Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) said it has elected to issue an aggregate of 3,938,120 of its common shares to holders of its convertible debentures under two separate debenture indentures it entered with Computershare Trust Company of Canada.
The share issue will satisfy interest payments of $70.00 for each $1,000 principal amount of its 14% Senior Unsecured Convertible Debentures due December 31, 2025, and $66.41 for each $1,000 principal amount of 12% Senior Unsecured Convertible Debentures due June 30, 2025.