FAQ: Trillion Energy International Inc. Settles Debt with Share Issuance Including Insider Participation
Summary
What is Trillion Energy International Inc. planning to do with its outstanding debt?
Trillion Energy International Inc. plans to settle $101,854.10 in outstanding debt by issuing 2,237,082 common shares to consultants and an officer of the company.
How long is the hold period for the shares issued by Trillion Energy International Inc.?
The shares issued by Trillion Energy International Inc. will carry a hold period of four months and one day in accordance with Canadian securities laws.
What is the significance of the shares issued to an officer of Trillion Energy International Inc.?
The issuance of 573,002 shares to an officer for management services is classified as a ‘related-party transaction’ under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements.
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 are the latest news and updates relating to TRLEF?
The latest news and updates relating to TRLEF are available in the company’s newsroom at https://ibn.fm/TRLEF.
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