Actionable news
0
All posts from Actionable news
Actionable news in OMEX: Odyssey Marine Exploration, Inc.,

Entry Into a Material Definitive

On October1, 2015, Odyssey Marine Exploration, Inc. (Odyssey) and Odyssey Marine Enterprises, Ltd., an indirect, wholly owned subsidiary of Odyssey (Enterprises), entered into an Amendment No.2 to Promissory Note (the Amendment) with Minera del Norte S.A. de C.V. (MINOSA). The Amendment further amends Section2(a) of the Promissory Note, dated as of March11, 2015 (as amended by Amendment No.1 thereto dated as of April10, 2015, the Promissory Note), among Odyssey, Enterprises, and MINOSA to provide that, unless otherwise converted as provided in the Note, the adjusted principal balance shall be due and payable in full upon written demand by MINOSA; provided that MINOSA agrees that it shall not demand payment of the adjusted principal balance earlier than the first to occur of: (i) 30 days after the...


More