secwatch.observer — SEC 8-K summary
======================================

Issuer:     MAGELLAN COPPER & GOLD Corp (MAGE)
CIK:        0001515317
Form:       8-K
Filed at:   2021-07-20T23:59:59+00:00
Accession:  0001683168-21-003026
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Magellan Gold issues ~3.7M shares via warrant exercises and preferred stock conversions
--------------------------------------------------------------------------------

- Eight warrant holders exercised warrants for 1,435,000 shares at $0.20 per share on June 24, 2021.
- Five Series A preferred stockholders converted 192,269 preferred shares into 1,922,690 common shares (10:1) on June 30, 2021.
- Accrued dividends of $356,123 converted into 356,123 common shares at $1.00 per share.
- Total common shares issued: 3,713,813; no fees paid; shares are restricted for affiliates.
- Issuances exempt from registration under Section 4(2) and Regulation D to accredited investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515317/000168316821003026/0001683168-21-003026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515317/000168316821003026/mage_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-003026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer