Last checked at 16 Jul 2014 07:00
16 July 2014
ATLANTIS RESOURCES LIMITED
("Atlantis" or the "Group")
Change of Adviser and Open Letter to Shareholders
London - Atlantis Resources Limited, a vertically integrated owner of the world's largest planned tidal current energy project, MeyGen, and energy equipment supplier, announces that Peel Hunt has been appointed as Nominated Adviser and sole Broker to the Group with immediate effect.
Atlantis also announces that an open letter to shareholders from the Group's CEO, Timothy Cornelius, will be available on the Atlantis website (http://atlantisresourcesltd.com) at 9:00am BST on 16 July 2014. The letter details progress on the MeyGen project.
-ends-
For further information please contact:
Atlantis Resources Limited | via FTI Consulting |
Tim Cornelius, Chief Executive Officer | |
Duncan Black, Chief Financial Officer | |
Peel Hunt LLP | +44 (0) 20 7418 8900 |
Daniel Harris / Andy Crossley | |
FTI Consulting Ben Brewerton / Alex Beagley / James Styles | +44 (0) 20 3727 1000 |
About Atlantis Resources
Atlantis Resources Limited is a vertically integrated turbine supplier and project developer in the tidal power industry. The Group holds interests in a diverse portfolio of tidal stream development projects, which includes 100 per cent ownership of MeyGen Limited, the company developing the MeyGen project in Scotland. The directors believe that MeyGen is the largest consented tidal stream power project in Europe, and is scheduled to commence power production in 2016.
Alongside its project development interests, the Group owns a portfolio of patents and patent applications relating to tidal power generation and sells tidal generation equipment and engineering services to third party developers as well as its own projects. The Group, which is revenue generating, also conducts industrial research and development and provides specialist consulting services globally.