Source - SMW
Atlantis Resources has agreed to sell its stake in its Canadian joint venture to its partner DP Energy, a leading renewable energy developer, at the FORCE facility in the Bay of Fundy, Nova Scotia.   Atlantis has entered into a conditional sale and purchase agreement for the sale of its 50% interest in Atlantis Operations (Canada) Limited, which will be renamed after the sale is completed. 

Atlantis said the  cash transaction - which is subject to approval from the Nova Scotia minister of energy - would enable DP Energy to take a more integrated approach to the development of the AOCL berth named 'Charlie' alongside its other managed berth 'Echo' at the FORCE facility.  




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