TRILLION ENERGY INTERNATIONAL ANNOUNCES ACCELERATION OF WARRANT EXPIRY DATE FOR 2021 WARRANTS
Trillion Energy International has elected to accelerate the expiry of its March 2021 Warrants due to the company's share price closing above CAD$0.15 for 10 consecutive trading days.
Sentiment and the balance of points
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Rhea-AI Summary
Trillion Energy International has elected to accelerate the expiry of its March 2021 Warrants due to the company's share price closing above CAD$0.15 for 10 consecutive trading days. As of October 21, 2022, the expiry date for remaining unexercised warrants is set to November 21, 2022. A total of 12,025,997 warrants remain unexercised, with different exercise prices: CAD$0.10, CAD$0.12, US$0.08, and US$0.16. The company focuses on oil and gas production in Turkey and Bulgaria, notably holding significant interests in the SASB field and Cendere oil field.
Positive
- Company shares traded above CAD$0.15 for 10 consecutive days, triggering warrant acceleration.
- 12,025,997 March 2021 Warrants remain unexercised, indicating potential future capital influx.
Negative
- The accelerated expiry of warrants could indicate urgency in capital raising efforts.
Details
News Market Reaction – TRLEF
The recorded move for TRLEF in the trading session of this news was -0.91%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, B.C. , Oct. 21, 2022 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. ("Trillion" or the "Company"”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) announces that it has elected to exercise its right under the terms of the warrant certificates governing the common share purchase warrants of the Company issued during March, 2021 (the "March 2021 Warrants") to accelerate the term of the March 2021 Warrants.
Pursuant to the 2021 March Warrants, in the event the Company's share price closes at a price of CAD
As of October 21, 2022, the closing price of the Company's common shares has traded in excess of CAD
Any March 2021 Warrants that remain unexercised by 5:00 p.m. (Pacific Time) on the Accelerated Expiry Date will expire and be cancelled.
As of October 21, 2022, an aggregate of 12,025,997 of the March 2021 Warrants have yet to be exercised, of which 4,007,917 are exercisable at CAD
About the Company
Trillion is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria. The Company is
Contact
Art Halleran: 1-250-996-4211
Corporate offices: 1-778-819-1585
e-mail: info@trillionenergy.com
Website: www.trillionenergy.com
Cautionary Statement Regarding Forward-Looking Statements
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ
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