Endurance Exploration Group, Inc, Has Entered Into a Contract Extension With an Island Nation

Aug 31, 2020

CLEARWATER, FL / ACCESSWIRE / August 31, 2020 / Endurance Exploration Group, Inc., (OTC PINK:EXPL) ("Endurance" or the "Company"), a company specializing in shipwreck research, survey and recovery, is pleased to announce that it has entered into a contract extension with an Island Nation ("Nation") located in the Indian Ocean, granting EXPL exclusive rights to certain shipwreck exploration and recovery activities in the Nation's territorial waters. The contract extension grants rights for a period of three years, ending on August 28, 2023. The contract extension preserves the economic terms of the original agreement, whereby, Endurance will receive 75% the net profits, after deducting all search, recovery and other costs, realized from any commercial monetization of recovered cargoes, and the Nation will receive 25%.

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