Press Speculation

RNS Number : 8070N

Quadrise Fuels International PLC

03 October 2012

 



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	[phone]
Dr Azhic Basirov / Siobhan Sergeant Nominated Adviser Smith & Williamson Corporate Finance Limited	[phone]
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	[phone]

 

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