Natural Gas Producer Financing Free-Trades up 69%

Trillion Energy International Inc. (CSE: TCF)

• Gross proceeds: $17.9 million
• Number of units: 29.65 million
• Unit type: Special units
• Price per unit: $0.165
• Closing date: 03/30/2022
• Today's closing price (June 7): $0.28
• Deal appreciation: 69.7%
• Warrants: Half
• Strike Price: $0.45
• Expiry date: 03/30/2024

Company breakdown:

• Natural gas producer developing the SASB gas field off the shores of Turkey
• SASB has an estimated total net-present value of $285.2 million USD
• The company recently mobilised a new drill rig to SASB for a planned seven-well drilling program—shares rose in the days before this news
• Shares have more or less steadily climbed since the end of January, amid a decent natural gas outlook