Placing and Trading Update
Atlantis Resources Limited (AIM: ARL, “Atlantis”, or the “Company”), a recognised global leader in the tidal power sector, has raised £2.5 million before expenses through the conditional placing (“Placing”) of 5,952,380new ordinary shares (the “Placing Shares”) at a placing price of 42 pence per share.
Highlights
- Placing of £2.5million before expenses at 42 pence per share.
- Proceeds will be used to fund project development activities across the Atlantis portfolio and to secure opportunities for portfolio growth.
Trading Update
The Company will release its interim results for the six months to 30 June 2015 on or before 30 September 2015. The draft results are in line with expectations.
Tim Cornelius, CEO of Atlantis, commented:
“We are very pleased with the continued support of our shareholders demonstrated through this successful placing. The funds raised will allow us to replicate our success at the MeyGen project and bring other opportunities to fruition around the UK.”
Enquiries:
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Atlantis Resources |
via FTI Consulting |
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Tim Cornelius, Chief Executive Officer |
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Duncan Black, Chief Financial Officer |
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Peel Hunt LLP (Nominated Adviser and Broker) |
+44 (0)20 7418 8900 |
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Daniel Harris Jock Maxwell Macdonald Euan Brown |
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FTI Consulting |
+44 (0)20 3727 1000 |
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Ben Brewerton Alex Beagley Stephanie Blott James Styles |
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