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Gold/Mining/Energy : OMEX - Odyssey Marine Exploration Inc

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To: MJ who wrote (31)10/17/2007 1:02:07 PM
From: Glenn Petersen  Read Replies (1) of 61
 
I regularly hear their advertisements (for their Civil War era gold coins) on the radio in the Chicago metropolitan area. They are back in the news today. It was a smart move to recover all of the "Black Swan" booty before making an announcement.

Spanish police release U.S. treasure ship captain

Wed Oct 17, 2007 11:00am EDT

GIBRALTAR, Oct 17 (Reuters) - Spanish police released the captain of a U.S. treasure-hunting vessel on Wednesday after arresting him when he refused to let police board his ship, U.S. crew said.

Spain suspects gold and silver worth an estimated $500 million discovered by a U.S. treasure hunting team in May came from a sunken Spanish galleon and the treasure trove has become the subject of a legal dispute.

Police had arrested captain Sterling Vorus on Tuesday after a Spanish warship intercepted his vessel when it left the British territory of Gibraltar.

The Navy corvette threatened to open fire when Vorus refused to let police board. Police on Wednesday released the captain on bail and ordered him to report to them on the 15th of every month.

Madrid says Odyssey's discovery of the treasure trove might have come from Spanish waters or from a Spanish galleon in international waters, meaning the booty belongs to Spain.

Florida-based Odyssey Marine Exploration says it legally discovered 17 tonnes of silver coins plus gold while working on a wreck code-named 'Black Swan' at a secret location in the Atlantic Ocean.

It says the discovery was made outside of any country's territorial waters.

us.rd.yahoo.com*http://www.reuters.com/legacyArticle?duid=mtfh44001_2007-10-17_15-00-55_l17555925_newsml&rpc=44&type=marketsNews
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