Business
Trillion Energy Announces Debenture Settlement Agreement
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) ("Trillion" or the "Company") announces that further to the convertible debenture indenture entered into between the Company and debentureholders dated April 20, 2023 and as supplemented from time to time thereafter for aggregate principal amount of $15,000,000 at 12.0% interest for convertible debentures of the Company (the "Convertible Debentures"), holders..
About this update from Trillion Energy International Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) ("Trillion" or the "Company") announces that further to the convertible debenture indenture entered into between the Company and debentureholders dated April 20, 2023 and as supplemented from time to time thereafter for aggregate principal amount of $15,000,000 at 12.0% interest for convertible debentures of the Company (the "Convertible Debentures"), holders (the "Debenture Holders") representing at least 66-2/3% of the principal amount of the Convertible Debentures have signed an extraordinary resolution dated March 20, 2026, authorizing the Company and the debenture trustee Odyssey Trust, to enter into a fourth supplemental debenture indenture (the "Fourth Supplemental Indenture") to amended various terms of the Indenture as described below.","length":956,"tagName":"p"},{"type":"text","content":"As of March 20, 2026, the Company owes principal and interest to the Debenture Holders, all of which is currently due in the amount of CAD$16,379,828.49 as of January 31, 2026 (principal amount of CAD$14,999,000 plus interest of CAD$1,380,828.49) plus interest accrued to March 20, 2026 (the "Amount Due").","length":316,"tagName":"p"},{"type":"text","content":"The Company intends to use its best efforts to raise new equity capital for cash consideration through a brokered prospectus offering to investors for an amount not less than CAD$10,000,000 (the "Financing Amount") to conclude at or before September 30, 2026 (the "Financing").","length":297,"tagName":"p"},{"type":"text","content":"The Company and the Debenture Holders entered into the Fourth Supplemental Indenture dated March 20, 2026 and, provided the Company completes the Financing for aggregate proceeds of not less than the Financing Amount, the Amounts Due shall be settled and satisfied in the manner set out in the Fourth Supplemental Indenture (collectively, the "Amendments").","length":367,"tagName":"p"},{"type":"text","content":"Subject to and conditional upon the Company completing the Financing for aggregate proceeds of not less than the Financing Amount:","length":130,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","co...