20th Apr 2016 07:42
LONDON (Alliance News) - Tidal power company Atlantis Resources Ltd on Wednesday said it has raised GBP6.5 million through a placing to fund project development work.
Atlantis said it has issued 11.9 million shares at 55.00 pence per share. Shares in the company were down 14% to 59.1p early Wednesday, one of the worst performers in the AIM All-Share.
The proceeds will provide working capital and fund ongoing project development work on the MeyGen tidal power project in Scotland.
By Sam Unsted; [email protected]; @SamUAtAlliance
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