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Trillion Energy Announces Extension to Expiry Date of Debenture Indenture and Completion of Shares for Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - Trillion Energy International Inc (CSE: TCF) (OTCQB: TRLEF) ("Trillion" or the "Company") announces that further to its news release dated April 25, 2025 and in accordance with the terms of a debenture indenture entered into between the Company and Odyssey Trust Company ("Odyssey") dated April 20, 2023 (the "Base Indenture") as supplemented by the first supplemental debenture indenture dated as of September 14, 2023 and a second ...
About this update from Trillion Energy International Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - Trillion Energy International Inc (CSE: TCF) (OTCQB: TRLEF) ("Trillion" or the "Company") announces that further to its news release dated April 25, 2025 and in accordance with the terms of a debenture indenture entered into between the Company and Odyssey Trust Company ("Odyssey") dated April 20, 2023 (the "Base Indenture") as supplemented by the first supplemental debenture indenture dated as of September 14, 2023 and a second supplemental debenture indenture dated as of April 23, 2025 (together with the Base Indenture, the "Indenture"), governing the 12.0% convertible debentures of the Company (aggregate principal amount of $15,000,000) maturing on July 31, 2025 (the "Convertible Debentures"), holders (each, a "Debentureholder") representing at least 66-2/3% of the principal amount of the Convertible Debentures have signed an extraordinary resolution dated July 24, 2025, consenting to: (i) authorizing the Company and Odyssey to enter into a third supplemental debenture indenture (the "Third Supplemental Indenture") to amend the maturity date of the Convertible Debentures from July 31, 2025 to October 31, 2025; and (ii) agreed that the Convertible Debentures will continue to bear interest from August 1, 2025 to October 31, 2025 at a rate of 12% per annum payable in cash. The Debentureholders will not be receiving any consideration in connection with the extension of the expiry date of the Convertible Debentures. The remaining terms of the Convertible Debentures will remain the same.","length":1663,"tagName":"p"},{"type":"text","content":"Debt Settlements","length":16,"tagName":"p"},{"type":"text","content":"The Company also announces that further to its news release dated June 27, 2025, the Company has issued an aggregate of 7,725,908 common shares of the Company at $0.05 per share in settlement of $386,295.42 in debt owed by the Company to directors, officers and consultants of the Company (the "Debt Settlement"). The common shares are subject to a four month and one day hold period expiring on November 22, 2025.","length":424,"tagName":"p"},{"type":"text","content":"In connection with the Debt Settlement, an aggregate of 3,900,000 common shares of the Company were...