12:58 PM EDT, 08/18/2025 (MT Newswires) -- Cielo Waste Solutions ( CWSFF ) on Monday said it closed a second and final tranche of a non-brokered private placement of share units.

The final tranche included 4.7-million units priced at C$0.05 each, raising $235,000. Each unit consists of a share and a two-year warrant exercisable to buy a second share for $0.07.

Together with the first tranche, Cielo has now issued a total of 22.43-million units raising $1.12 million.

Proceeds are anticipated to be used for the development and early-stage engineering of the a proposed waste-to-hydrogen facility in British Columbia, including regulatory and incentive application work, as well as for working capital.

Cielo shares were last seen up $0.005 to $0.06 on the TSX Venture Exchange.