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Placing

12 Mar 2015 07:00

DORIEMUS PLC - Placing

DORIEMUS PLC - Placing

PR Newswire

London, March 11

12 March 2015 Doriemus plc ("Doriemus" or the "Company") Placing Doriemus Plc (AIM: DOR) announces that it has raised £1,200,000, beforeexpenses, by way of a placing ("the Placing") of 2,000,000,000 new ordinaryshares of 0.001 pence each ("Placing Shares") at 0.06 pence per share. The Placing Shares have been unconditionally placed subject only to admissionto trading on AIM ("Admission"). Application has been made for Admission and itis expected that the Placing Shares will be admitted to trading on AIM on 18March 2015. The Placing Shares will represent approximately 25.8 per cent. ofthe Company's enlarged issued share capital will rank pari passu with theexisting ordinary shares in the Company. This funding will be used to strengthen the Company's balance sheet and usedtowards further farm-ins and other potential investments within the UKconventional oil and gas sector, and in accordance with the Company's statedinvestment strategy." Donald Strang, the Company's Chairman, commented: "This new funding will be put towards general working capital, expected 2015contributions for on-going work on the Horse Hill discovery and for assessingfurther acquisitions in the UK and European oil and gas sector. Following Admission, the Company's enlarged issued share capital will comprise7,739,999,998 ordinary shares. The Company does not hold any shares intreasury. This figure of 7,739,999,998 ordinary shares may be used byshareholders in the Company as the denominator for the calculations by whichthey will determine if they are required to notify their interest in, or achange in their interest in, the share capital of the Company under the FCA'sDisclosure and Transparency Rules. Enquiries: Doriemus plc +44 (0) 20 7440 0640Donald Strang/Hamish Harris Cairn Financial Advisers LLP +44 (0) 20 7148 7900Nominated Adviser and BrokerJames Caithie Square1 Consulting +44 (0) 207 929 5599David BickMark Longson

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