Nov. 21, 2017 – Seafarer Exploration Corporation (OTCQB: SFRX), a company focused on archaeologically sensitive exploration, research and recovery of historic shipwrecks is pleased to announce that Seafarer has been granted, through the United States District Court for the Southern District of Florida, a final judgment for its federal admiralty claim on the Juno Beach site.
Kyle Kennedy, CEO of Seafarer, stated, “I am very pleased to have this leg of the journey complete after 2 years of detailed legal work as requested by the Florida Bureau of Archaeological Research. While we now will file for a renewal of our recovery permit with the Bureau, the history of the continuous admiralty claims for the site gives us certain rights under Federal law. It will be exciting to receive our recovery permit and investigate the vastly undiscovered and approximately one-square-mile area in the deepest part of the site which was previously deleted from the magnetometer survey.”
Mr. Kennedy further commented, “This year we have had to face challenges due to lengthy repair issues including some damage by Hurricane Irma to the Iron Maiden, our primary investigation vessel. I feel we have replaced and rewired the entire ship during a period of time which could have been very beneficial to the company and shareholders. We will now make best use of her on days the waves permit.”
Additionally, Mr. Kennedy commented, “We have made good forward progress exploring and testing new technology to better identify buried artifacts. If anyone has a proven technology they would further like to test, please contact the company. The science and technology available today may very well eclipse what predecessors in the industry had access to. Also, I would like to thank Dr. Robert Baer who has written an archaeological research paper on our Melbourne Beach site which will inform shareholders on the history and potential of the site.” The report can be found on Facebook and Seafarer’s website.