- Trillion Energy (TCF) is upsizing its public offering from gross proceeds of up to $20,000,000
- Each unit will consist of one common share and one-half of one common share purchase warrant
- The agents, including Echelon Wealth Partners Inc. and Research Capital Corporation have been granted an over-allotment option
- The offering is expected to close on or about June 24, 2022
- Trillion is an oil and gas company with assets throughout Turkey and Bulgaria
- Trillion Energy International Inc. (TCF) opened trading at C$0.40
Trillion Energy (TCF) is upsizing its previously announced public offering for gross proceeds of up to $20,000,000.
Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional share for a period of 36 months.
The offering will be conducted by Echelon Wealth Partners Inc. as lead agent and sole bookrunner, along with a syndicate of agents, including Research Capital Corporation.
The agents have been granted an over-allotment option.
The offering is subject to the approval of the securities regulatory authorities and the Canadian Securities Exchange.
The offering is expected to close on or about June 24, 2022.
Trillion is an oil and gas company with assets throughout Turkey and Bulgaria.
Trillion Energy International Inc. (TCF) is unchanged on the day, trading at C$0.335 at 2:15 pm ET.