Trillion Energy International Inc. (CSE: TCF) announced plans for a $2 million private placement and a 5:1 share consolidation, subject to Canadian Securities Exchange approval.

The company intends to issue up to 13.3 million units at $0.15 per unit on a post-consolidation basis. Each unit consists of one common share and half of one warrant exercisable at $0.25 for one year from the issue date.

Proceeds will fund work obligations under Trillion's farm-in agreement for the M47 Concession in southeastern Turkey. Chapman Hydrogen and Petroleum Engineering Ltd. evaluated the concession at 27.6 million barrels of contingent resources with an unrisked net present value of $733.5 million net to Trillion's 29% working interest.

The 5:1 share consolidation will reduce outstanding shares from approximately 208 million to 41.6 million common shares. The company stated this aligns its capital structure with industry peers.

"This financing provides the near-term capital needed to meet our M47 commitments and advance what we believe is one of the most compelling light oil exploration opportunities in Turkey today," said Scott Lower, President of Trillion Energy.

Funds will be allocated toward M47 work program obligations ($250,000-$400,000), investor relations activities ($20,000), offering expenses, and general working capital. The offering includes debt settlements on the same terms.

The placement is available to accredited investors, family and close associates of directors, and existing shareholders under various prospectus exemptions. Existing shareholders may purchase up to $15,000 in securities over 12 months unless they receive suitability advice from a registered investment dealer.

Post-consolidation shares are expected to begin trading on the CSE around April 22, 2026. The securities will be subject to a four-month and one-day hold period.