12:56 PM EDT, 06/20/2024 (MT Newswires) -- Royal Helium ( RHCCF ) on Thursday it will pay interest due on two debenture issues with shares rather than cash.

The helium explorer said it will issue a total 8.45-million shares to pay interest owning on its 14.0% Senior Unsecured Convertible Debentures due December 31, 2025 and its 2.0% Senior Unsecured Convertible Debentures due June 30, 2025.

The company said both issues allow it to elect to pay interest in shares instead of cash.

Royal Helium ( RHCCF ) shares were last seen down $0.01 to $0.07 on the TSX Venture Exchange.

Price: 0.07, Change: -0.01, Percent Change: -12.50