U.S. Oil and Gas Plc (OTCPK:USOP.Y) announced a private placement of 987,344 common shares at $0.387385 per share for gross proceeds of $382,482 with private investors on August 30, 2019. The issue price of a share included a premium of €0.3399 ($0.373846) and the shares have a par value of €0.001 ($0.0011). The shares will be issued through CREST and no commissions are payable pursuant to the transaction. The company has 64,761,547 shares issued and outstanding after the completion of this transaction.