Omagine

Company has signed a Development Agreement with the Government of the Sultanate of Oman. Omagine Owns 60%; Sultanate Owns 25%; Consolidated Contractors Owns 15%. Project to be developed on 245 acres of beach front land on Gulf of Oman. The estimated cost approximately $2.5 Billion. BNP Paribas To Lead Construction Financing Syndicate.

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Re: Management Sweeten the Warrants

Omagine

over 10 years ago

in response to alfederici's message

I meant that If I had 50,000 shares and sold 10,000 shares with 40,000 left. I thought that it was suggested that the percentage of warrants would be on 40,000 rather than 50,000, which would not be fair. Besides, the warrants have already been allocated. Omagine could do what ever they want according to the board of directors I would think.