** Shares of Kimbell Royalty Partners fall 4.7% to $15.50 post-market as co looks to fund acquisition via equity raise
** Fort Worth-based firm will buy oil and natural gas mineral and royalty interests in the Midland Basin, with approx 875 producing wells on over 68,000 gross acres in $231 mln in cash-and-unit deal
** Co offering of 9 mln common units to fund cash portion of the acquisition of interests held by Boren Minerals
** Citi, JP Morgan and RBC jt bookrunners for offering
** KRP shares on Tues closed up 0.4% at $16.27. They were trading around $15 a year ago
** Co has ~95.5 mln shares outstanding for ~$1.6 bln market cap, per LSEG
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))
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