Omega Commercial Finance Corp. (OTCPK:OCFN) announced that it has entered into a non-binding letter of intent for a stock purchase agreement with a private investor to issue 4,006,410 shares at $3.12 per share for gross proceeds of $12,499,999.2 in the middle of September 2016. Timothy R. Fussell, Executive Vice President of Business Affairs led the transaction for the company. The transaction is expected to close in the middle of November.