Trillion Energy rebrands as Dune Oil to focus on Turkey's oil sector
Trillion Energy International Inc., a Canadian oil exploration company, has announced its name change to Dune Oil Corp effective August 4. The new ticker symbol will be 'DUNE' on the Canadian Securities Exchange (CSE). This rebranding aligns with the firm’s strategic shift toward oil development and exploration in Turkey. The company also completed a non-brokered private placement, raising C$154,500 by issuing 1.03 million units at C$0.15 each. Additionally, it settled C$168,000 of outstanding debt through the issuance of nearly 1.1 million units to arm's length parties. Proceeds will be used for work commitments on its M47 Concession in Turkey and general corporate purposes. Trillion Energy holds an agreement to earn up to a 29% working interest in the C3 and C4 licenses within southeastern Türkiye’s Cudi-Gabar petroleum province, where it has already invested US$800,000 toward work commitments.