Trillion Energy Announces Results of Special Stockholders Meeting

Decision to Redomicile to Canada has handed to be efficient January 1, 2022

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Vancouver, BC and Ankara, Turkey, Dec. 17, 2021 (GLOBE NEWSWIRE) — Trillion Power Worldwide Inc. (“Trillion” or the “Firm”) (CSE: TCF) (OTC: TCFF) (Frankfurt: 3P2N) is happy to announce the outcomes of its December 17, 2021 Particular Assembly of Stockholders (the “Assembly”). The only real difficulty voted on on the assembly was the proposed redomicile from Delaware to British Columbia.

A complete of 100,777,850 shares, representing 54.45% of shares excellent, have been represented on the assembly in individual or by proxy. The outcomes of the vote have been as follows:

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                         Complete                        %

For              100,590,673          54.35

In opposition to             158,224            0.08

Abstained          34,953            0.02

Not voted    84,291,943          45.55

The Firm will proceed with the transfer efficient January 1, 2022.

No materials modifications to the board, administration, day-to-day conduct of the enterprise of the Firm or its technique will happen because of the redomicile. Administration expects a discount within the Firm’s regulatory compliance prices and an enhanced capacity to entry the capital markets. Completion of the repatriation will scale back or eradicated sure U.S. resale restrictions on frequent shares beforehand issued by the Firm in non-public placement transactions because the Firm will meet the definition of a “international non-public issuer”, as outlined below Rule 3b-4 of the Securities Trade Act of 1934. For additional particulars of the transfer see the Firm’s information releases dated September 1, 2021.

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No change is anticipated to the Firm’s ticker symbols. The Firm will proceed below the identify Trillion Power Inc.

Concerning the Firm

Trillion Power is an oil and fuel producing firm with a number of property all through Turkey and Bulgaria. The Firm is 49% proprietor of the SASB pure fuel area, one of many Black Sea’s first and largest scale pure fuel improvement initiatives; a 19.6% (besides three wells with 9.8%) curiosity within the Cendere oil area; and in Bulgaria, the Vranino 1-11 block, a potential unconventional pure fuel property.

Contact
Artwork Halleran: 1-250-996-4211
www.trillionenergy.com
data@trillionenergy.com