Doriemus PLC - Further commitments to Subscribe for Open Offer Shares

 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	[phone]
Peterhouse Corporate Finance Limited Corporate Adviser Guy Miller / Fungai Ndoro	[phone]
Optiva Securities Limited Broker Christian Dennis / Jeremy King	[phone]
Square1 Consulting Public Relations David Bick	[phone]

Copyright r 11 PR Newswire