UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 10, 2017
MAGELLAN GOLD CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Nevada |
_ 333-174287 |
27-3566922 |
(State or other jurisdiction
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Commission File
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(I.R.S. Employer Identification number) |
2010A Harbison Drive # 312, Vacaville, CA 95687
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (707) 884-3766
______________________________________________________
(Former name or former address, if changed since last report)
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Written communications pursuant to Rule 425 under the Securities Act |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ X ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
ITEM 1.02 |
TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT |
On October 10, 2017, Magellan Gold Corporation (the “Company”) and Bright Star International, Inc. (“Bright Star”) signed a confirmation letter mutually declaring the previously executed Consulting Agreement and Advertising Agreement between the parties null and void. The Company and Bright Star further agreed that the 1,500,000 shares of Company stock issued to Bright Star as compensation for services rendered pursuant to the Advertising Agreement shall be returned to the Company for cancellation. A copy of the signed confirmation letter is filed herewith as Exhibit 10.1. The Consulting Agreement and stock issuance to Bright Star were previously reported by the Company on Current Reports on Form 8-K filed with the Securities and Exchange Commission on June 20, 2017 and September 29, 2017, respectively.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
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Title |
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10.1 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Magellan Gold Corporation |
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Date: October 11, 2017 |
By: /s/ W. Pierce Carson W. Pierce Carson, President |
2
Law Office Thomas J. Beener
2244 Parady Avenue
Carlsbad, California 92008
Office: 760-603-1238; Cell: 760-715-072 6
Tom.beener.law@gmail.com
www.lawofficechomasjbeener.co1n
October 10, 2017
Magellan Gold Corporation
Pierce Carson, CEO
2010A Harbison Drive Suite 312
Vacaville, California 95687
RE: Bright Star International, Inc.
Mr. Carson:
Please accept this letter as confirmation of the understanding between Magellan Gold Corporation (MAGE) and Bright Star International, Inc. (BSI) that the consulting agreement dated on or about May 2017 and the Advertising Agreement dated on or about September 25, 2017 are hereby declared and rendered null and void by agreement of MAGE and BSI.
Further the 1,500,000 shares of common stock of MAGE issued to BSI pursuant to the Advertising Agreement shall be returned to MAGE for cancellation or return to treasury at the option of MAGE .
In addition, MAGE agrees to file an 8-K to disclose cancellation of the two above mentioned agreements and at the appropriate time will negotiate in good faith a finder agreement regarding compensation to BSI in connection with any fund-raising activities that are completed for the benefit of MAGE .
Thank You
/s/ Tom Beener
Magellan Gold Corporation
/s/ Pierce Carson
Pierce Carson, CEO
Bright Star International, Inc.
/s/ Kevin Dills
Kevin Dills, CEO
.