Brief: Odyssey Marine Exploration Announces Significant Debt Reduction And Continued Focus On Mineral Exploration And Development

Odyssey Marine Exploration

05/10/2021 13:48

Oct 5 (Reuters) - Odyssey Marine Exploration Inc  OMEX.O :
    * ODYSSEY MARINE EXPLORATION INC - ENTERED INTO AN AGREEMENT
WITH
MONACO FINANCIAL, LLC AND OTHER PARTIES (PARTIES) ON OCTOBER 4
    * ODYSSEY MARINE EXPLORATION INC - WILL ISSUE PARTIES
984,848
SHARES OF COMMON STOCK AT $6.60 PER SHARE AND PAY $500,000 IN
CASH
    * ODYSSEY MARINE EXPLORATION - ODYSSEY RELINQUISHED ITS
RIGHT TO
RECEIVE A PERCENTAGE OF PROCEEDS PARTIES MAY RECEIVE FROM
CERTAIN SHIPWRECK PROJECTS
    * ODYSSEY MARINE EXPLORATION INC - AGREED TO PAY AN
ADDITIONAL
$2.5 MILLION TO PARTIES BY DECEMBER 1, 2021

Source text for Eikon:  ID:nBw5LrdQqa 
Further company coverage:  OMEX.O 

 ((Reuters.Briefs@thomsonreuters.com;))