Atlantis bond breaks subscription record on Abundance
Source - SMW
Demand for Atlantis Resources' bonds has broken the opening day subscription record for a launch on the Abundance Investment platform.
Atlantis, a global leader in the tidal power sector, said it had broken through the £1 million subscription level within 24 hours of the formal launch of the five year bond.
It said this represented a new record for offerings launched via Abundance, the provider of a regulated green peer-to-peer investment platform.
Atlantis said that as previously announced, the bond offer sought to raise a minimum of £2m and a maximum of £5m, and was expected to close on or before 16 August, although it could be extended by 2 months at the discretion of the directors.
Chief executive Tim Cornelius said: "Setting a new record for opening day subscriptions via the Abundance platform reflects the outstanding demand for the Atlantis Ocean Bond offer and I am absolutely thrilled with the response from investors.
"They clearly recognise the excellent growth prospects of our business during what is an extremely exciting juncture in the history of tidal power."
At 9:30am: (LON:ARL) Atlantis Resources Limited Ord Npv share price was 0p at 38p