SASKATOON, SK, Dec. 8, 2023 /CNW/ – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT.A) (OTCQB: RHCCF) ("Royal " or the "Company ") announces that in accordance with the terms of the two separate debenture indentures entered into between the Company and Computershare Trust Company of Canada (the "Trustee ") dated February 8, 2023 and dated June 12, 2023 (collectively, the "Debenture Indentures "), it has elected to issue an aggregate of 3,938,120 common shares in the capital of the Company (the "Common Shares ") to the holders of the 14.0% Senior Unsecured Convertible Debentures due December 31, 2025 (the "14% Debentures ") and the holders of the 12.0% Senior Unsecured Convertible Debentures due June 30, 2025 (the "12% Debentures ", together with the 14% Debentures, the "Convertible Debentures "), as payment for the satisfaction of the interest payment of $70.00 for each $1,000 principal amount of 14% Debentures and the interest payment of $66.41 for each $1,000 principal amount of 12% Debentures.