Trillion Energy International Inc. Corporate Update
Trillion Energy International Inc. provided a corporate update on May 15, 2026, regarding its operations, a private placement, and annual filings. The company expects to close its private placement around May 22, 2026, with proceeds intended to fund its M47 oil exploration farm-in obligations. The deadline for the first tranche payment of US$9.5 million has been extended to June 30, 2026. Trillion aims to earn a 29% interest in the M47 licenses in TΓΌrkiye, subject to funding commitments. Additionally, the company addressed its Annual Filings for the year ended December 31, 2025. A management cease trade order (MCTO) remains in effect, restricting trading by certain insiders until the filings are completed. Trillion is working with its auditor to finalize these filings as soon as practicable and will continue to issue bi-weekly default status reports. Other than as disclosed, there have been no material changes, no subsequent defaults, no insolvency proceedings, and no other undisclosed material information.