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Royal Helium Issues ~4mm Shares to Satisfy Interest Payments

Royal Helium has chosen to issue a total of ~4mm common shares to holders of the 14% Senior Unsecured Convertible Debentures due December 31, 2025, and the 12% Senior Unsecured Convertible Debentures due June 30, 2025, as payment for interest obligations. The interest payments amount to C$70.00 and C$66.41 for each C$1,000 principal amount of 14% Debentures and 12% Debentures, respectively. According to the debt indenture, Royal Helium has the right to make share interest payments.

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