Brief: Odyssey Marine Exploration provides update for "don diego" phosphate project

Odyssey Marine Exploration

17/09/2015 12:30

Sept 17 (Reuters) - Odyssey Marine Exploration Inc  OMEX.O : 
 * Provides update for "don diego" phosphate project and renegotiates bank loan 
   agreement 
 * Implemented cash management strategies to minimize the short-term cash impact 
   of extra time for regulatory process 
 * Says changed maturity date of bank loans to postpone until December $1.4 
   million payment originally due August 
 * Additional testing expected to increase phosphorite resources in the deposit 
   and updates will be provided when completed 
 
 * Source text for Eikon  ID:nGNXLYBIXa  
 
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