Business
Trillion Energy Launches $2 Million Private Placement to Advance M47 Oil Exploration; Announces 5:1 Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2026) - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) ("Trillion" or the "Company") is pleased to announce that it intends to complete, subject to the approval of the Canadian Securities Exchange (the "CSE"), a non-brokered private placement to issue up to 13,333,333 units (the "Units"), on a post-Consolidation basis, of the Company for gross proceeds of up to $2,000,000 (the "Offering"). The Offering may include.
About this update from Trillion Energy International Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 17, 2026) - Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) ("Trillion" or the "Company") is pleased to announce that it intends to complete, subject to the approval of the Canadian Securities Exchange (the "CSE"), a non-brokered private placement to issue up to 13,333,333 units (the "Units"), on a post-Consolidation basis, of the Company for gross proceeds of up to $2,000,000 (the "Offering"). The Offering may include certain debt settlements on the same terms. Each Unit will be issued at a price of $0.15 per Unit (post-Consolidation (defined below)) and will consist of one common share in the capital of the Company (each a "Common Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant") exercisable at $.25. Each Warrant shall be exercisable for a period of one (1) year from the date of issue.","length":992,"tagName":"p"},{"type":"text","content":"The Company may pay cash commissions to qualified finders or agents for up to 8% of the Units sold under the Offering.","length":118,"tagName":"p"},{"type":"text","content":"The Offering is designed to fund near-term work obligations under the Company's Definitive Farm-In Agreement on the M47 Concession, Parts C3 and C4, in Southeastern Türkiye - an asset that Chapman Hydrogen and Petroleum Engineering Ltd. recently evaluated at 2C Contingent Resources of 27.6 MMbbl with an unrisked NPV-10 of US$733.5 million net to Trillion's 29% working interest. The concurrent 5:1 share consolidation reduces Trillion's outstanding share count from approximately 208 million to approximately 41.6 million Common Shares, aligning the Company's capital structure with industry peers and strengthening its positioning ahead of an active drilling season.","length":685,"tagName":"p"},{"type":"text","content":""This financing provides the near-term capital needed to meet our M47 commitments and advance what we believe is one of the most compelling light oil exploration opportunities in Türkiye today," said Scott Lower, President of Trillion Energy. "The simultaneous share consolidation is a deliberate capital markets decision - reducing our share count to bring our structure in line with peers a...