Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FRANK: Z62) CEO Arthur Halleran
28#trillion #energy #oil #gas #stocks #news #business #richtv #interview
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FRANKFURT: Z62)
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FRANK: Z62) CEO Arthur Halleran - February 20, 2024
Our Mission: Supply Natural Gas and Oil to Europe & Turkey
Trillion Energy is rapidly accelerating natural gas production and oil exploration in Turkiye. In September 2022, the company commenced a 6-production well drilling program in Black Sea, SASB Gas Field and defined 10 additional target wells for 2024 and beyond. In July 2023, Trillion announced plans to further into oil exploration in South-East Turkiye. Trillion has extensive infrastructure and facilities in place including gas plant and pipelines to bring gas to market in 2024 and beyond.
TrillionEnergy 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.”
About the Company
Trillion EnergyInternational Inc. is focusedon oil and natural gas production for Europe and Türkiyewith natural gas assets in Türkiye. The Company is 49% owner of the SASB natural gas field, a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in three oil exploration blocksin S.E. Turkiye. More information may be found on www.sedarplus.ca , an
Subscribe - / richtvlive
Social Media Links - https://linktr.ee/richtvlive
Visit - http://richtv.io/
Ledger - Home of the first and only certified Hardware wallets
https://bit.ly/richtv-Ledger
Popular Uploads - https://goo.gl/tbvXGg
Most Recent Upload - https://goo.gl/unKXBy
YouTube Channel Page - https://goo.gl/yUdG7w
Subscribe -
/ richtvlive
Rich TV Live Playlist - https://goo.gl/e116JF
RICH TV LIVE TOP 10 STOCKS Playlist -
• TOP 10 STOCKS MONTHLY
Disclaimer
RICH TV LIVE INC. company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RICH TV LIVE reports company profiles or other investor relations materials and presentations are subject to change. RICH TV LIVE and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. RICH TV LIVE INC. sponsored $2500 CAD for digital video services.
Investing is inherently risky. RICH TV LIVE is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print.
We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov/Canadian CSA https://www.securities-administrators....