FAQ on Trillion Energy International Inc.'s Debt Settlement and Extension Approval
Summary
Trillion Energy International Inc. has secured debentureholder approval for extending the maturity date of its convertible debentures to July 31, 2025, and settling accrued interest through the issuance of common shares, alongside plans to settle consultant debt with shares, all pending regulatory approvals.
What has Trillion Energy International Inc. announced regarding its convertible debentures?
Trillion Energy International Inc. announced that debentureholders have approved amendments to extend the maturity date of its 12.0% convertible debentures from April 30, 2025, to July 31, 2025, and to settle $899,940 in accrued interest through the issuance of 27,270,910 common shares at $0.033 per share.
How will the accrued interest be settled?
The accrued interest of $899,940 will be settled through the issuance of 27,270,910 common shares at $0.033 per share, subject to regulatory approvals.
What additional compensation will debentureholders receive?
Debentureholders will receive an $85,000 extension fee in shares as part of the approval for the amendments.
Are there any other share issuances planned by Trillion Energy?
Yes, Trillion Energy plans to issue 1,735,000 shares to settle $57,255 of consultant debt, also subject to regulatory approvals.
Where can I find more information about Trillion Energy International Inc.?
More information about Trillion Energy International Inc. can be found on www.sedar.com and the company’s website.
What is the focus of Trillion Energy International Inc.?
Trillion Energy is focused on oil and natural gas production for Europe and Türkiye, with natural gas assets in Türkiye, including a 49% interest in the SASB natural gas field and a 19.6% interest in the Cendere oil field.
Where can investors find the latest news and updates about Trillion Energy?
The latest news and updates relating to Trillion Energy are available in the company’s newsroom at https://ibn.fm/TRLEF.
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