Launch of Bond

27 June 2017

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE RESTRICTED BY ANY APPLICABLE LAW.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT FORM PART OF AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

Atlantis Resources Limited (“Atlantis” or the “Company”)

Launch of Bond

Further to the Company announcement made on 15 June, Atlantis, a global leader in the tidal power sector is pleased to announce the formal launch through the Abundance Investment platform of a proposed five year, bond offer maturing 2022. The bond has a coupon of 8%, payable semi-annually. The bond offer seeks to raise a minimum of £2 million and a maximum of £5 million, and is expected to close on or before 16 August 2017, which date may be extended by 2 months at the discretion of the directors.

Subject to completion of the bond offer the proceeds of the issue will be used to progress and accelerate the development of the best opportunities in the Atlantis project pipeline, to repay some more expensive debt, and to provide general working capital for the Atlantis group. The issuing entity is a wholly owned UK based subsidiary of the Company, and the bonds, which are unsecured, will benefit from a parent company guarantee from Atlantis.

Tim Cornelius, CEO, Atlantis Resources Ltd, said:

“As we embark on the most exciting time in the history of tidal power, this bond offer represents a chance for ordinary investors to help Atlantis to grow and share in its financial success. The bonds will help us achieve the huge potential the ocean offers for generating clean, unseen, environmentally benign, highly predictable power across the world.”

Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive Officer

Simon Counsell, Chief Financial Officer

 
FTI Consulting +44 (0)20 3727 1000
Ben Brewerton

Alex Beagley

James Styles

 
Abundance Investment +44 (0)7802 634 695
Martin Campbell

martin@beaconstrategic.com

 

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