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0.0163204747774481 0.0163204747774481 0.0534124629080119 0.0534124629080119 0.00593471810089021 0.00930267062314546 0.0133531157270029 0.00890207715133538
Stock impact report

Odyssey Marine Exploration Provides Update on Legal Filing for Mexican Phosphate Project

Odyssey Marine Exploration, Inc. (OMEX) 
US:NASDAQ Investor Relations: ir.odysseymarine.com/investor-relations
Company Research Source: GlobeNewswire
TAMPA, Fla., Oct. 25, 2018 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, has been informed that on October 22, 2018, legal counsel for Exploraciones Oceanica (ExO) filed an action before the Superior Section of the Mexican Federal Administrative Court. ExO is a controlled subsidiary of Odyssey. The filing includes SEMARNAT’s recent refusal to issue an environmental permit for ExO’s phosphate deposit, which was received by ExO on October 18, 2018. SEMARNAT’s decision was in clear opposition to the Court’s 11-judge unanimous ruling and Court Order of March 21, 2018. The filing requests that the Court impose a fine on the Minister of SEMARNAT and inform Mexico’s Internal Control Unit of SEMARNAT’s contempt of court. In addition, the filing requests that the Court require SEMARNAT to promptly issue the environmental permit as directed in the Court Order. The filing further requests that, if SEMARNAT refuses to com Show less Read more
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