U.S. Oil and Gas Plc (OTCPK:USOP.Y) announced a private placement of 1,495,022 common shares at $0.386 per share for gross proceeds of $577,295 with private investors on July 2, 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 63,774,203 shares issued and outstanding after the completion of this transaction.