Trillion Energy Secures Debentureholder Approval for Financial Restructuring

Trillion Energy International Inc. has successfully obtained approval from holders of its 12.0% convertible debentures for key financial amendments. The company's debentureholders have agreed to extend the maturity date of their current financial instrument from April 30, 2025, to July 31, 2025. This extension provides the company with additional time to manage its financial obligations while continuing operations in its core markets.

As part of the approved changes, the company will settle $899,940 in accrued interest by issuing 27,270,910 common shares at a price of $0.033 per share. Additionally, debentureholders will receive an $85,000 extension fee in the form of shares. Separately, Trillion Energy plans to issue 1,735,000 shares to resolve $57,255 of consultant debt. These share issuances are contingent upon receiving necessary regulatory approvals. The strategic debt management approach allows the company to restructure its financial obligations while preserving cash resources for ongoing operations and development projects.

Trillion Energy is primarily focused on oil and natural gas production in Europe and Türkiye. The company holds a 49% interest in the SASB natural gas field in the Black Sea and a 19.6% interest in the Cendere oil field. This debt settlement demonstrates the company's ongoing efforts to maintain financial flexibility while pursuing its exploration and production objectives in the region. The successful restructuring provides Trillion Energy with improved liquidity and operational stability during a period of global energy market volatility.

The conversion of debt obligations into equity represents a strategic move to strengthen the company's balance sheet without depleting cash reserves. This approach is particularly important for energy companies operating in international markets where capital preservation is crucial for long-term sustainability. The extended maturity date gives Trillion Energy additional runway to execute its business strategy and potentially benefit from improving energy market conditions. The company's focus on European and Turkish energy assets positions it to capitalize on regional energy demand while managing financial obligations through strategic restructuring initiatives.