Trillion Energy International Inc. announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.09 per unit, for aggregate gross proceeds of up to a maximum of CAD 1,350,000 on May 23, 2024. Each unit is comprised of a share and warrant exercisable at CAD 0.18 per share for two years. There is no minimum size to the transaction.

Management of the company has committed to subscribing for at least 20% of the transaction. The transaction is expected to close on or about May 28, 2024 or such other date as the company may determine, and may be followed by additional closings until the transaction is fully subscribed. Completion of the transaction is subject to regulatory approval including, but not limited to, the approval of the Canadian Securities Exchange.

The securities issued will be subject to a four-month hold period from the date of the closing of the transaction. The company may pay a cash finder's fee to qualified non-related parties of up to 7% of the gross proceeds of the transaction.