Announcement • Apr 17
Cielo Waste Solutions Corp. Appoints Kaush Rakhit as Director Cielo Waste Solutions Corp. announced that in connection with the closing of the acquisition of certain proprietary project development and evaluation assets from CDL Biofuels Ltd., Kaush Rakhit has been appointed to the board of directors of the Company. Announcement • Apr 16
Cielo Waste Solutions Corp. (TSXV:CMC) completed the acquisition of Certain proprietary project development and evaluation assets from Canadian Discovery Ltd. Cielo Waste Solutions Corp. (TSXV:CMC) signed a letter of intent to acquire Certain proprietary project development and evaluation assets from Canadian Discovery Ltd. for approximately CAD 1.126 million on February 10, 2026. As part of the consideration, Cielo will pay an amount equal to approximately CAD2.6 million as full consideration for the Assets by issuing 17,333,333 common shares of Cielo at a per share price of $0.15 per share to or as directed by CDL, as follows: 10,000,000 Consideration Shares to be issued upon closing, subject to a statutory 4 month hold period in addition to a subsequent, consecutive 8 month hold period for an aggregate hold period of 12 months from closing (the “12 Month Hold”); and 7,333,333 Consideration Shares to be issued on closing, also subject to the 12 Month Hold, and deposited into escrow with the Company’s transfer agent, Olympia Trust Company, to be released on an earn-out basis within 36 months of the closing of the Proposed Acquisition on and subject to the performance of certain milestones to be set out in the APA. CDL and the CDL Principals will be subject to standstill provisions with respect to the Consideration Shares as well as the Units issued under the Financing (each as defined below) for a period of 24 months from closing of the Proposed Acquisition. The Purchase Price is subject to finalization following the completion of the due diligence review contemplated in the LOI however is not expected to vary.
The transaction is subject to, among other things, completion of due diligence, finalization and execution of the APA, satisfaction of customary closing conditions and receipt of all required corporate and regulatory approvals, including the approval of the Exchange to the extent required, which is anticipated to close in March 2026.
Cielo Waste Solutions Corp. (TSXV:CMC) completed the acquisition of Certain proprietary project development and evaluation assets from Canadian Discovery Ltd. on April 15, 2026.
Kaush Rakhit, Executive Chairman and majority shareholder of Canadian Discovery Ltd, has been appointed to the board of directors of Cielo Waste Solutions Corp. Cielo Waste Solutions Corp also intends to appoint two Canadian Discovery Ltd. Executives, Robert Pockar and Matthew Scorah, as Chief Operating Officer and Chief Development Officer, respectively. The effective dates of such appointments will be announced upon the completion of their employment agreements and Board of Director approval. Announcement • Mar 02
Cielo Waste Solutions Corp. announced that it has received CAD 1 million in funding from Canadian Discovery Ltd. On March 2, 2026, Cielo Waste Solutions Corp. closed the transaction. Transaction involves participation of Canadian Discovery Ltd and certain insiders of the Company. No finder’s fees were paid in connection with the Financing. 
