Trillion Energy (CSE: TCF) (OTCQB: TRLEF) announced that holders of its 12.0% convertible debentures have approved amendments including the extension of the maturity date from April 30, 2025, to July 31, 2025, and settlement of $899,940 in accrued interest through the issuance of 27,270,910 common shares at $0.033 per share. Debentureholders will also receive an $85,000 extension fee in shares. Separately, the company plans to issue 1,735,000 shares to settle $57,255 of consultant debt. All share issuances are subject to regulatory approvals.
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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.
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