Diversified Oil & Gas Holdings, Ltd. announced a private placement of minimum 10,000 simple agreement for future equity securities and maximum of 100,000 safe securities at a price of $1 per safe for minimum gross proceeds of $10,000 and maximum gross proceeds of $100,000 on March 11, 2022. The company is raising funding through crowd-funding platform truCrowd, Inc. The company will accept oversubscriptions. As a part of the transaction, truCrowd, Inc will charge an average of 8% fee, only if the company's funding is successful.

The company will issue securities pursuant to exemptions provided under Regulation C. The transaction is expected to close on August 31, 2022. The securities issued are subject to restriction period of one year. The company will receive net proceeds of $92,000 in the transaction.