Nope, they've only received one salvage permit. The Juno Beach permit was issued in 2011, but no, they didn't identify the ship. I understand Kyle threatened to sue if he didn't get the permit, but that too is just a rumor.
http://www.sec.gov/Archives/edgar/data/110621...062011.htm
Current salvage law is clear. To issue a salvage permit a shipwreck be must identified.
1A-31.0062 Types of Permit.
(1) The division may issue two types of permits:
(a) An exploration permit allows the permittee to collect remote sensing and visual information on potential historic shipwreck sites without excavation or bottom disturbance. The exploration permit may be modified in writing at a later stage to allow such disturbance and excavation for purposes of attempting to determine the presence or absence and the nature of potential historic shipwreck sites. The number, location, extent and type of such test excavations shall be specified in the permit modification.
(b) A recovery permit may be issued only after the existence and nature of a historic shipwreck site has been documented by exploration permit activities and mutually agreed upon by the division and the permittee . A recovery permit allows the permittee to conduct more extensive excavations and recover archaeological materials, and allows for the transfer of title to the permittee of objects recovered, per Rule 1A-31.090, F.A.C. The number, location, extent and type of such excavation and recovery operations shall be specified in the permit.
(2) The division shall not issue multiple permits for any active permit area or historic shipwreck site that is within an active permit area.
https://www.flrules.org/gateway/RuleNo.asp?ti...1A-31.0062
In reference to Item (2) above, this is from the SFRX and HTQ agreement, which obviously was modified. But it shows what we all know, which is HTQ had the permits long before SFRX came on the scene.
5. Area E-1 55 is located within a twenty (20) square nautical mile area, more or less, off of Brevard Co. Fl.
6. Existing Permits and Contracts: Area E -l 55 is described in detail in FL Bureau of Archaeological Research (FBAR) Contract No. E-1 55 held by HTQ for over the last decade. HTQ also has been granted US Army Corps of Engineers (ALOE) Salvage Permit, FL Department of Environmental Protection (FDEP) Salvage and Sub-bottom Permit. Copies of these Permits and Contracts have been provided to Seafarer. All of the US Army and FDEP Permits and Contracts referenced in Paragraph 6 are current with the FBAR Contract currently pending extension.
http://www.sec.gov/Archives/edgar/data/110621...t_10-6.htm
Now go to the bottom of this link below and you will see HTQ, at last report, still held the rights to Area E-1 55.
Heartland Treasure Quest Inc., the holde r in Area E-155 of a twenty (20) square nmi +/- area off of Brevard County, FL, of certain contractual, permits and other rights from the Florida Department of State Division of Historical Resources, Florida Bureau of Archaeology Resources, Florida Department of Environmental Protection, the Army Corps of Engineers and the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida , hereby makes the following assignment as set forth herein as to all such rights, claims and interest in such matters;
All such rights and control from such permits and contracts as pertaining to the below three (3) square NMI +/- area are hereby transferred immediately to Marine Archaeology Partners, LLC. Such rights are for the specific purpose of assignment of the below area for purpose of becoming assets in the Limited Liability Company of Seafarer's Quest, LLC.
This three (3) square NMI +/- area will be specifically removed and is hereby granted for all interests, permits and contract to Seafarer's Quest LLC under the Operating Agreement between Seafarer Exploration Corp. and Marine Archaeology Partners, LLC.
http://www.sec.gov/Archives/edgar/data/110621...t_10-5.htm
Now the poster said HTQ was going to convey another area. Seafarer and MAPS didn't get the current permit until AFTER the 3 sq NMI area was conveyed from HTQ on March 3, 2014.
The current permit was issued in July 2014, hence my conclusion they area will first have to have the area conveyed in order to apply, as well as Item (2) in the statute.
If it is or was conveyed, SFRX should file an 8K stating as much. But they have not.
Hope this clarifies my position. But no, Seafarer has not been issued two salvage permits as you suggested.
http://www.sec.gov/Archives/edgar/data/110621...062011.htm
Current salvage law is clear. To issue a salvage permit a shipwreck be must identified.
1A-31.0062 Types of Permit.
(1) The division may issue two types of permits:
(a) An exploration permit allows the permittee to collect remote sensing and visual information on potential historic shipwreck sites without excavation or bottom disturbance. The exploration permit may be modified in writing at a later stage to allow such disturbance and excavation for purposes of attempting to determine the presence or absence and the nature of potential historic shipwreck sites. The number, location, extent and type of such test excavations shall be specified in the permit modification.
(b) A recovery permit may be issued only after the existence and nature of a historic shipwreck site has been documented by exploration permit activities and mutually agreed upon by the division and the permittee . A recovery permit allows the permittee to conduct more extensive excavations and recover archaeological materials, and allows for the transfer of title to the permittee of objects recovered, per Rule 1A-31.090, F.A.C. The number, location, extent and type of such excavation and recovery operations shall be specified in the permit.
(2) The division shall not issue multiple permits for any active permit area or historic shipwreck site that is within an active permit area.
https://www.flrules.org/gateway/RuleNo.asp?ti...1A-31.0062
In reference to Item (2) above, this is from the SFRX and HTQ agreement, which obviously was modified. But it shows what we all know, which is HTQ had the permits long before SFRX came on the scene.
5. Area E-1 55 is located within a twenty (20) square nautical mile area, more or less, off of Brevard Co. Fl.
6. Existing Permits and Contracts: Area E -l 55 is described in detail in FL Bureau of Archaeological Research (FBAR) Contract No. E-1 55 held by HTQ for over the last decade. HTQ also has been granted US Army Corps of Engineers (ALOE) Salvage Permit, FL Department of Environmental Protection (FDEP) Salvage and Sub-bottom Permit. Copies of these Permits and Contracts have been provided to Seafarer. All of the US Army and FDEP Permits and Contracts referenced in Paragraph 6 are current with the FBAR Contract currently pending extension.
http://www.sec.gov/Archives/edgar/data/110621...t_10-6.htm
Now go to the bottom of this link below and you will see HTQ, at last report, still held the rights to Area E-1 55.
Heartland Treasure Quest Inc., the holde r in Area E-155 of a twenty (20) square nmi +/- area off of Brevard County, FL, of certain contractual, permits and other rights from the Florida Department of State Division of Historical Resources, Florida Bureau of Archaeology Resources, Florida Department of Environmental Protection, the Army Corps of Engineers and the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida , hereby makes the following assignment as set forth herein as to all such rights, claims and interest in such matters;
All such rights and control from such permits and contracts as pertaining to the below three (3) square NMI +/- area are hereby transferred immediately to Marine Archaeology Partners, LLC. Such rights are for the specific purpose of assignment of the below area for purpose of becoming assets in the Limited Liability Company of Seafarer's Quest, LLC.
This three (3) square NMI +/- area will be specifically removed and is hereby granted for all interests, permits and contract to Seafarer's Quest LLC under the Operating Agreement between Seafarer Exploration Corp. and Marine Archaeology Partners, LLC.
http://www.sec.gov/Archives/edgar/data/110621...t_10-5.htm
Now the poster said HTQ was going to convey another area. Seafarer and MAPS didn't get the current permit until AFTER the 3 sq NMI area was conveyed from HTQ on March 3, 2014.
The current permit was issued in July 2014, hence my conclusion they area will first have to have the area conveyed in order to apply, as well as Item (2) in the statute.
If it is or was conveyed, SFRX should file an 8K stating as much. But they have not.
Hope this clarifies my position. But no, Seafarer has not been issued two salvage permits as you suggested.
