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: Accounting of shares outstanding

Omagine

almost 10 years ago

in response to anitha1971's message

The initial 362,308 shares he purchased were restricted. The warrants have been exercised for common shares. I think that means the initial shares need to be held but the ones purchased with the warrants do not. I certainly am not an expert and may be wrong, but that is what it looks like to me. The initial Tempest investment was reported on 6-24-14.