Trillion Energy Announces Extension to Expiry Date of Debenture Indenture and Completion of Shares for Debt Settlement
Trillion Energy (OTCQB: TRLEF) has announced two significant updates to its financial arrangements. First, the company has secured approval from debenture holders to extend the maturity date of its $15 million convertible debentures from July 31, 2025, to October 31, 2025. The debentures will continue to bear a 12% annual interest rate payable in cash.
Additionally, the company has completed a shares-for-debt settlement, issuing 7,725,908 common shares at $0.05 per share to settle $386,295.42 in debt owed to directors, officers, and consultants. Of these, 3,900,000 shares were issued to company insiders for management services.
Trillion Energy (OTCQB: TRLEF) ha annunciato due importanti aggiornamenti riguardanti le sue disposizioni finanziarie. In primo luogo, la società ha ottenuto l'approvazione dai detentori di obbligazioni convertibili per estendere la scadenza delle sue obbligazioni convertibili da 15 milioni di dollari dal 31 luglio 2025 al 31 ottobre 2025. Le obbligazioni continueranno a maturare un tasso d'interesse annuo del 12% pagabile in contanti.
Inoltre, la società ha completato un accordo di conversione debito-in-azioni, emettendo 7.725.908 azioni ordinarie a 0,05 dollari per azione per saldare un debito di 386.295,42 dollari verso direttori, dirigenti e consulenti. Di queste, 3.900.000 azioni sono state assegnate a membri interni dell'azienda per servizi di gestione.
Trillion Energy (OTCQB: TRLEF) ha anunciado dos actualizaciones importantes en sus acuerdos financieros. Primero, la compañía ha obtenido la aprobación de los tenedores de bonos convertibles para extender la fecha de vencimiento de sus bonos convertibles por 15 millones de dólares del 31 de julio de 2025 al 31 de octubre de 2025. Los bonos seguirán generando un interés anual del 12% pagadero en efectivo.
Además, la compañía ha completado un acuerdo de conversión de deuda en acciones, emitiendo 7.725.908 acciones ordinarias a 0,05 dólares por acción para saldar una deuda de 386.295,42 dólares con directores, oficiales y consultores. De estas, 3.900.000 acciones se emitieron a miembros internos de la empresa por servicios de gestión.
Trillion Energy (OTCQB: TRLEF)는 금융 약정에 대한 두 가지 주요 업데이트를 발표했습니다. 먼저, 회사는 전환사채 보유자들로부터 1,500만 달러 규모의 전환사채 만기일을 2025년 7월 31일에서 2025년 10월 31일로 연장하는 승인을 받았습니다. 이 전환사채는 계속해서 연 12%의 이자율이 현금으로 지급됩니다.
또한, 회사는 부채를 주식으로 상환하는 거래를 완료하여, 이사, 임원 및 컨설턴트에게 지급해야 할 386,295.42 달러의 부채를 해결하기 위해 주당 0.05달러에 7,725,908주의 보통주를 발행했습니다. 이 중 3,900,000주는 경영 서비스 제공을 위해 회사 내부 인사에게 발행되었습니다.
Trillion Energy (OTCQB : TRLEF) a annoncé deux mises à jour importantes concernant ses arrangements financiers. Tout d'abord, la société a obtenu l'approbation des détenteurs d'obligations convertibles pour prolonger la date d'échéance de ses obligations convertibles de 15 millions de dollars du 31 juillet 2025 au 31 octobre 2025. Ces obligations continueront à porter un taux d'intérêt annuel de 12% payable en espèces.
De plus, la société a finalisé un accord de règlement dette contre actions, émettant 7 725 908 actions ordinaires à 0,05 $ par action pour régler une dette de 386 295,42 $ envers des administrateurs, dirigeants et consultants. Parmi celles-ci, 3 900 000 actions ont été attribuées à des initiés de la société pour des services de gestion.
Trillion Energy (OTCQB: TRLEF) hat zwei bedeutende Aktualisierungen seiner finanziellen Vereinbarungen bekannt gegeben. Zunächst hat das Unternehmen die Zustimmung der Inhaber der Wandelanleihen erhalten, das Fälligkeitsdatum seiner 15 Millionen US-Dollar Wandelanleihen vom 31. Juli 2025 auf den 31. Oktober 2025 zu verlängern. Die Anleihen werden weiterhin einen jährlichen Zinssatz von 12% in bar zahlen.
Zusätzlich hat das Unternehmen eine Schuld-zu-Aktien-Vergleichsvereinbarung abgeschlossen und 7.725.908 Stammaktien zu einem Preis von 0,05 US-Dollar pro Aktie ausgegeben, um 386.295,42 US-Dollar an Schulden gegenüber Direktoren, Führungskräften und Beratern zu begleichen. Davon wurden 3.900.000 Aktien an Unternehmensinsider für Managementdienstleistungen ausgegeben.
- None.
- Dilution of existing shareholders through issuance of 7,725,908 new shares
- Significant insider participation in debt settlement (3,900,000 shares)
- Continued high-interest debt burden at 12% annual rate
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - Trillion Energy International Inc (CSE: TCF) (OTCQB: TRLEF) ("Trillion" or the "Company") announces that further to its news release dated April 25, 2025 and in accordance with the terms of a debenture indenture entered into between the Company and Odyssey Trust Company ("Odyssey") dated April 20, 2023 (the "Base Indenture") as supplemented by the first supplemental debenture indenture dated as of September 14, 2023 and a second supplemental debenture indenture dated as of April 23, 2025 (together with the Base Indenture, the "Indenture"), governing the
Debt Settlements
The Company also announces that further to its news release dated June 27, 2025, the Company has issued an aggregate of 7,725,908 common shares of the Company at
In connection with the Debt Settlement, an aggregate of 3,900,000 common shares of the Company were issued for certain management services from directors and officers of the Company (the "Insider Settlement"). The Insider Settlement is considered a "related-party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Debt Settlement based on that the fair market value of such insider participation does not exceed
About the Company
Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company is
Contact
Sean Stofer, Chairman
Brian Park, VP of Finance
1-778-819-1585
E-mail: info@trillionenergy.com
Website: www.trillionenergy.com
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company's ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.
These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company's filings on www.sedarplus.ca, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedarplus.ca, and or request a copy of our reserves report effective December 31, 2024 and filed on April 25, 2025.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260471
FAQ
What is the new maturity date for TRLEF's convertible debentures?
How many shares did Trillion Energy (TRLEF) issue in the debt settlement?
What is the total value of debt settled by TRLEF through share issuance?
What is the interest rate on TRLEF's extended convertible debentures?
When do the newly issued TRLEF shares become freely tradeable?
