Duke Royalty Limited Sale of investments (4177T)
March 29 2016 - 7:32AM
UK Regulatory
TIDMDUKE
RNS Number : 4177T
Duke Royalty Limited
29 March 2016
29 March 2016
Duke Royalty Limited
("Duke Royalty" or the "Company")
Sale of investments
29 March 2016 - Duke Royalty Limited ("Duke Royalty" or the
"Company"), a public diversified royalty company (AIM: DUKE), today
announces that it has sold its investment interests in ASX listed
Ausgold Limited, ASX listed A-Cap Resources, TSX-V listed Maya Gold
and Silver and TSX-V listed Revelo Resources via a number of
on-market and OTC transactions for an aggregate cash consideration
of approximately GBP830,000.
The funds raised from the disposals will be used to provide
additional working capital as the Company progresses towards its
inaugural royalty transaction as per the Company's announcement on
7 March 2016.
For further information:
Duke Royalty Limited Neil Johnson
Charlie Cannon-Brookes
+44 (0) 1481 741 240
Peel Hunt LLP (Nominated Edward Knight
Adviser)
+44 (0)20 7418 8900
About Duke Royalty
Headquartered in Guernsey, Duke Royalty Limited is a team of
experienced financial executives dedicated to providing royalty
financing solutions to a diversified number of well-managed
businesses in Europe and abroad. Duke Royalty intends to reinvent
the royalty financing model for European public markets by lowering
costs through an efficient structure and entering into exclusive
alliances that leverage deal flow and expertise. A $50 billion
sector in North American, Duke Royalty plans to bring royalty
investing to the European market by leveraging the management
team's North American experience and success with royalty
investing. These investments are intended to provide robust,
stable, and long-term returns for Duke Royalty's shareholders.
Duke Royalty is listed on the AIM market under the ticker DUKE.
For more information, visit dukeroyalty.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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March 29, 2016 08:32 ET (12:32 GMT)