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.

"We presently expect that the Amended and Restated Shareholder Agreement will be signed by the parties within the next month and that serious design, development and construction activities on the Omagine Project will begin during the first quarter of 2017."

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stock_shark1
City
London
Rank
President
Activity Points
1980
Rating
Your Rating
Date Joined
10/03/2007
Social Links
Private Message
Omagine
Symbol
OMAG
Exchange
OTCQB
Shares
20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
Website
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