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.
in response to AGORACOM's message

I think the statement with the date I've highlighted is incorrect, since the first financing agreement may have been last year Nov 2015, since Nov 2016 has not happened. This is in the shareholder agreement section.

While all LLC Shareholders are aligned and agreed, irrespective of whatever individual challenges any such LLC Shareholder may be facing, to do all things necessary to realize the execution and delivery of Phase One as generally described herein, management cautions our shareholders and investors that an Amended and Restated Shareholder Agreement or an agreed CCC Contract may not materialize and that only the definitive and executed CCC-Contract and Amended and Restated Shareholder Agreement, each duly signed and approved by all the LLC Shareholders, should be relied upon as a definitive conclusion to the extended negotiations of these matters which have been ongoing since the first Financing Agreement Date of November 29, 2016. (See: “Overview”, above).

Notwithstanding the foregoing likely solution, management is continuing its discussions with other interested investors and contractors in China, Europe and the United States with whom we have been conducting ever more intensive ongoing negotiations.

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lebnjb@ameri
City
Rank
President
Activity Points
3202
Rating
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Date Joined
03/11/2006
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Omagine
Symbol
OMAG
Exchange
OTCQB
Shares
20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
Website
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