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AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

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Message: RE: Does Alfa need to Purchase the Land?

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RE: Does Alfa need to Purchase the Land?

posted on Sep 13, 06 11:42AM

Dear Ellaf, thank you for your inquiry.Omagine Site is presently planned to be represented by a “Usufruct Agreement” wherein the Project Company will be granted a fifty (50) year lease over the Omagine Site at very reasonable rates. Unlike a standard lease however, a Usufruct Agreement, specifically allows the Project Company to (i) pledge the Omagine Site as collateral in any financing arrangements, and (ii) sell (on a free and clear freehold basis) the land underlying the Lease/Usufruct to third parties. As presently contemplated the lease cost for the first five years (the construction period of the Omagine Project) of the Usufruct will be zero.

Regards,

AGORACOM Investor Relations

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