Westhouse Securities Limited News

Quadrise Fuels International PLC, emerging supplier of MSAR®, a low cost alternative to heavy fuel oil,  place ordinary shares on market. Application has been made for the 50,000,000 Placing Shares to be admitted to trading on AIM and dealings are expected to commence on 9 October 2012. A key objective of the programme is the production of a stable emulsion fuel manufactured from different oil refinery heavy residues, with fuel properties that substantially eliminate the need for any marine engine modifications. The board of directors of Quadrise (the "Board") believes that the proceeds of the Placing will be sufficient to allow the…