Company sells 400,000 of its restricted common shares at $2.00 apiece
By Devika Patel
Knoxville, Tenn., Nov. 24 – Omagine, Inc. settled an $800,000 private placement of stock with two investors on Nov. 20, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 400,000 restricted common shares at $2.00 per share, which is a 28.06% discount to the Nov. 21 closing share price of $2.78.
Based in New York, Omagine is a development-stage company primarily involved in real estate development, entertainment and hospitality ventures and on developing, building, owning and operating tourism and residential real estate development projects.
| Issuer: | Omagine, Inc.
|
| Issue: | Restricted common shares
|
| Amount: | $800,000
|
| Shares: | 400,000
|
| Price: | $2.00
|
| Warrants: | No
|
| Announcement date: | Nov. 24
|
| Settlement date: | Nov. 20
|
| Stock symbol: | OTCBB: OMAG
|
| Stock price: | $2.78 at close Nov. 21
|
| Market capitalization: | $45.2 million
|
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