Not for distribution to US newswire or dissemination in the US
Vancouver, British Columbia, June 24, 2022 (GLOBE NEWSWIRE) — Trillion Energy International Inc.. (“”Trillion“, or “Company(CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) submits final short-form prospectus on its increased vest, in addition to the press releases dated June 3 and 7, 2022. I announced that I did. Efforts to promote public offering (“Recruitment“) Unit (“unit”) Of the company at a price of $ 0.31 per unitIssue price”) Total income of up to $ 20,000,000.
As previously announced, each unit consists of one share of our common stock (each unit is “”Common stock“) And half of one common stock purchase warrant (each complete warrant,”warrant“). Each warrant shall give its holder the right to acquire one share of common stock at an exercise price of $ 0.50 for 36 months from the end of the offer.
The offering will be conducted by Echelon Capital Markets (“Echelon“) As a lead agent and sole lead underwriter, with the syndication of agents, including Research Capital Corporation (and with Echelon,”Agent”), And subject to normal closure conditions, including approval by securities regulators and the Canadian Stock Exchange (“”).CSE“).
The offering should be completed as follows: (I) According to a short prospectus submitted to the securities regulators of each Canadian state except Quebec. (Ii) A private placement base in the United States based on the exemption from the registration requirements of the Securities Act of 1933.US Securities Act”); (Iii) Except for Canada and the United States, we do not require qualification or registration of our securities under national or foreign securities law.
The offering will end on or around June 29, 2022, or any other day as agreed by us and our agents.
We have given agents the option to purchase additional up to 15% of the units sold under this offering (“Over-allotment option“), At the issue price. Over-allotment options may be exercised in whole or in part to purchase units determined by the agent based on written notice to the company at any time within 30 days of the end date of the offering.
We plan to use the net offering revenue for development, working capital and general corporate purposes in the SASB gas field.
The final short prospectus for the offering is available at SEDAR on www.sedar.com.
This news release does not constitute an offer to sell or solicit an offer to sell securities in the United States. Securities have not been and will not be registered under US securities law or state securities law. In addition, it may not be offered or sold in the United States or to Americans unless it is registered under US securities laws and the securities laws or exemptions of the applicable state. Available from such registrations.
Trillion is an oil and gas producer with multiple assets in Turkey and Bulgaria. We own 49% of the SASB natural gas field, one of the first and largest natural gas development projects in the Black Sea. 19.6% interest in the Cendere field (excluding three 9.8% wells). In Bulgaria, Vranino 1-11 block, an unconventional natural gas asset of the future. For more information, please visit www.sedar.com and our website.
Art Hallelan: 1-250-996-4211
Email: [email protected]
Information about the future outlook
This release contains current expectations, estimates, and forecasts of our business and outlook, as well as management’s beliefs and forward-looking statements based on certain assumptions made by management. “Expect”, “Expect”, “Intention”, “Plan”, “Believe”, “Seek”, “Estimate”, “May”, “Should”, “Do”, etc. The words and variations of these words identify forward-looking statements. Such statements are made only as of the date of this document and are subject to change. We undertake no obligation to publicly revise or update any forward-looking statement for any reason. These statements include statements regarding our listing on the Canadian Stock Exchange, closing and closing dates of offerings, potential market impact of securities, expansion and business strategies, and expected growth opportunities. , Not limited to these. The amount of funding required to achieve the above. Such statements do not guarantee future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results may differ materially and unfavorably from those expressed in the forward-looking statements as a result of various factors. These factors include unexpected securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, and our ability to raise the funding needed for development. Opportunity results; technical or operating condition changes. The high cost of mining gas and oil can be uneconomical and non-profitable. Other factors that are discussed from time to time in the company’s filings at www.sedar.com, including the recently submitted annual report of the form, 20-F in the first quarter of 2022 and subsequent submissions. For a complete summary of Turkey’s oil and gas reserves information, please refer to Form F-1,2,351-101 submitted to www.sedar.com. And / or request a copy of the reserves report effective December 31, 2021 and the future resource report effective October 31, 2021.
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TRILLION ENERGY INTERNATIONAL announces submission of final short-form prospectus for Canadian Business Journal
Source link TRILLION ENERGY INTERNATIONAL announces submission of final short-form prospectus for Canadian Business Journal