Trillion Energy International Inc. Completes Debt Settlement with Share Issuance

Trillion Energy International Inc. has finalized a debt settlement by issuing 2,237,082 common shares to cover $101,854.10 in outstanding obligations. This transaction, in accordance with Canadian securities laws, includes a four-month and one-day hold period on the shares. Notably, 573,002 of these shares were issued to an officer for management services, classified as a related-party transaction under Multilateral Instrument 61-101. The company has leveraged exemptions from the formal valuation and minority shareholder approval processes, permissible since the insider's involvement does not exceed 25% of the company's market capitalization.

This strategic financial maneuver enables Trillion Energy to address its liabilities without depleting its cash reserves, a critical consideration for the company's operational sustainability. Specializing in oil and natural gas production across Europe and Türkiye, Trillion Energy holds significant interests in key energy projects, including a 49% stake in the SASB natural gas field located in the Black Sea and a 19.6% interest in the Cendere oil field. The issuance of shares as a means to settle debt reflects a broader trend among publicly traded companies to utilize equity transactions as a tool for financial management, balancing the reduction of debt with the need to fund ongoing operations.

For more information on Trillion Energy International Inc. and its projects, visit https://www.trillionenergy.com.