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Treasure details to be shared with Spain

Sat., Jan. 12, 2008

TAMPA, Fla. – The Spanish government will receive detailed information about a shipwreck site where a Florida company found $500 million worth of coins and artifacts last year, a federal judge has ruled.

Odyssey Marine Exploration Inc. will reveal the exact location of the shipwreck and items found onboard, U.S. Magistrate Judge Mark Pizzo said.

The company will also disclose the locations of two other shipwrecks, the judge said.

The information, which includes videos and photos taken from the sites, will not be made public, he said.

Spain has sought the information in federal court because it contends it is entitled to the treasure if it comes from one of its sunken ships, or if the artifacts were removed from Spain’s territorial waters.

The agreement is “best for everybody,” Odyssey co-founder Greg Stemm said after the hearing. “Now we can talk about the facts.”

In all, Odyssey found three shipwreck sites that piqued the interest of the Spanish. The company dubbed the most lucrative “Black Swan” and have has declined to discuss details of the coins or any other artifacts.

Court records show the Black Swan site is 200 miles west of Gibraltar, a British territory at the southern tip of the Iberian Peninsula.


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