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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 – SUBSEQUENT EVENTS

 

In October 2014 the Company leased a house in Merritt Island, Florida for use by certain of its independent contract divers and other operations personnel and members of management as a place to stay while working on the Company’s site in Brevard County, Florida and as a location to store some of the Company’s gear and equipment. The total annual rent for the house is $26,400 to be paid in monthly payments of $2,200 each payable on the first calendar day of each month.

 

On October 27, 2014 the Board of Directors, pursuant to Section 607.0704, Florida Statutes, the Board of Directors, acting as shareholders of the Preferred Shares and pursuant to their own resolution, voted to increase the authorized shares of the Corporation from 950,000,000 common shares to 1,200,000,000 common shares. Such filing became official with the State of Florida and effective such date.