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

For Shore Capital media enquiries, please contact:   

Adele Gilbert: +44 (0)74 8477 8331

Note to editor

About Shore Capital

We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the third largest market maker by number of AIM stocks covered.

Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.

Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.