Correction from Source: Cielo Enters into Investor Relations Agreements, and Provides an Update on the Private Placement


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CNSX:CMC
05/06/2014 [ACCESSWIRE]

SURREY, BC / ACCESSWIRE / May 6, 2014 / CSE:CMC / Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to announce that Cielo Waste Solutions Inc. has entered into an investor relations agreement with Ubika Corp. of Toronto, Ont. The Company has entered into another Advisory Agreement (the "RCP Agreement"), together with the Ubika Agreement (the "Agreements")and also with Robson Capital Partners Corp. of Vancouver, British Columbia which is an Exempt Market Dealer and Corporate Advisory. Under the Agreements, the Firms will provide Investor Relations and Financial services to the Company respectfully in their jurisdictions..

The Ubika Agreement has a term of one year which may be renewed by mutual consent. The remuneration payable to Ubika will be $5,000 per month plus GST. The RMCA Agreement has a term of three months, which may be renewed by mutual consent. The remuneration payable to RMCA will be $5,000 per month plus GST. The Agreements are subject to the approval of the Canadian Securities Exchange (CSE).

The Company also announces that it has extended, to May 30, 2014, the date for closing of the private placement in secured convertible debentures (the "Convertible Debentures") previously announced on March 17, 2014.

About Ubika Corporation:

Ubika Corporation is a specialized research and analytics company with operations in Toronto and Vancouver, Canada. Ubika creates value for their clients and partners by providing strategic knowledge solutions using a portfolio of proprietary methodologies ranging from data and model management to knowledge-driven advanced analytics.

About Robson Capital Partners Corp:

Robson Capital Partners Corp. is an Exempt Market Dealer and Corporate Advisory Firm based out of Vancouver, British Columbia. "RCP" specializes in structuring financing campaigns for public and private companies in all sectors. They have been engaged for a period of 3 months to raise awareness and assist with Cielo's current convertible debenture offering

About Cielo Waste Solutions Corp.:

Cielo specialize in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill reduction through responsible diversion practices. By incorporating the latest material recovery technologies, Cielo is able to achieve significant diversion from landfills while creating a feedstock specifically for renewable diesel. Cielo provides solutions for responsible waste management while also providing value added opportunities.

For more information on the Company, please contact

Don Allan, President, at (403) 348-2972 ext 224, or visit the Company's website at www.cielows.com

Or Jeff Walker, The Howard Group Inc. at 403-221-0915 or jeff@howardgroupinc.com

Further information regarding the Company can be found on SEDAR at www.SEDAR.com or by visiting our profile on www.CNSX.ca.

On Behalf of the Board of Directors

"Don Allan"

Chief Executive Officer

Tel: 403.348-2972 Ext. 224

Email: donallan@cielows.com

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

These securities have not and will not be registered under United States federal or state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon. This news release does not constitute an offer of securities for sale in the United States.

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

 

SOURCE: Cielo Waste Solutions Corp.  

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