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$431,168,400 Capital Increase At Omagine, Inc.

  • Form 10-Q  filed today  for the period ended September 30, 2015 reflect a $431,168,400 increase in stockholders’ equity and a $287,445,600 increase in non-controlling interests in its 60% owned subsidiary, Omagine LLC
  • Omagine LLC is developing a $2.5 billion tourism and real-estate project in the Sultanate of Oman and the increases are attributable to the purchase by LLC in July 2015 of Land Rights in Oman valued at $718,614,000.

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