VANCOUVER, British Columbia and ANKARA, Turkey, March 31, 2021 (GLOBE NEWSWIRE) – Trillion Energy International Inc. (the “company” Where “A thousand billion“) (CSE: TCF; OTC: TCFF; Frankfurt 3P2N) is pleased to announce that it has settled a total of $ 749,771.20 of outstanding debt through the issuance to certain creditors of 1,874,428 common shares of the Company’s capital (the “Ordinary actions“), at a deemed issue price of $ 0.40 per common share (the”Debt settlement“).
Securities issued under the Debt Settlement will be subject to a 4 month holding period in accordance with applicable securities laws.
About the Company
Trillion is a Canadian natural gas and oil producer focused on the international market with several oil and gas assets in Turkey and Bulgaria. The Company owns 49% of the SASB natural gas field, one of the first and largest natural gas development projects in the Black Sea, which has invested US $ 608 million to date and produced US $ 41 billion. cubic feet “BCF” of natural gas. Gas produced at SASB is sold at bargain prices ranging from US $ 6 / MCF to US $ 7.80 / MCF – a substantial premium in the European and North American markets. Trillion’s portfolio of oil and gas assets also includes: a 19.6% interest (excluding three wells with 9.8%) in the Cendere oil field; a 100% stake in a 42,833 hectare oil exploration block covering the northern extension of the prolific Iraq / Zagros basin; and in Bulgaria, the Vranino 1-11 block, a future unconventional natural gas property.
For aerial video footage of the Company’s oilfield infrastructure, please visit our website: www.trillionenergy.com. For more information, please visit our website: www.trillionenergy.com or email us: [email protected] or call Arthur Halleran, CEO, + 1-250-996-4211.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements, which are based on current expectations, estimates and projections regarding the business and prospects of the Company, as well as on the beliefs of management and certain assumptions made by management. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “research”, “estimates”, “could”, “should”, “want” and variations of these words are intended to identify forward-looking statements. These statements are only valid as of the date hereof and are subject to change. The Company assumes no obligation to publicly revise or update any forward-looking statements for any reason, except as required by applicable securities laws. Readers are cautioned that these forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from forward-looking statements due to various factors, including , but not limited to,
fluctuations in market prices, the potential impact on the market of its securities, expansion and business strategies, anticipated growth opportunities, equity market conditions, including, without limitation, impact of the COVID-19 pandemic, general economic, market or business conditions, amount of fundraising needed to meet business goals, fluctuations in SASB gas prices, unforeseen regulatory challenges in terms of securities, operational and geological risks, the Company’s ability to raise the funds necessary for exploration, the outcome of commercial negotiations, changes in conditions, the cost of gas and oil extraction may be too expensive so that it is neither profitable nor profitable to do so and other factors discussed from time to time in the records of the Securities and Exchange Commission of the Company and the risks set forth in ns the Company’s public documents filed on SEDAR, including the most recent annual report filed on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results could differ materially and adversely from those expressed in forward-looking statements due to various factors. There can be no assurance that any such information will prove to be accurate and, therefore, readers are urged to rely on their own assessment of these uncertainties.
The CSE accepts no responsibility for the adequacy or accuracy of this release.
