Trillion Energy (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a company focused on oil and natural-gas production for Europe and Türkiye, has upsized the nonbrokered private placement it announced previously. According to the company, the private placement will comprise up to 30 million units at a price of $0.09 per unit; the placement could result in an estimated $2.7 million in gross proceeds. In addition, Trillion Energy noted that it has closed the remaining tranches of the offering. “Each unit is comprised of one common share of the company and one share purchase warrant, with each warrant exercisable at a price of $0.18 per share for a period of two years from issuance,” said the company in the press release. “Combined with the closing of the first four tranches, the company has now issued an aggregate of 27,197,863 units and raised an aggregate of gross proceeds of $2,447,807.67 in the offering. The company has also issued an aggregate of 6,594,590 units and 1,009,388 shares in settlement of debt owed by the company in the aggregate amount of $687,733.32.”
To view the full press release, visit https://ibn.fm/rHXBD
About Trillion Energy International Inc.
Trillion Energy is focused on oil and natural-gas production for Europe and Türkiye with natural gas assets in Türkiye. The company is 49% owner of the SASB natural gas field, a Black Sea natural-gas development and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The company has a farmin to earn 50% interest in three oil exploration blocks in S.E. Türkiye. For more information, visit the company’s website at www.TrillionEnergy.com.
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