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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Accounting of shares outstanding

Omagine

almost 10 years ago

Common Shares Outstanding:

16,185,798 (as of September 19, 2014)

16,435,798 (as of October 14, 2014)

That results in 250,000 shares sold by Omagine Inc. to YA over that 3.5 week period.

We cannot say if YA has held or sold these shares but it's very likely they've sold them as that's their business line with Omagine.

Obviously Omagine sells shares to raise capital to continue operations and continue investing in this project and likely others. Those are good things however if you are wondering who is on the offer, here are 250k examples.