Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) has effectively managed a portion of its financial liabilities by issuing 7,725,908 common shares at $0.05 per share to settle $386,295.42 in debt owed to directors, officers, and consultants. This transaction notably includes a related-party component, with 3.9 million shares allocated to management, executed under the exemptions provided by MI 61-101, as the transaction's value falls below the 25% threshold of the company's market capitalization. The issued shares are bound by a four-month-plus-one-day hold period, in compliance with Canadian securities regulations.
This strategic financial maneuver reflects Trillion Energy's commitment to addressing its obligations while strictly adhering to the legal and regulatory standards governing such transactions. The company, which specializes in oil and natural gas production across Europe and Türkiye, demonstrates its ability to navigate the complexities and dynamics of the energy sector. For more information, the detailed announcement can be accessed here.
