Cielo Extends Proxy Voting Deadline for Virtual AGM

Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) has announced an extension of the proxy voting deadline for its upcoming virtual Annual General Meeting (AGM), set to take place on Tuesday, October 29, 2024. This decision aims to provide shareholders with additional time to vote, fostering greater participation and engagement in the meeting.

The extended deadline, now set for Monday, October 28, 2024, at 2 p.m. MT, allows shareholders more time to cast their votes in advance of the AGM. This move encourages shareholders to vote by proxy, enabling a more efficient AGM and facilitating better decision-making.

The extension of the proxy voting deadline has several implications for shareholder participation and the overall voting process. First, it increases the likelihood of shareholder engagement, as more time is available for shareholders to review and vote on proposals. This enhanced participation can lead to a more representative and informed decision-making process at the AGM. Second, the extension allows management to gauge support for proposals more accurately, enabling them to allocate resources more effectively in their efforts to secure shareholder approval.

The extension of the proxy voting deadline also impacts the cost and efficiency of proxy voting for both the company and shareholders. By encouraging shareholders to vote in advance, the company can reduce the need for last-minute communication and coordination. This efficiency can result in cost savings for both parties, as well as a more streamlined voting process. Additionally, the virtual nature of the AGM itself offers cost savings and environmental benefits, as it eliminates the need for travel and reduces the carbon footprint associated with in-person meetings.

In conclusion, Cielo's extension of the proxy voting deadline for its virtual AGM is a strategic move that fosters greater shareholder engagement, enhances the decision-making process, and promotes cost savings and environmental benefits. As the company continues to advance its mission in the wood by-product-to-fuels industry, this proactive approach to shareholder communication and engagement is essential for driving long-term success.