On July 5, 2024, Trillion Energy International Inc. closed the transaction. The company has issued 150,000 units at a price of CAD 0.09 per unit for total gross proceeds of CAD 13,500 in its seventh and final tranche closing. The company has now issued an aggregate of total 27,197,863 units for total gross proceeds of CAD 2,447,807.67 in the Offering.

The Shares and Warrants issued in connection with the Final Tranche closing are subject to a hold period until November 6, 2024. In connection with the Offering, the company has paid an aggregate of CAD 92,407.23 in cash finder's fees and issued an aggregate of 1,026,747 broker warrants. Each Broker Warrant entitles the holder to one Share and is exercisable at a price of CAD 0.09 per share for a period of two years from the date of issuance.