23rd Mar 2021 13:44
Quadrise Fuels International PLC- supplier of emulsion technology and cleaner fuels - Says its open offer, which was launched on Monday, was 3.4 times oversubscribed, with valid acceptances secured for 129.8 million shares. As a result, the maximum number of 37.7 million open offer shares will be issued, raising GBP1.0 million.
"Having demonstrated positive momentum in a number of key project areas, the funding provided by the open offer and placing positions us favourably to capitalise on the exciting opportunities ahead for MSAR emulsion technology and our new renewable fuel, bioMSAR," says Chair Mike Kirk.
Current stock price: 3.42 pence
Year-to-date change: up 54%
By Evelina Grecenko; [email protected]
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