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Multi-Billion Dollar Agreement Signed With Oman



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Message: Omagine, Inc. - Current Report on Form 8-K

Dear Omagine Shareholders,


Omagine, Inc. (“Omagine”) has filed with the SEC its Current Report on Form 8-K (the “Report”). The full text of the Report can be viewed here:


An excerpt from the Report is quoted below:


On February 1, 2017, Frank J. Drohan (“Drohan”) the president of Omagine Inc. (the “Company”) purchased from the Company 100,000 restricted shares of the Company’s common stock (the “Restricted Shares”) at a price of $0.51 per share.


The per share sale price to Drohan of the Restricted Shares was equal to the closing sale price of the Common Stock on January 31, 2017 less the Finnerty discount for restricted stock of 18% and the aggregate proceeds to the Company was $51,000. The $51,000 purchase price for all the Restricted Shares was paid to the Company by the $51,000 reduction in the indebtedness owed by the Company to Drohan.






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