Trillion Energy Settles $386,295 Debt Through Share Issuance to Management and Consultants

Trillion Energy International Inc. has announced the settlement of $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 ongoing efforts to manage its financial obligations while maintaining regulatory compliance. The transaction includes a substantial related-party component, with 3.9 million shares being issued directly to management personnel, highlighting the company's approach to internal financial restructuring.

The company executed this transaction under MI 61-101 exemptions, which apply when the value of related-party transactions falls below 25% of the company's market capitalization. This regulatory framework allows companies to proceed with certain transactions without requiring formal minority shareholder approval, provided specific conditions are met. All shares issued as part of this debt settlement are subject to a standard four-month-plus-one-day hold period as mandated by Canadian securities law, ensuring proper market regulation and investor protection.

Trillion Energy International, which trades on the Canadian Securities Exchange under the symbol TCF and on the OTCQB market as TRLEF, maintains its focus on oil and natural gas production operations primarily concentrated in Europe and Türkiye. The company's strategic decision to convert debt to equity rather than pursuing cash settlements reflects current market conditions and the broader challenges facing energy sector companies globally. This approach allows the company to preserve cash resources while addressing financial obligations to key personnel and service providers.

The transaction demonstrates Trillion Energy's commitment to navigating the complex regulatory landscape while managing its capital structure effectively. Interested parties can access comprehensive details about this announcement through the company's official profile available at https://ibn.fm/Vttps. This debt-to-equity conversion represents a practical solution for managing corporate liabilities while maintaining operational focus in the competitive energy production sector, particularly as companies adapt to evolving market dynamics and regulatory requirements across international jurisdictions.