Issue of Warrants

RNS Number : 0550P

Quadrise Fuels International PLC

16 June 2022

 

16 June 2022

Quadrise Fuels International plc

("Quadrise," "QFI" or the "Company")

Issue of Warrants

On 13 June 2022, the Company announced that it had signed a new Material Transfer & Cooperation Agreement (the "Agreement") with its client in Morocco. 

As a result, and pursuant to the Morocco Representation Agreement (as amended) between the Company and Younes Maamar (the "Consultant"), the Company has now issued 3 million warrants to subscribe for new ordinary shares in the Company to the Consultant (the "Warrants"). The Warrants are exercisable at any time until 5 March 2023 at a price of 1.797 pence per new ordinary share.  

  For further information, please refer to the Company's website at www.quadrisefuels.com or contact:

Quadrise Fuels International Plc
Andy Morrison, Chairman Jason Miles, Chief Executive Officer	[phone]
Nominated Adviser
Cenkos Securities plc
Ben Jeynes	[phone]
Katy Birkin
Broker Shore Capital Stockbrokers Limited
Toby Gibbs	[phone]
Fiona Conroy
Public & Investor Relations
Vigo Consulting Patrick D'Ancona Charlie Neish	[phone]
Notes to Editors

Quadrise is the supplier of MSAR^® and bioMSAR™ emulsion technology and fuels, providing innovative lower cost and lower carbon alternatives to fuel oil and biofuels in the global power generation, shipping, industrial and refining industries.

 

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