BRIEF-Odyssey Marine Exploration Reports Win in NAFTA Arbitration Case

Reuters09-18 02:05

Sept 17 (Reuters) - Odyssey Marine Exploration Inc

* ODYSSEY MARINE EXPLORATION - AWARD IN ITS ARBITRATION WITH UNITED MEXICAN STATES UNDER CHAPTER ELEVEN OF NORTH AMERICAN FREE TRADE AGREEMENT

* ODYSSEY MARINE EXPLORATION - AWARD ORDERS MEXICO TO PAY US$37.1 MILLION FOR BREACHING ITS OBLIGATIONS UNDER NAFTA

* ODYSSEY MARINE EXPLORATION INC -EXPECTS THAT MOST OR ALL OF PROCEEDS OF AWARD WILL BE USED TO SATISFY ITS LITIGATION FINANCING OBLIGATIONS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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