07 August 2015 - U.S. Oil & Gas plc - GXG Markets
U.S. Oil & Gas Plc.
("US Oil" or the "Company")
U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas
exploration company with assets in Nevada, makes the following announcement:
In a press release dated Friday 31st July 2015 13:52 CEST, the Board of GXG
Markets reported that the transaction announced on July 22, 2015 between
Channel Islands Securities Exchange and GXG Markets A/S will not now take
place. To date, no additional information has been communicated by GXG to US
Oil & Gas.
The Board of U.S. Oil & Gas plc wishes to assure shareholders that it is
seeking a listing for the Company on a fully regulated exchange. Admission to
such a market requires considerable effort on the part of the Company,
including the preparation of interim audited accounts, and as a result may take
some time to complete. In the meantime, and strictly as a temporary measure,
the Company is exploring the option of listing on other trading platforms in
the interests of continuity.
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
Neither this announcement nor the information contained herein constitutes an
offer or solicitation by U.S. Oil and Gas 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.
For further information contact:
Brian McDonnell, Chief Executive Officer +353 (1) 631 9022
Alexander David Securities Ltd - Corporate Finance Adviser
David Scott +44 (0) 20 7448 9820
James Dewhurst +44 (0) 20 7448 9820
Peter Almberg/Alex Benger +44 (0) 20 7653 1935
ADR Broker Desk, Deutsche Bank
Simon Davies and Richard Willis
Tel: +44 (0) 20 7547-6500
Fax: +44 (0) 20 7547-9995