Up Or Down? Cielo Waste Solutions Corp (OTCMKTS:CWSFF) (CVE:CMC)

Cielo Waste Solutions Corp (OTCMKTS:CWSFF) (CVE:CMC) is trading slightly lower in the mid-day session on Tuesday after the news.

Market Action

As of 1:59, CWSFF stock moved down by 1.11% at $0.7466. The stock has traded 252K shares, compared to  its average volume of 676K shares.  The stock opened at $0.7523 and moved in a range of $0.7299 – 0.7810.

Major Trigger:

Cielo Receives Conditional Approval to List on the TSX Venture Exchange

Key Highlights:

• CWSFF announce that it has received conditional approval to list its common shares on the TSX Venture Exchange (“TSXV”), subject to fulfilment of certain conditions.
• The Company will make a further announcement once the TSXV has issued a bulletin confirming the date on which trading on the TSXV will commence. The Company will also apply to have its common shares voluntarily delisted from the Canadian Securities Exchange (“CSE”) immediately before trading begins on the TSXV.
• Once listed on the TSXV, the Company will continue to trade under its existing symbol “CMC” and shareholders will not be required to take any action related to the listing. The Company’s shares will also continue to be listed on the OTCQB under the symbol “CWSFF”. Cielo anticipates the listing to be completed shortly.

Key Quote:

Don Allan, CEO, commented: “We are excited to begin trading on the TSXV, a globally recognized exchange. The move to the TSXV will increase Cielo’s presence and provide easier access and trading to investors globally. We would like to thank the CSE for their continued support over the years and look forward to our new relationship with all those involved with the TSXV.”