3 August 2015
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
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
Bondholder Name Number of Bonds Percentage
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
COMPANY CONTACT DETAILS:
Rusty Hutson, Chief Executive Officer
Diversified Gas & Oil
100 Corporate Ridge,
Telephone: + 1 205 408 0909
ISDX CORPORATE ADVISER:
Alexander David Securities Limited
David Scott - Corporate Finance
James Dewhurst - Institutional Sales
Telephone: +44 (0) 20 7448 9820
49 Queen Victoria Street, London EC4N 4SA