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Duke royalty financing agreement with Lynx

06 October 2017 08:08

Duke Royalty has entered into its second royalty financing agreement with Lynx Equity (UK).

Duke said it had committed £7.0m , with an initial tranche of £4.5m to be drawn down immediately, with the additional £2.5m being drawn down at the completion by Lynx UK of an imminent acquisition, which was expected to be completed in the coming weeks.

It said the financing represented the beginning of the relationship with Lynx as a royalty partner, as Duke had become Lynx's preferred European capital provider, with the potential to provide a further £8m of funding equating to £15 million over time.

At 8:08am: (LON:DUKE) Duke Royalty Limited share price was 0p at 36.25p

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