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.  

Related Charts

Atlantis Resources Limited Ord Npv (ARL)

0.00 (0.00%)
delayed 05:00AM