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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:

 

Atlantis Resources

via FTI Consulting

 

Tim Cornelius, Chief Executive Officer

 

 

Duncan Black, Chief Financial Officer

 

 

 

 

Peel Hunt LLP (Nominated Adviser and Broker)

+44 (0)20 7418 8900  

 

Daniel Harris

Jock Maxwell Macdonald

Euan Brown

 

 

 

 

 

FTI Consulting

+44 (0)20 3727 1000

 

Ben Brewerton

Alex Beagley

Stephanie Blott

James Styles