Dune Oil Corp 6-K, filed Oct 27, 2022
Dune Oil Corp. (DUNXF)
About this 6-K
Dune Oil Corp filed this 6-K on October 27, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
October 2022
Commission File Number: 000-55539
TRILLION ENERGY INTERNATIONAL INC.
Suite 700, 838 W. Hastings Street, Vancouver, BC V6C 0A6
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. ☒ Form 20-F ☐ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
| Exhibits: | ||
| 99.1 | NEWS RELEASE DATED october 21, 2022 – acceleration of warrant expiry date for 2021 warrants | |
| 99.2 | NEWS RELEASE DATED october 24, 2022 – warrant acceleration clarification |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TRILLION ENERGY INTERNATIONAL INC. | ||
| (Registrant) | ||
| Date: October 26, 2022 | By: | /s/ Ozge Karalli |
| Ozge Karalli | ||
| Chief Financial Officer | ||
Exhibit 99.1
TRILLION ENERGY INTERNATIONAL ANNOUNCES
ACCELERATION OF WARRANT EXPIRY DATE FOR 2021 WARRANTS
October 21, 2022 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion” or the “Company””) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) announces that it has elected to exercise its right under the terms of the warrant certificates governing the common share purchase warrants of the Company issued during March, 2021 (the “March 2021 Warrants”) to accelerate the term of the March 2021 Warrants.
Pursuant to the 2021 March Warrants, in the event the Company’s share price closes at a price of CAD$0.15 per share for a period of 10 consecutive trading days on the Canadian Securities Exchange, the Company may accelerate the term of the March 2021 Warrants to a period of 30 days following notice by providing notice to the warrant holders in writing or by news release.
As of October 21, 2022, the closing price of the Company’s common shares has traded in excess of CAD$0.15 for at least 10 consecutive trading days. Accordingly, the expiry date of the 2021 is accelerated to November 21, 2022 (the “Accelerated Expiry Date”).
Any March 2021 Warrants that remain unexercised by 5:00 p.m. (Pacific Time) on the Accelerated Expiry Date will expire and be cancelled.
As of October 21, 2022, an aggregate of 12,025,997 of the March 2021 Warrants have yet to be exercised, of which 4,007,917 are exercisable at CAD$0.10 per share, 4,660,000 are exercisable at CAD$0.12 per share, 2,358,080 are exercisable at US$0.08 per share and 1,000,000 are exercisable at US$0.16 per share. Each March 2021 Warrants is exercisable to acquire one common share of the Company.
About the Company
Trillion is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects; a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. More information may be found on www.sedar.com, and our website.
Contact
Art Halleran: 1-250-996-4211
Corporate offices: 1-778-819-1585
e-mail: info@trillionenergy.com
Website: www.trillionenergy.com
Cautionary Statement Regarding Forward-Looking Statements
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Exhibit 99.2
TRILLION ENERGY INTERNATIONAL CLARIFIES WARRANT
ACCELERATION ANNOUNCEMENT
October 24, 2022 - Vancouver, B.C. - Trillion Energy International Inc. (“Trillion”, “we” or the “Company””) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62). On October 21, 2022, we announced the acceleration of certain share purchase warrants issued during March 2021 (the “March 2021 Warrants”). The Company wishes to make the following clarification and correction of the October 21, 2022 news release.
The original news release stated that there was an aggregate of 12,025,997 of the 2021 March Warrants that have yet to be exercised, however, it should have read that there was an aggregate of 6,093,080 of the 2021 March Warrants yet to be exercised, of which 2,125,000 are exercisable at CAD$0.10 per share, 1,860,000 are exercisable at CAD$0.12 per share, 1,108,080 are exercisable at US$0.08 per share and 1,000,000 are exercisable at US$0.16 per share. If all of these remaining warrants are exercised the Company will receive proceeds of CAD $740,346.
Each March 2021 Warrants is exercisable to acquire one common share of the Company. The expiry date of the March 2021 Warrants is accelerated to November 21, 2022 (the “Accelerated Expiry Date”). Any March 2021 Warrants that remain unexercised by 5:00 p.m. (Pacific Time) on the Accelerated Expiry Date will expire and be cancelled.
None of the warrants issued after March 2021 are subject to acceleration at this time. For warrants issued after March 2021 the expiry date set out in the warrant certificate continues to apply.
Arthur Halleran CEO of Trillion stated:
“By accelerating the warrants now, it allows the Company to put the proceeds of the warrant exercise to work by building value for shareholders in the SASB work program. With strong drilling results expected later this month and the given current liquidity of the Company’s trading shares, we expect the market for our stock will not be materially impacted”
About the Company
Trillion Energy is an oil and gas producer with assets in Turkey and Bulgaria. The Company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects; a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; and in Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. More information may be found on www.sedar.com, and our website.
Contact
Art Halleran: 1-250-996-4211
Corporate offices: 1-778-819-1585
e-mail: info@trillionenergy.com
Website: www.trillionenergy.com
Cautionary Statement Regarding Forward-Looking Statements
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.