Trillion Energy International Secures Debentureholder Approval for Debt Restructuring

Trillion Energy International has successfully negotiated a debt restructuring plan with its convertible debentureholders, securing critical financial flexibility for the company's ongoing operations. The approved amendments include an extension of the current debt maturity date and a creative approach to settling outstanding interest obligations.

The company's debentureholders have agreed to extend the maturity date of the 12.0% convertible debentures from April 30, 2025, to July 31, 2025. As part of the restructuring, Trillion Energy will issue 27,270,910 common shares at $0.033 per share to settle $899,940 in accrued interest. Additionally, debentureholders will receive an $85,000 extension fee, also to be paid in shares.

Beyond the debenture restructuring, Trillion Energy plans to issue 1,735,000 shares to settle $57,255 of consultant debt. All proposed share issuances remain subject to regulatory approvals, highlighting the company's commitment to transparent and compliant financial management.

This debt restructuring strategy reflects Trillion Energy's proactive approach to managing its financial obligations while preserving capital. By leveraging share issuance to settle debt, the company can maintain its cash reserves and continue focusing on its core business of oil and natural gas production in Europe and Türkiye.

The company currently holds a 49% interest in the SASB natural gas field in the Black Sea and a 19.6% interest in the Cendere oil field. These strategic assets position Trillion Energy to continue its exploration and production activities in the region, potentially benefiting from ongoing energy market dynamics.

The debt restructuring demonstrates the company's financial adaptability and its ability to negotiate favorable terms with stakeholders. By extending debt maturity and utilizing share issuance as a settlement mechanism, Trillion Energy is managing its financial challenges while maintaining operational momentum in the competitive energy sector.