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Quadrise Fuels Shares Slide As It Confirms Funding Need

Tue, 23rd Jul 2019 14:23

(Alliance News) - Shares in Quadrise Fuels International PLC fell on Tuesday as it confirmed it is considering equity funding to keep going past early October.

The stock was down 25% on Tuesday afternoon at 4.70 pence a share.

Quadrise said "significant" progress has been achieved so far in 2019, with a number of new partnerships agreed in countries such as Mexico, Saudi Arabia, China, and Kuwait.

Quadrise has sufficient cash to keep operating until early October, it said, but added: "The company confirms it is now seeking equity or equity-linked funding to enable the company to continue with its business development initiatives beyond early October with a view to capitalising on recent business development progress and, ultimately, to delivering commercial projects."

Quadrise is developing MSAR, which it promotes as a low-cost alternative to heavy fuel oil.

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6 Mar 2014 13:56

UK MIDDAY BRIEFING: BoE, ECB Hold; Ukraine Clouds EU Politics

LONDON (Alliance News) - The Bank of England and European Central Bank have again kept their monetary policies and interest rates unchanged, just as events to the east continue to threaten the influence and expansion potential of the European Union.

As expected, the BoE has kept its

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6 Mar 2014 12:07

UK WINNERS & LOSERS: Betfair, 32Red Move In Opposite Directions

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS Aviva, up 9.3%. The life insurer's results were ahead the markets expectations on each of the key financial metrics except

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6 Mar 2014 11:19

Quadrise Fuels Raises USD10.7 Million In Placing

LONDON (Alliance News) - Quadrise Fuels International PLC Thursday said it has raised USD10.7 million by placing 33.4 million new shares at a price of 32 pence per share. The developer of fuel oil alternatives for the shipping, refining and power generation markets, said the proceeds of the

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24 Feb 2014 12:19

Quadrise In New Royalty Deal For Marine Fuel With AP Moller-Maersk

LONDON (Alliance News) - Quadrise Fuels International PLC Monday said it has signed a new royalty agreement with AP Moller-Maersk for its marine MSAR fuel which extends it for a further three years to the end of 2022 and sets out the terms and legal framework for other deals once the fuel goes in

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8 Jan 2014 12:19

Quadrise Fuels proposes equity fundraising

Shares in Quadrise Fuels dropped on Wednesday after the company said it was planning to raise funds to finance additional staff. The company, which is focused on developing a low-cost oil alternative called Multiphase Superfine Atomized Residue Synthetic Fuel Oil (MSAR), said it needed additional

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20 Nov 2013 07:52

AIM IN BRIEF: Rangers FC Appoints Graham Wallace As CEO

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19 Nov 2013 18:26

DIRECTOR DEALINGS: Quadrise Fuels Finance Director's Wife Sells 500,000 Shares

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7 Oct 2013 10:35

Quadrise Fuels Widens Pretax Losses, Expects First Revenues In Early 2014

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30 Sep 2013 10:06

Quadrise Says Not Aware Of Reason For Share Price Jump

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3 Jun 2013 08:40

Quadrise subsidiary signs MOU with Colombian oil provider

Quadrise (QFI), the emerging supplier of MSAR, a low cost alternative to heavy fuel oil in the shipping and power generation markets, has reported that a Memorandum of Understanding (MOU) has been signed by its 100% wholly-owned subsidiary of Quadrise International (QFI), with Ecopetrol S.A., the Co

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17 Jan 2013 12:16

STOCKS NEWS EUROPE-UK small caps modestly higher at midday

The FTSE Small Caps index is up 0.1 percent at midday, mirroring modest gains by the FTSE 250 index, also up 0.1 percent, with the FTSE 100 index flat. Quadrise Fuels International jumps 10.5 percent after issuing a positive update with respect to its Marine MSAR fuel programme with Maersk

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7 Nov 2012 15:42

Resources round-up: Paternoster, Beacon Hill, Urals Energy

Paternoster Resources, an investment company focused on the natural resources sector, highlighted the discrepancy between its net asset value per share of 0.52p versus its current share price after it invested in the recent placing of shares in Quadrise Fuels International. As at the close of tradin

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22 Oct 2012 15:34

Quadrise Fuels says the show is on the road

Quadrise International, a manufacturer and supplier of emulsion fuels, pared its losses in the last year and said that after struggling to convince people of the merits of its technology 'the show is on the road'. Emulsion fuels are marketed as a low cost alternative to heavy fuel oil in the global

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4 Oct 2012 12:32

Quadrise Fuels completes placing of 50m shares

Quadrise Fuels International, which supplies a low-cost alternative to heavy fuel oil in the shipping, refining, and power generation markets, has completed the placing of 50m new ordinary at 7p. The proceeds of the placing, which totalled £3.5m, is believed to be sufficient to allow the company t

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3 Oct 2012 13:24

Quadrise Fuels to place up to 50m shares

Quadrise Fuels International, which supplies a low-cost alternative to heavy fuel oil in the shipping, refining, and power generation markets has confirmed it is the advanced stages of placing as many as 50m new ordinary shares. The announcement, which followed recent press speculation, said the s

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