FAQ on Trillion Energy International Inc.'s Debt Settlement via Share Issuance

What is the main topic of the article?

The article discusses Trillion Energy International Inc.’s decision to settle $386,295.42 in debt by issuing 7,725,908 common shares at $0.05 per share to its directors, officers, and consultants.

Why is this debt settlement significant?

This settlement is significant because it involves a related-party transaction under MI 61-101, with the company relying on exemptions from formal valuation and minority approval requirements, indicating a strategic financial maneuver.

How does the share issuance work?

The company issues common shares at a set price of $0.05 per share to settle the debt, with all shares subject to a four-month-plus-one-day hold period under Canadian securities law.

Who is affected by this share issuance?

Directors, officers, and consultants of Trillion Energy International Inc. are directly affected, as they are the recipients of the shares issued to settle the debt.

When does this share issuance take effect?

The article does not specify an exact effective date, but mentions that all issued shares will be subject to a four-month-plus-one-day hold period.

Where is Trillion Energy International Inc. based?

Trillion Energy International Inc. is focused on oil and natural gas production for Europe and Türkiye, with assets in Türkiye, including the SASB natural gas field and the Cendere oil field.

What are the implications of this debt settlement?

The settlement allows the company to clear its debt without cash outflow, leveraging its equity, but it also dilutes existing shareholders’ equity.

How can investors get more information about Trillion Energy International Inc.?

Investors can find more information on the company’s website, SEDAR, and the InvestorBrandNetwork newsroom dedicated to Trillion Energy International Inc.