Trillion Energy International ( (TSE:TCF) ) just unveiled an update.
Trillion Energy International Inc announced the issuance of 3,516,493 common shares to settle $204,436.07 in debt owed to directors, officers, and consultants. This move, which includes a ‘related-party transaction’ under MI 61-101 regulations, reflects confidence in the company’s aggressive plans to resume drilling and workovers on its projects, potentially strengthening its market position.
More about Trillion Energy International
Trillion Energy International Inc is engaged in the oil and natural gas industry, focusing on production for Europe and Türkiye. The company holds a 49% stake in the SASB natural gas field in the Black Sea and a 19.6% interest in the Cendere oil field.
YTD Price Performance: -50.0%
Average Trading Volume: 183,301
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $4.45M
Find detailed analytics on TCF stock on TipRanks’ Stock Analysis page.