U.S. Oil and Gas Plc (OTCPK:USOP.Y) announced a private placement of 245,669 shares at a price of £0.32 per share for gross proceeds of £78,614.08 on November 6, 2020. The shares are issued at a premium of €0.3399 (£0.30624). Post the closing, the issue share capital of the company will increase to 66,226,203 shares.