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Article: Odyssey Marine Exploration Closes Funding on First Shipwreck Project with Robert Fraser & Partners LLP.
- Article from:
- Business Wire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TAMPA, Fla. -- Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), pioneers in the field of deep-ocean shipwreck exploration and its associated company, OVH, Inc., have executed agreements to provide project research and shipwreck search and survey services for a project code-named "Enigma" to Robert Fraser Marine Ltd and client companies of Robert Fraser & Partners LLP.
Under the agreements, Odyssey furnished research related to the "Enigma" and its sinking and will provide a research vessel, equipment and crew to search a specified area and inspect targets in that area. The contracts provide initial cash payments totaling 2,104,700 (approximately U.S. $3.5 Million) ...