Monday, June 18, 2018

Goldrea Resources firms up Tabu Equity deal

2018-06-18 12:22 ET - News Release


Mr. James Elbert reports
GOLDREA AND TABU COMMIT TO FINAL AMALGAMATION
Goldrea Resources Corp. has signed an amalgamation agreement with Tabu Equity Investments. The terms of the Agreement will include the entirety of Tabu's outstanding twenty-seven million shares on a one for one basis with Goldrea, to be taken out of Goldrea's treasury shares. Goldrea will acquire all of Tabu's assets, including all contracts complete and pending. Tabu is responsible for raising a minimum of one million dollars of investment as operating funds to launch various projects Tabu has in play.

Given the successful passing of cannabis legislation in Parliament's Senate, a positive environment exists as final passage is expected in the House of Commons in the near months. This timing works well for the merging of Goldrea and Tabu in anticipation of final approval of the Amalgamation subject to shareholders and the Exchange. Next year's cannabis industry in Canada is estimated to be more than four billion dollars and 2020 is projected to be over six billion. Goldrea's goal is to ethically embrace this opportunity and explore the varied benefits cannabis can offer.
 

Jim Elbert, President and CEO of Goldrea states, "We are looking forward with the partnering with the vibrant team of Tabu, and their wide swath of contacts and working associations in the cannabis industry. Tabu's business plan, which is aggressive in penetrating this burgeoning sector, can be accelerated under the umbrella of the public company of Goldrea, expanding exposure both nationally and internationally."
 

We seek Safe Harbor.

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Monday, June 11, 2018

Cielo receives environmental permit for Alta. refinery

2018-06-11 08:38 ET - News Release

Mr. Don Allan reports
CIELO RECEIVES REQUIRED PERMIT FROM THE ALBERTA GOVERNMENT TO CONSTRUCT AND OPERATE ITS HIGH GRADE RENEWABLE DIESEL REFINERY IN ALDERSYDE, ALBERTA
Late in the day on Friday, June 8, 2018, Cielo Waste Solutions Corp. received its permit from the Ministry of Environment and Parks (Alberta) pursuant to the Environmental Protection and Enhancement Act that will allow for the operation of its first commercial refinery in Aldersyde, Alta. Don Allan, president and chief executive officer of Cielo, stated: "Receipt of the EPEA permit is a momentous milestone which allows us to now proceed with commissioning and placing our transformational high-grade renewable diesel refinery on production. It is anticipated that the regulatory permitting approval process will be significantly shortened with each new site that is applied for, especially within the province of Alberta. We are now more confident than ever that we will have our refinery up and running on a continuous flow basis before the end of this month." Mr. Allan further commented: "We are looking forward to being able to showcase to the world in the coming weeks and months our technology that utilizes our proprietary processes to convert, on an extremely cost-effective basis, multiple different garbage-derived feedstocks, including all plastics, sorted municipal solid waste (garbage), wood and agriculture waste, tires, and virtually any other cellulous waste product, into high-grade renewable diesel. Our refineries are being engineered to be the greenest refineries on the planet which will benefit generations to come by being able to convert landfills into renewable fuels."

Cielo's strategic plan calls for building multiple modular refineries around the world, offsetting landfills and other feedstock supplies. Cielo intends to focus initially on building additional refineries in Alberta to fill the Canadian mandated demand for renewable diesel, almost all of which is currently having to be imported into Canada. In the coming months and years, Cielo's goal is to replace as much as possible of the imported mandated demand, which management believes to be about 650 million litres a year, with its high-grade renewable diesel fuel. The renewable diesel that is going to be produced at the company's Aldersyde refinery is forecast to receive approximately a 25-per-cent premium over biodiesel pricing. In addition, as a result of Cielo's feedstock being waste streams, with in some cases negative acquisition costs, versus biodiesel that uses food feedstocks, Cielo's management believes that Cielo will not have to rely on government subsidies to be extremely profitable.

It will be higher grade and lower in sulphur and water, allowing year-round supply and longer shelf life. The refinery will initially be using wood waste as its feedstock that is being acquired pursuant to a multiyear feedstock agreement with Mountainview Eco Products. Mark Haldane, president of Mountainview, commented: "We are pleased to have been selected as the initial supplier of feedstock for Cielo's environmentally friendly Aldersyde refinery. Being able to sell a waste product that is challenging for all North American sawmills and pulp mills to dispose of, makes sense to us both from a business and an environmental standpoint. We continue to be extremely pleased to be a part of

Cielo's strategic plan."
Input and output numbers will be disclosed once Cielo's Aldersyde refinery is up and running on a continuous flow basis. As a result of multiple engineering enhancements that were implemented during construction of the company's continuous flow refinery at Aldersyde, Cielo's management is anticipating at this point in time that the output of high-grade renewable diesel from the company's phase 1 refinery will meet and or exceed the originally contemplated output of 350 litres per hour of high-grade renewable diesel.

About Cielo Waste Solutions Corp.
Cielo Waste Solutions is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (CSE) under the symbol CMC. Cielo holds the exclusive licence for the global rights to a transformational, patent-pending technology engineered to convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. With landfills being one of the world's leading contributors to greenhouse gas emissions and being projected to double in size over the next seven years, Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different garbage-derived feedstocks, including sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue box waste, all plastics and virtually any other cellulous waste product into high-grade renewable diesel.
We seek Safe Harbor.