Trillion Energy Resolves $101K Debt Through Share Issuance

Trillion Energy International Inc. has announced a debt settlement strategy involving the issuance of 2,237,082 common shares to resolve $101,854.10 in outstanding financial obligations. The transaction includes shares issued to consultants and a company officer, with a standard four-month and one-day trading restriction under Canadian securities regulations.

Of the total shares issued, 573,002 were allocated to an officer for management services, categorized as a related-party transaction. The company has carefully structured the share issuance to comply with regulatory requirements, utilizing exemptions from formal valuation and minority shareholder approval processes.

This debt settlement approach allows Trillion Energy to manage its financial liabilities while preserving cash resources. By converting debt to equity, the company can potentially reduce its cash expenditures and maintain financial flexibility. The transaction's structure, which keeps insider participation below 25% of market capitalization, demonstrates a measured approach to corporate financial management.

The company, focused on oil and natural gas production in Europe and Türkiye, continues to manage its assets strategically, including its 49% interest in the SASB natural gas field in the Black Sea and a 19.6% stake in the Cendere oil field. Such financial maneuvers reflect the company's ongoing efforts to optimize its capital structure and operational efficiency.