MAGELLAN GOLD CORPORATION (OTCMKTS:MAGE) Files An 8-K Regulation FD DisclosureITEM 7.01REGULATION FD DISCLOSURE
On September 29, 2017 Magellan Gold Corporation (the “Company”) issued a Press Release announcing that its purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc (AIM: ROSE) is on track to close by the end of October 2017. The SDA Mill is a fully permitted and operational mineral processing plant and includes all associated assets, licenses and agreements. Major milestones towards closing were achieved on September 11, 2017, when Magellan and Rose announced the execution of a definitive purchase agreement, and on September 18, 2017, when Rose obtained its shareholder approval required for the sale. The final major item, restructuring of Mexican ownership of the SDA Mill, is in process and is expected to be concluded in October 2017. 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
Item |
Title |
99.1 |
Press Release |
MAGELLAN GOLD Corp ExhibitEX-99.1 2 magellan_99ez1.htm PRESS RELEASE Purchase of SDA Mill Expected to Close in October FOR IMMEDIATE RELEASE September 29,…To view the full exhibit click here