Trillion Energy International Inc. Settles $386K Debt Through Share Issuance

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) has announced a strategic move to settle $386,295.42 in debt by issuing 7,725,908 common shares at $0.05 per share to its directors, officers, and consultants. This decision underscores the company's approach to managing its financial obligations while adhering to regulatory requirements. Notably, 3.9 million of these shares are allocated to management in a related-party transaction, which falls under MI 61-101 provisions. The company has utilized exemptions from formal valuation and minority approval processes, justified by the insider portion constituting less than 25% of its market capitalization.

All issued shares will be subject to a four-month-plus-one-day hold period in compliance with Canadian securities law, ensuring a regulated transition. This financial maneuver is part of Trillion Energy's broader strategy to maintain liquidity and operational flexibility. The company, focused on oil and natural gas production in Europe and Türkiye, continues to explore opportunities in these regions, including its interests in the SASB natural gas field and the Cendere oil field. For further details, interested parties can visit https://ibn.fm/Vttps and https://www.sedar.com.