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Odyssey Marine Exploration Inc. has sold 15 percent of Oceanica Resources, a new Panamanian subsidiary engaged in seafloor mineral exploration, to Mako Resources LLC.
Tampa-based Odyssey plans to use the sale proceeds to pay for the company’s exploration and recovery activities, including resumption this summer of recovery of silver from SS Gairstoppa and SS Mantola, according to a statement.
Mako, an independent investment group based in Tulsa, Okla., bought 15 million Oceanica shares and has…