LONDON--Duke Royalty Ltd. (DUKE.LN) said Monday it has raised 0.2 million pounds ($0.31 million) via a share placing, which will be used for additional working capital for the company.

The public diversified royalty company has placed 333,333 new ordinary shares with new investors at 60 pence per share, a 6.19% premium to its closing share price of 56.5 pence on Friday.

Separately Duke Royalty said it has reached a financing collaboration with Oliver Wyman, a management consultancy wholly owned by Marsh & McLennan Companies (MMC).

Duke Royalty will be responsible for capital raising, the structuring of definitive agreements and the acquisition of each royalty interest originating from the collaboration.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

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(END) Dow Jones Newswires

September 07, 2015 03:05 ET (07:05 GMT)

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