Ontario · Receivership (court-appointed)
Third Report of the Receiver and Manager - Part 3 of 9
Court officer report · 27 February 2026
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What we verified from this filing2 verified
- financial positionpage: 18 · as at: 2023-12-31 · basis: Audited consolidated financial statements prepared under IFRS; auditor (MNP LLP) expressed an unmodified opinion but noted a material uncertainty related to going concern (negative working capital position, accumulated deficits, negative operating cash flows) · scope: Consolidated - Trillion Energy International Inc. and its wholly owned subsidiaries (Park Place Energy Corp., Park Place Energy Bermuda, BG Exploration EOOD, Park Place Energy Turkey), including proportionate share of joint operations (SASB 49%, Cendere 19.6%) · currency: USD · total assets: 58610428 · total liabilities: 36397856
- secured creditorsnote: Debentures issued April 20, 2023, mature April 30, 2025, bear interest at 12% per annum; balance shown split as current $227,092 (convertible debt - accrued interest) and long-term $10,102,627 on the statement of financial position, totaling $10,329,719 per the Note 12 continuity schedule · page: 46 · as of: 2023-12-31 · amount: 10329719 · debtor: Trillion Energy International Inc. · creditor: Convertible debenture holders (Units subscribed April 20, 2023) · currency: USD · security: Described in the notes as 'secured convertible debenture' (CAD$1,000 principal amount per Unit); specific collateral not identified in the excerpt