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 energy 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. These transactions represent a strategic approach to debt management that preserves cash resources while maintaining positive relationships with financial stakeholders. The share-based settlement method allows the company to conserve capital for operational needs and investment opportunities.

Separately, Trillion Energy plans to issue 1,735,000 shares to resolve $57,255 of consultant debt. All share issuances are contingent upon receiving necessary regulatory approvals, which the company expects to secure in the coming weeks. This comprehensive debt restructuring demonstrates the company's commitment to financial stability while pursuing its energy development objectives in Europe and Türkiye.

Trillion Energy maintains significant interests in key energy assets, including a 49% interest in the SASB natural gas field in the Black Sea and a 19.6% interest in the Cendere oil field. The successful debt restructuring provides the company with enhanced financial flexibility to continue development of these assets while navigating the complex energy market environment. The approval from debentureholders reflects confidence in the company's strategic direction and its ability to manage financial obligations effectively.

The financial amendments come at a critical time for energy companies operating in European markets, where capital preservation and strategic debt management have become increasingly important. By converting debt obligations to equity, Trillion Energy reduces its immediate cash outflows while aligning the interests of debentureholders with the company's long-term success. This approach represents a pragmatic solution to balance sheet management that could serve as a model for other energy companies facing similar financial challenges.