U.S. Oil and Gas Plc (OTCPK:USOP.Y) announced a private placement of 40,029 common shares at $0.391 per share for gross proceeds of $15,651 with private investors on January 11, 2019. The issue price of a share included at a premium. The shares will be issued through CREST and no commissions are payable pursuant to the transaction. The company has 62,279,181 shares issued and outstanding after the completion of this transaction.