MAGELLAN GOLD CORPORATION (OTCMKTS:MAGE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02APPOINTMENT OF CFO/SECRETARY/TREASURER

Magellan Gold Corporation (OTC.QB)(the “Company”) announced that effective September 18, 2017, the Board of Directors appointed Michael P. Martinez to serve as the Company’s CFO, Secretary and Treasurer, initially on a consulting basis. Mr. Martinez replaces John Power, who recently stepped down from these positions.

The following is a summary of Mr. Martinez’s biographical information:

Michael P. Martinez, age 48, currently is employed as the Chief Financial Officer for GandyDancer, LLC, a company that operates in heavy construction including excavation and earthwork. Mr. Martinez previously served as a Financial Reporting Manager at Ernest Healthcare, which operates twenty-six hospitals in 11 states for inpatient rehabilitation and long-term acute care, and was employed by Santa Fe Gold Corporation as CFO and Treasurer where he was responsible for set-up and configuration of accounting and financial reporting systems, implementation and oversight of disclosure controls and procedures, and preparation of periodic reports to the U.S. Securities and Exchange Commission including annual 10-K and quarterly 10-Q reports. Mr. Martinez was also a principal of Martinez Financial Group, providing merchant banking services including capital formation and corporate finance advisory functions for commercial enterprises.

Mr. Martinez graduated Cum Laude from the University of Arizona with a B.S. in Business Administration. He is a certified public accountant and a member of the New Mexico Society of CPAs.

Mr. Martinez shall be paid $11,000 for the initial 3-month period of consultancy services as CFO. Thereafter, Mr. Martinez’s status may change from a consultant to an employee at the sole discretion of the Company. He will receive no additional compensation for his service as Secretary and Treasurer of the Company.

ITEM 7.01REGULATION FD DISCLOSURE

On September 18, 2017, the Company issued a press release announcing the appointment of Michael Martinez as CFO, Secretary and Treasurer of the Company. A copy of the press release is filed herewith as Exhibit 99.1.

The information in this Current Report on Form 8-K furnished to Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section, and they shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. By filing this Current Report on Form 8-K and furnishing this information to Item 7.01, The Company makes no admission as to the materiality of any information in this Current Report on Form 8-K, including Exhibit 99.1, that is required to be disclosed solely by Regulation FD.

ITEM 9.01EXHIBITS

MAGELLAN GOLD Corp Exhibit
EX-99.1 2 magellan_99ez1.htm PRESS RELEASE       Magellan Gold Announces New CFO and Secretary   FOR IMMEDIATE RELEASE            September 18,…
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