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.
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