DALLAS, June 17, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a trading report featuring Odyssey Marine Exploration Inc. (Nasdaq:OMEX). The report details the company's finances, trading activity, recent news, and industry information you need to know to make an educated investment decision.
The Company is on the move after pricing the public offering of 4.8 million shares of its common stock. For more information on this stock and its deep-ocean shipwreck explorations, check out the full report here ()
Odyssey Marine Exploration Inc. (OMEX) is engaged in deep-ocean exploration using innovative methods and state-of-the-art technology. The Company has established leadership in the field of shipwreck exploration, conducting extensive search and archaeological recovery operations on deep-ocean shipwrecks around the world. It also owns approximately 41% of Dorado Ocean Resources, a company formed in 2010 to discover and commercialize high-value mineral deposits from the ocean floor, and provides proprietary deep-ocean expertise and equipment to Dorado under contract. OMEX also provides deep-ocean contracting services to governments and companies around the world.
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In the report, the analyst notes:
"OMEX shares shot up in early trading Thursday after news the marine exploration and salvage company has priced a public offering of 4.8 million shares of its common stock at $3.05 per share. The Company also granted the underwriters the option to purchase up to an additional 720,000 shares at the same price per share to cover over-allotments, if any. The offering is expected to close on or about June 21, 2011."
"OMEX expects to receive about $13.6 million in net proceeds from the offering, according to a regulatory filing."
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