Trillion Energy Secures Debt Settlement and Maturity Extension Through Shareholder Approval

Trillion Energy International Inc. has received approval from its debentureholders for a significant financial restructuring strategy that extends the maturity date of its convertible debentures and addresses accrued interest through share issuances.

The approved amendments include extending the current debenture maturity date from April 30, 2025, to July 31, 2025, providing the company additional time to manage its financial commitments. As part of the agreement, the company will issue 27,270,910 common shares at $0.033 per share to settle $899,940 in accrued interest, demonstrating a creative approach to debt management.

Additionally, debentureholders will receive an $85,000 extension fee in shares, further aligning stakeholder interests with the company's financial strategy. Separately, Trillion Energy plans to issue 1,735,000 shares to resolve $57,255 of consultant debt, showcasing a comprehensive approach to managing outstanding financial obligations.

For human resources and finance professionals, this development highlights the importance of flexible debt restructuring strategies. By negotiating share-based settlements, the company can preserve cash reserves while maintaining positive relationships with creditors and consultants. The approach demonstrates adaptable financial management that can help organizations navigate challenging economic environments.

All proposed share issuances remain subject to regulatory approvals, underscoring the company's commitment to compliance and transparent financial practices. This strategic maneuver provides Trillion Energy with increased financial flexibility as it continues its focus on oil and natural gas production in Europe and Türkiye.