{"id":81597,"date":"2024-06-20T01:08:05","date_gmt":"2024-06-20T01:08:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/trillion-energy-announces-closings-of-its-non-brokered-private-placement\/"},"modified":"2024-06-20T01:08:05","modified_gmt":"2024-06-20T01:08:05","slug":"trillion-energy-announces-closings-of-its-non-brokered-private-placement","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/trillion-energy-announces-closings-of-its-non-brokered-private-placement\/","title":{"rendered":"TRILLION ENERGY ANNOUNCES CLOSINGS OF ITS NON-BROKERED PRIVATE PLACEMENT"},"content":{"rendered":"
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Vancouver, B.C., June 19, 2024 (GLOBE NEWSWIRE) — Trillion Energy International Inc. <\/strong>(“Trillion<\/strong>” or the “Company<\/strong>“) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) wishes to announce that further to the Company’s news release dated June 6, 2024 announcing the upsizing of its non-brokered private placement to 30,000,000 units (the “Units<\/strong>“) at a price of $0.09 per Unit, for aggregate gross proceeds of up to a maximum of $2,700,000 (the “Offering<\/strong>“), the Company has closed two additional tranches of the Offering. Each Unit is comprised of one common share of the Company (each, a “Share<\/strong>“) and one share purchase warrant (each, a “Warrant<\/strong>“), with each Warrant exercisable at a price of $0.18 per share for a period of two years from issuance (please see the Company’s news releases dated May 23, 2024, May 27, 2024 and June 6, 2024 for further details).<\/p>\n

Combined with the closing of the first two tranches, the Company has now issued an aggregate of 23,169,852 Units and raised an aggregate of gross proceeds of $2,085,286.68 in the Offering.<\/p>\n

The Warrants include an acceleration provision whereby if the Company’s Shares trade at a price equal to or greater than $0.35 for a period of seven (7) consecutive trading days, Trillion may accelerate the expiry of the Warrants.<\/p>\n

Trillion may pay a cash finder’s fee to qualified non-related parties of up to 7% of the gross proceeds of the Offering and issue a number of broker warrants (“Broker Warrants<\/strong>“) that is up to 7% of the number of Units sold pursuant to the Offering. Each Broker Warrant will entitle the holder to one (1) Share and is exercisable at a price of $0.09 per share for a period of two (2) years from the date of issuance.<\/p>\n

Third Tranche Closing<\/u><\/strong><\/p>\n

Trillion has closed the third tranche of the Offering. The Company issued an aggregate of 1,532,478 Units on June 10, 2024 (the “Third Tranche<\/strong>“) at a price of $0.09 per Unit for total gross proceeds of $137,923.02.\u00a0\u00a0 Trillion paid an aggregate of $3,518.55 in cash finders’ fees and issued an aggregate of 39,095 Broker Warrants. The Broker Warrants are non-transferable and are exercisable at $0.09 per share for a period of two years from the date of issuance. The Shares, Warrants and Broker Warrants issued in connection with the Third Tranche closing are subject to a hold period until October 11, 2024.<\/p>\n

Fourth Tranche Closing<\/u><\/strong><\/p>\n

Trillion has closed the fourth tranche of the Offering. The Company issued an aggregate of 2,262,778 Units on June 19, 2024 (the “Fourth Tranche<\/strong>“) at a price of $0.09 per Unit for total gross proceeds of $203,650.02. In connection with the Fourth Tranche closing, Trillion paid an aggregate of $5,481 in cash finders’ fees and issued an aggregate of 60,900 Broker Warrants. The Broker Warrants are non-transferable and are exercisable at $0.09 per share for a period of two years from the date of issuance.\u00a0\u00a0 The Shares, Warrants and Broker Warrants issued in connection with the Fourth Tranche closing are subject to a hold period until October 20, 2024.<\/p>\n

Final Closing is expected to occur at the end of the week.<\/p>\n

About<\/strong> the<\/strong> Company<\/strong><\/p>\n

Trillion Energy International Inc. is focused on oil and natural gas production for Europe and T\u00fcrkiye with natural gas assets in T\u00fcrkiye. 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 3 oil exploration blocks in S.E. Turkiye. More information may be found on www.sedarplus.c<\/u><\/a>a<\/u>, and our website.<\/p>\n

Contact<\/strong>
Brian Park
Corporate Finance
1 403 701 3272
e-mail: info@trillionenergy.com;<\/u><\/a>
Website: www.trillionenergy.com<\/u><\/a><\/p>\n

Cautionary<\/strong> Statement<\/strong> Regarding<\/strong> Forward-Looking<\/strong> Statements<\/strong><\/p>\n

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the closing of the<\/em> Offering, the use of proceeds, and the Company’s ability to obtain necessary approvals from the CSE. All statements included herein, other than statements<\/em> of<\/em> historical<\/em> fact,<\/em> are<\/em> forward-looking<\/em> information<\/em> and<\/em> such<\/em> information<\/em> involves<\/em> various<\/em> risks<\/em> and<\/em> uncertainties.<\/em> Trillion<\/em> does<\/em> not<\/em> undertake<\/em> to<\/em> update<\/em> any<\/em> forward-<\/em> looking information except in accordance with applicable securities laws.<\/em><\/p>\n

These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are<\/em> difficult<\/em> to<\/em> predict<\/em> and<\/em> which<\/em> may<\/em> change<\/em> over<\/em> time.<\/em> Accordingly,<\/em> actual<\/em> results<\/em> and<\/em> strategies<\/em> could<\/em> differ<\/em> materially<\/em> and<\/em> adversely<\/em> from<\/em> those<\/em> expressed<\/em> in<\/em> any<\/em> forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, oil and gas price fluctuations,<\/em> operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of<\/em> commercial<\/em> negotiations;<\/em> changes<\/em> in<\/em> technical<\/em> or<\/em> operating<\/em> conditions;<\/em> the<\/em> cost<\/em> of<\/em> extracting<\/em> gas<\/em> and<\/em> oil<\/em> may<\/em> increase<\/em> and<\/em> be<\/em> too<\/em> costly<\/em> so<\/em> that<\/em> it<\/em> is<\/em> uneconomic<\/em> and<\/em> not<\/em> profitable<\/em> to<\/em> do<\/em> so<\/em> and<\/em> other<\/em> factors<\/em> discussed<\/em> from<\/em> time<\/em> to<\/em> time<\/em> in<\/em> the<\/em> Company\u2019s<\/em> filings<\/em> on<\/em> www.sedarplus.ca,<\/em><\/a> including<\/em> the<\/em> most<\/em> recently<\/em> filed<\/em> Annual<\/em> Report on Form<\/em> 20-F and subsequent filings. For<\/em> a full summary of our oil and gas reserves<\/em> information for Turkey, please refer<\/em> to our<\/em> Forms F-1,2,3 51-101<\/em> filed on <\/em>www.sedarplus.ca,<\/em><\/a> and or request a copy of our reserves report effective December 31, 2023.<\/em><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

Vancouver, B.C., June 19, 2024 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company“) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) wishes to announce that further to the Company’s news release dated June 6, 2024 announcing the upsizing of its non-brokered private placement to 30,000,000 units (the “Units“) at a price of $0.09 per […]<\/p>\n","protected":false},"author":2,"featured_media":81598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/168a076c-4777-40f0-8574-0a3d768262e7","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-81597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t