Odyssey Marine Exploration (OMEX) Announces $50M Mixed Shelf

November 9, 2009 10:26 AM EST

Odyssey Marine Exploration Inc. (NASDAQ: OMEX) has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC").

Under the shelf registration statement, when declared effective by the SEC, Zep may offer and sell from time to time in the future, in one or more public offerings, up to $50 million of common stock, preferred stock, debt securities, warrants, or any combination thereof.

Odyssey Marine Exploration Inc. is engaged in the archaeologically sensitive exploration and recovery of deep-water shipwrecks throughout the world. They employ advanced, state-of-the-art technology including side-scan sonar, remotely-operated vehicles, or ROVs, and other advanced technology that enables us to locate and recover shipwrecks at depths that were previously unreachable in an economically feasible manner.


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