Trillion Energy Announces Debt Settlements
From GlobeNewswire: 2025-05-30 20:00:00
Trillion Energy International Inc. plans to issue 2,237,082 common shares to settle a debt of $101,854.10 owed to consultants and an officer. Additionally, 573,002 common shares are being issued for management services by an officer, considered a related-party transaction. The Company has exemptions from formal valuation and minority shareholder approval requirements for the related-party participation. Trillion Energy focuses on oil and natural gas production in Europe and Türkiye, owning assets in the SASB natural gas field and the Cendere oil field. Forward-looking statements in the news release caution about risks and uncertainties, including regulatory approval challenges and oil and gas price fluctuations.
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