ARL Atlantis Resources

TIDMARL

RNS Number : 0490R

Atlantis Resources Limited

24 June 2015

24 June 2015

Atlantis Resources Limited

AGM Trading Update

Atlantis Resources Limited (AIM: ARL, "Atlantis", or the "Company"), a global leader in the tidal power sector, will provide the following update on its business at its Annual General Meeting to be held at 10:00am today.

Progress on the development of the Company's flagship MeyGen project is on track for first power in 2016. Construction works continue at the onshore site, with completion of three of the four directionally drilled bores now complete. MeyGen expects to mobilise vessels to install the power export cables later this year, bringing each cable to shore through these drilled bores for connection to the onshore control buildings.

Furthermore, the Company is progressing well towards final completion of the acquisition of Marine Current Turbines Limited in an all share deal following announcement of the execution of the sale and purchase agreement with Siemens AG on 29 April 2015.

Enquiries:

 
 Atlantis Resources                        +44 (0)20 3727 1000 
 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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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