Source - PRN

            2 September 2016

Diversified Gas & Oil Plc
(“DGO” or the “Company”)

Further placing £685,000 Bonds  

Diversified Gas & Oil Plc (ISDX: DOIL), is pleased to announce that it has raised a further £685,000 8.5% Unsecured Bonds due 2020 (the “Bonds”), of £1.00 per unit nominal value (the “Placing Price”) to raise gross proceeds of £685,000.  

The proceeds of the placing will be used to provide the company with additional working capital.

The net proceeds to be received by the Company are £678,150.

The £685,000 New Bonds will be admitted to trading on ISDX Growth Market under the ticker symbol OIL on 2 September 2016.

Following the Placing, the issued Bonds of the Company will increase to 10,649,884 Bonds at par value £1.00. This figure may be used by Bondholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the bond capital of the Company under the Disclosure and Transparency Rules.

Neither this announcement nor the information contained herein constitutes an offer or solicitation by Diversified Gas & Oil Plc for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful.

The directors of Diversified Gas and Oil Plc accept responsibility for this announcement.


Rusty Hutson, Chief Executive Officer
Diversified Gas & Oil
100 Corporate Ridge,
Suite 100,
Alabama 35242
Telephone: + 1 205 408 0909


Alexander David Securities Limited
David Scott – Corporate Finance
James Dewhurst – Corporate Broking
Telephone: +44 (0) 20 7448 9820
49 Queen Victoria Street, London EC4N 4SA