Trillion Energy Settles $386,295 Debt Through Share Issuance to Management and Consultants
TL;DR
Trillion Energy settles $386,295.42 in debt by issuing shares at $0.05, offering investors a potential entry point into its European and Türkiye energy ventures.
Trillion Energy issues 7,725,908 shares at $0.05 to settle debt, utilizing exemptions for 3.9 million shares to management under MI 61-101, with a four-month hold.
Trillion Energy's strategic focus on oil and natural gas in Europe and Türkiye aims to enhance energy security and support regional economic growth.
Discover how Trillion Energy leverages its 49% interest in the SASB natural gas field to fuel Europe and Türkiye's energy needs.
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Trillion Energy International Inc. has settled $386,295.42 in outstanding debt through the issuance of 7,725,908 common shares at a price of $0.05 per share to company directors, officers, and consultants. This strategic financial maneuver represents a significant step in the company's debt management strategy while maintaining regulatory compliance. The transaction includes a substantial related-party component, with 3.9 million shares allocated to management personnel, representing approximately half of the total shares issued in this settlement arrangement.
The company executed this transaction under Multilateral Instrument 61-101 exemptions, which apply when the transaction value falls below 25% of the company's market capitalization. This regulatory framework provides specific guidelines for protecting security holders in special transactions, particularly those involving related parties. All shares issued through this settlement are subject to a standard four-month-plus-one-day hold period as mandated by Canadian securities law, ensuring proper market integration and compliance with trading restrictions.
Trillion Energy International, trading under symbols CSE: TCF and OTCQB: TRLEF, maintains its focus on oil and natural gas production operations primarily concentrated in European markets and Türkiye. The company's approach to debt settlement through equity issuance reflects broader industry trends where energy companies balance financial obligations with strategic capital management. This method allows the organization to conserve cash resources while addressing outstanding liabilities, particularly important in the volatile energy sector where operational costs and market conditions can fluctuate significantly.
The transaction details and comprehensive corporate information remain accessible through the company's official profile available at https://ibn.fm/Vttps. This settlement arrangement demonstrates how junior energy companies navigate financial challenges while maintaining regulatory compliance and managing stakeholder relationships. The use of equity for debt settlement represents a calculated approach to balance sheet management, particularly relevant for companies operating in capital-intensive industries like energy production and exploration.
Curated from InvestorBrandNetwork (IBN)

