TRLEF - MiningNewsBreaks - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Issues Shares to Settle $204K in Debt
2025-02-27 10:43:42 ET
Trillion Energy (CSE: TCF) (OTCQB: TRLEF) announced the issuance of 3,516,493 common shares to settle $204,436.07 in outstanding debt owed to directors, officers, and consultants. As part of the settlement, 1,209,413 shares were issued for 2024 directors’ fees and management services. Interim CEO and Chairman Sean Stofer emphasized the move as a show of confidence in Trillion’s ongoing efforts to recommence drilling and workovers. The insider transactions fell under exemptions in MI 61-101, as their value did not exceed 25% of the company’s 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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