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Diversified Gas & Oil Plc has announced that it has raised an additional £1,000,000, subject to admission to ISDX Growth Market, 8.5% Unsecured Bonds due 2020, of £1.00 per unit nominal value (the “Placing Price”) to raise gross proceeds of £1,000,000. ....


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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 £990,000.

The £1,000,000 New Bonds will be admitted to trading on ISDX Growth Market under the ticker symbol DOIL on 15 October 2015.

Following the Placing, the issued Bonds of the Company will increase to 2,205,944 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.

Source: BONDWorld.co.uk

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