Andrew Sugerman of Pantheon Entertainment announced on Monday [13] that Anthony Hickox will direct the feature from an original screenplay by Peter Atkins and Hickox.
Sugerman produces with Leiming Guan and the producers said the budget was $18m.
The thriller-adventure is about a mismatched team of treasure hunters searching for treasure and the fabled fountain of youth.
Shooting is set to take place entirely in the South China Sea and the film will open theatrically in 3D.
The US and South Africa-based company has received a $50m injection to expand its production ambitions.
Panel series will address film/tv production, location strategies.
Film set to receive market premiere in Cannes.
Marshall made a string of hits in the eighties and nineties, including A League Of Their Own.
Screen speaks to up-and-coming producers from Serbia, Greece, Georgia, Turkey and Bulgaria.
EXCLUSIVE: Darker Than Midnight producer to shoot feature in October.
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