Shipwrecks and Lost Treasures of the Seven Seas Shipwrecks and Lost Treasures of the Seven Seas
  • HOME PAGE
  • WET & HOT NEWS
  • CONTACT
  • PHOTOS ALBUM
  • VIDEOS
  • SITES DIRECTORY
  • HOT LINKS
  • Unique Treasures /
  • WET & HOT NEWS ! /
  • Lord Lingfield

Lord Lingfield

Shipwreck explorers funded for excavations of historic ships

By treasures | On 02/05/2012 | In Treasure Hunting / Recoveries

HMS Victory treasure


From Marine Link

Odyssey Marine Exploration soon to begin three high-value marine recovery projects, receives US$ 8 million investment.

Odyssey Marine Exploration, Inc. deep-ocean shipwreck explorers, announce  it has delivered an additional closing notice for the Second Tranche of the financing that was previously announced in November 2011.

The Company and the investor have agreed to a Second Tranche amount of $8 million. 

Odyssey is planning to conduct the archaeological excavation of HMS Victory (1744) under contract with the Maritime Heritage Foundation and cargo recovery operations on SS Gairsoppa and SS Mantola under contract with the UK Department for Transport in 2012.

The Company has several other projects and government agreements in various stages of development throughout the world.

Under the terms of the agreement, the indebtedness under the note for the Second Tranche is not convertible into equity for six months, during which time the Company has the right to redeem the note for 110% of the amount outstanding at the time of redemption.

The note will bear interest at the rate of 9% per year.


Full story...



  • 1
  • 2
  • 3
  • 4

HOME PAGE

 

Countries Legislation

U/W Archaeology

Wild Hunters

Secret Treasures

Untold Treasures

Exclusive Wrecks

Tips, Ideas, Media

Not Found Yet !

Tag Cloud

100 years Australia Baltic sea Belfast Captain Edward Smith FLORIDA gold Great Lakes Indiana State Museum Indianapolis James Cameron Joseph Bruce Ismay Mercedes Molly Brown odyssey marine exploration OMEX shipwreck shipwrecks Spain Titanic Treasure White Star Line World War II wreck

Keep informed

Search Engine

search this site the web

Le trésor de la Reliance

News Feed

  • More than 100 'perfectly preserved' Roman amphorae
  • One-tonne WWII mine from shipwreck
  • Biblical shipwreck of St Paul 'found'
  • A shipwreck worth billions...

Other Websites

Advertise with us !

Members Area

Create an account |  Lost password?

Follow us on Twitter      Find us on Facebook


Google+

© 2007-2019 oceantreasures.org
All Rights Reserved

 

 

 

  • Legal notices