Trillion Energy International Inc. TRLEF

SURPRISE....SURPRISE!!!! (NOT)

[TheLandedEagles]

Man, he does it again...more share dilution issuing cheap shares to himself and his co-horts. Massive debt created to himself,...so why does he get that $500k salary...how blatantly obvious to fill up his pockets further, while shareholders experienced massive losses....only Art (CEO) is capable of these moves and reflect his true character in my opinion..crying the blue will not cut it with shareholders...like I had suggested many times,..sell into buying..and try and preserve your capital...only you can decide that..Do your own DD..my opinion only...good luck!!!

February 2, 2024 – Vancouver, B.C. – Trillion Energy International Inc. (“Trillion”, or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), an oil and natural gas producer in Turkey, announces that it has issued 3,180,000 common shares (each, a "Share") of the Company at a deemed price of $0.20 per Share in settlement of a bona fide debt of $636,000 owed by the Company to its Chief Executive Officer, Arthur Halleran for $546,000, and two directors of the Company for the balance, namely David Thompson and Sean Stofer (the "Debt Settlement").  The Shares are subject to a statutory hold period expiring four months and one day after closing of the Debt Settlement.
 
The Debt Settlement with 2476393 Alberta Ltd., a company wholly owned by Arthur Halleran, Chief Executive Officer and a director of the Company, David Thompson and Sean Stofer, directors of the Company (the "Insider Settlement"), is considered a “related-party transaction” within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Debt Settlement based on that the fair market value of such insider participation does not exceed 25% of the Company's market capitalization.

Mr. Halleran, CEO stated:

“When the stock was at $.05 a share in 2020 I converted most of my salary into shares, seeing the bright future for the Company at that time. Today, I am converting all of my past compensation owed to me into shares, seeing the same value opportunity again. I’m all in on Trillion Energy for the long term.”