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Diversified Gas & Oil Corp. - Successful £640,000 Placing of Bonds

08/03/2015 | 11:08am US/Eastern
                                                                                                         
                                                                      3 August 2015

                                                                       GB00BSTLK095

                               Diversified Gas & Oil Plc                           

                               ("DGO" or the "Company")                            

                        Successful £640,000 Placing of Bonds                       

    Diversified Gas & Oil Plc (ISDX: DOIL), a producing oil company with assets in
    Ohio and West Virginia is pleased to announce an additional placing, subject to
    admission to ISDX Growth Market, £640,00 Sterling Denominated Unsecured 8.5%
    Bonds, (the "New Bond") at  par value of £5,000 per Bond (the "Placing Price")
    to raise gross proceeds of £640,000.

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

    The net proceed to be received by the Company are £608,000.

    The £640,000 New Bonds will be admitted to trading on ISDX Growth Market under
    the ticker symbol DOIL on 5 August 2015.

    Following the Placing, the issued Bonds of the Company will increase to 241
    Bonds at par value £5,000.  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.

    The following parties have an interest of more than 3% in the Bonds of the
    Company.

    Bondholder Name                    Number of Bonds       Percentage
                                                                Holding
                                                                       
    John Sciarabba                           12               5%       
                                                                       
    Robert Russell Hutson Jr.               43.2             18%       
                                                                       
    Robert Marshall Post                    43.2             18%       
                                                                       
    Robert Russell Hutson Jr.                128             53%       

    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.

    COMPANY CONTACT DETAILS:

    Rusty Hutson, Chief Executive Officer
    Diversified Gas & Oil
    100 Corporate Ridge,
    Suite 100,
    Birmingham,
    Alabama 35242
    USA
    Telephone: + 1 205 408 0909
    http://www.diversifiedgasandoil.com/

    ISDX CORPORATE ADVISER:

    Alexander David Securities Limited
    David Scott - Corporate Finance
    James Dewhurst - Institutional Sales
    Telephone: +44 (0) 20 7448 9820
    http://www.ad-securities.com
    49 Queen Victoria Street, London EC4N 4SA
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