Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (FSE: Z62) closed a portion of its non-brokered private placement, raising CAD$1,501,900 in gross proceeds and settling CAD$1,073,963 in outstanding debt through the issuance of 17,172,419 units, according to a company statement.

The company issued 10,012,668 units for cash proceeds and 7,159,751 units to settle debt with various parties. Each unit consists of one common share and half of one share purchase warrant, with warrants exercisable at CAD$0.25 per share for one year from issuance.

Trillion paid CAD$53,240.05 in finder's fees and issued 286,134 broker warrants exercisable at CAD$0.25 per share for one year. The securities are subject to hold periods ranging from August 28, 2026, to October 6, 2026, pending CSE approval.

The company plans to use proceeds for work program obligations on its M47 Concession in Turkey, toward which it has paid US$500,000, along with audit costs, corporate purposes, and working capital. Trillion has applied to increase the offering size to CAD$3,500,000 to issue up to 23,333,333 units at CAD$0.15 per unit.

Separately, Trillion extended 2,124,515 outstanding warrants by one year. The warrants, originally expiring between June 28 and July 5, 2026, now expire on corresponding dates in 2027. The CAD$0.90 exercise price remains unchanged, subject to CSE acceptance.

Company directors and officers hold 517,776 of the extended warrants. The warrants remain subject to acceleration provisions if shares close at or above CAD$1.75 for seven consecutive trading days.

Trillion also engaged Independent Trading Group to provide market-making services for CAD$6,000 per month under a one-month renewable agreement.