MAGELLAN GOLD CORPORATION (OTCMKTS:MAGE) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS

Amendment to Memorandum of Understanding

On July 31, 2017, 2017 Magellan Gold Corporation (the “Company) signed Amendment No. 1 to a Memorandum of Understanding dated March 3, 2017 by and among the Company and ROSE PETROLEUM, plc and its wholly-owned subsidiary MINERALES VANE S.A. de C.V. (“VANE”) (collectively “Rose”) (the “Amendment to MOU”). A copy of Amendment to MOU is filed herewith as Exhibit 10.1.

Under the terms of the Amendment to MOU, the Company’s option to purchase the SDA Mill was extended subject to certain terms and conditions.

Consummation of the SDA Mill acquisition is subject to numerous conditions. There can be no assurance that the purchase of the mill will be completed.

ITEM 7.01REGULATION FD DISCLOSURE

On August 1, 2017 the Company issued a press release announcing the Amendment to MOU noted at Item 1.01 of this Report. 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 9.01FINANCIAL STATEMENTS AND EXHIBITS

MAGELLAN GOLD Corp Exhibit
EX-99.1 2 mgc_ex99z1.htm AMENDMENT TO MEMORANDUM OF UNDERSTANDING Amendment to Memorandum of Understanding AMENDMENT NO. 1 TO MEMORANDUM OF UNDERSTANDING   THIS AMENDMENT NO. 1 TO MEMORANDUM OF UNDERSTANDING (this “Amendment”) is made and entered into as of the 31 day of July,…
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