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Doriemus PLC - Further commitments to Subscribe for Open Offer Shares

Doriemus PLC - Further commitments to Subscribe for Open Offer Shares

Doriemus PLC - Further commitments to Subscribe for Open Offer Shares

PR Newswire

 12 October 2016

Doriemus PLC

(“Doriemus” or the “Company”)

Update regarding Open Offer

Commitments to subscribe for Open Offer now up to £455,000

Doriemus PLC (ISDX:DOR), the London traded UK focused oil and gas exploration and production investment company, is pleased to announce that the Company has now received further firm commitments to subscribe up to another £205,000 for ordinary shares in the Company (the “Subscription Shares”), at the Open Offer price of £0.00035 per share, to the extent that such shares are not subscribed for by Qualifying Shareholders in the Open Offer. The total now stands at £455,000, following on from the Company’s announcement on 10 October 2016, that Optiva Securities Ltd, the Company’s broker, has committed to subscribe up to £250,000. The Open Offer to raise up to £865,200 was announced on 6 September 2016 and closes on 18 October 2016.

A copy of the Open Offer circular can be found at www.doriemus.co.uk. Terms defined in the Open Offer circular have the same meaning in this announcement.

David Lenigas, Doriemus’s Executive Chairman, commented;

"Doriemus has now secured support for over half of the Open Offer’s potential total £865,000 to be raised should Qualifying Shareholders elect not to take up their entitlement to the Offer.”

The directors of the Company accept responsibility for the contents of this announcement.

-ENDS-

For further additional information, please contact:

Doriemus plc
David Lenigas / Donald Strang
+44 (0) 20 7440 0640
Peterhouse Corporate Finance Limited
Corporate Adviser
Guy Miller / Fungai Ndoro
+44 (0) 20 7469 0930
Optiva Securities Limited
Broker
Christian Dennis / Jeremy King
+44 (0) 20 3137 1902
Square1 Consulting
Public Relations
David Bick
+44 (0) 20 7929 5599

Quick facts: DORIEMUS

Price: 0.05

Market: ASX
Market Cap: $2.9 m
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