MCAD at time of publication
Share price: 0.58 CAD at time of publication
Industry: Converting waste to renewable fuel
Appointment of Andrea Whyte
Andrea Whyte is a Partner, with Osler, Hoskin & Harcourt LLP (“Osler”). Ms. Whyte’s practice
focuses on corporate finance, mergers and acquisitions, corporate governance, executive
compensation and general corporate matters.
Andrea’s leading expertise has been recognized by Chambers, Lexpert, International Financial
Law Review (IFLR) and Best Lawyers. Andrea is also a director of several non-profit and private
Ms. Andrea Whyte stated “I am delighted to join the Cielo board and be part of a company
focused on providing clean, innovative, renewable energy solutions to address excess waste. I
look forward to working with Don Allan and the entire Cielo team.”
Don Allan CEO of Cielo stated: “I am pleased and honoured to have Andrea Whyte join our
Board. Ms. Whyte will be an active member taking the “Lead Director” role. I look forward to
working with Ms. Whyte and welcome her to the Cielo Team.”
Update on MCTO
“The Company is also providing an update with respect to the previously announced management
cease trade order (the “MCTO”) issued by the British Columbia Securities Commission (the
“BCSC”) pursuant to National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”),
as announced on August 27, 2021, and subsequently September 7, 2021 (the “Previous News
Releases”). The MCTO was issued in connection with the delayed filing of its annual audited
financial statements for the year ended April 30, 2021 (the “Financial Statements”), related
management discussion and analysis (the “MD&A”) and officer certificates (the “Certificates”,
together with the Financial Statements and the MD&A, collectively the “Annual Documents”)
on http://www.sedar.com as required pursuant to applicable securities laws.
The Company has been advised by its auditors that a short additional period of time is required to
complete their final review of the Annual Documents. The Company expects to file the Annual
Documents no later than September 20, 2021.
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