Royal Helium (TSE:RHC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Royal Helium Ltd. has opted to issue over 8.4 million common shares to satisfy interest payments due on its 14% and 12% Senior Unsecured Convertible Debentures, with payments due by July 2, 2024. The shares are priced at $0.078 each, facilitating the company’s obligations under two separate debenture indentures. This strategic move also covers interest for a debentureholder who converted their 12% Debentures on April 1, 2024, with nearly a million additional shares issued for accrued interest.
For further insights into TSE:RHC stock, check out TipRanks’ Stock Analysis page.
