Quadrise Fuels International PLC
("QFI", "Quadrise" or the "Company")
Press Speculation
Quadrise Fuels International PLC, the emerging supplier of MSAR®, a low cost alternative to heavy fuel oil in the shipping, refining, and power generation markets, has noted the press speculation regarding a fundraising and confirms that it is in advanced stages of a placing of up to 50,000,000 new ordinary shares of 1p each in the Company at a price of approximately 7p per share (the "Placing").
The Company expects to be in a position to confirm the details of the Placing by Friday, 5 October 2012.
-ENDS-
For further information, please refer to the Company's website at www.quadrisefuels.com or contact:
|
Ian Williams, Executive Chairman Hemant Thanawala, Finance Director Quadrise Fuels International Plc |
+44 (0)20 7031 7321 |
|
Dr Azhic Basirov / Siobhan Sergeant Nominated Adviser Smith & Williamson Corporate Finance Limited |
+44 (0)20 7131 4000 |
|
Antonio Bossi / Petre Norton Broker Westhouse Securities Limited |
+ 44 (0)20 7601 6100 |
|
Philip Dennis / Nick Lambert / Rollo Crichton-Stuart Public & Investor Relations Pelham Bell Pottinger |
+44 (0)20 7861 3232 |
This information is provided by RNS