Quadrise Fuels International plc (AIM: QFI), the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, which are low-cost, cleaner alternatives to heavy fuel oil, has successfully raised £6m through an oversubscribed placing, with Shore Capital acting as Sole Bookrunner.
The net proceeds will principally be used for progressing current active programmes through to the successful conclusion of the relevant trials/tests, the negotiation and implementation of commercial supply contracts, and the generation of sustainable positive cashflows.
For further information please contact:
Shore Capital +44 (0) 20 7408 4090
Corporate Broking: Fiona Conroy
Corporate Advisory: Toby Gibbs / John More / Michael McGloin
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Adele Gilbert: +44 (0)74 8477 8331
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