Trillion Energy (CSE: TCF) (OTCQB: TRLEF) has announced plans to settle $101,854.10 in outstanding debt by issuing 2,237,082 common shares to consultants and an officer of the company. The shares will carry a hold period of four months and one day in accordance with Canadian securities laws. The settlement includes 573,002 shares issued to an officer for management services, classified as a “related-party transaction” under Multilateral Instrument 61-101. The company is relying on available exemptions from formal valuation and minority shareholder approval requirements, as the value of insider participation remains below 25% of its market capitalization.
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About Trillion Energy International Inc.
Trillion Energy is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The company holds a 49% interest in the SASB natural gas field, a Black Sea natural gas development and 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The company also is pursuing oil exploration in S.E. Turkiye and beyond. More information may be found on www.sedar.com and the company’s website.
NOTE TO INVESTORS: The latest news and updates relating to TRLEF are available in the company’s newsroom at https://ibn.fm/TRLEF
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