Seafarer Exploration Corp (SFRX)

[Southern Gal]

Perhaps another option is a repeat of Lantana. Remember Lantana? The site where treasure on deck was pretty much guaranteed by a number of others (not sfrx).

The company decides to not pursue "Phase 3 at the Lantana site at this time but will review the site at a later date that has not yet been determined". and discloses the details in an SEC filing.

Under the permit, the Company began remote sensing at the site with a cesium vapor magnetometer and did underwater exploration. Once the remote sensing was completed and the data analyzed, the Exploration permit moved to Phase 2, dig and identify. During Phase 2, testing was done, which confirmed a mid-to-late 18 th century shipwreck. Upon further testing, management believes a 1600s era shipwreck potentially exists, but not within the currently permitted area. Due to other developments and projects the Company is not pursuing Phase 3 at the Lantana site at this time but will review the site at a later date that has not yet been determined.