secwatch.observer — SEC 8-K summary
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Issuer:     MAGELLAN COPPER & GOLD Corp (MAGE)
CIK:        0001515317
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001683168-24-000126
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magellan Gold restructures $100K note, appoints new board and CFO
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- AJB assigned $100K promissory note (10% interest, past due) to Gold Express Mines (GEM).
- Directors Mark Rodenbeck (Nov 8) and Deepak Malhotra (Nov 29) resigned; board set at four members.
- John P. Ryan appointed director, CFO and Treasurer; Howard Crosby appointed director.
- Company issued 250,000 shares to GEM; GEM now holds 47.4% of outstanding common stock.
- Ryan and Crosby will receive no initial compensation for board or officer roles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515317/000168316824000126/0001683168-24-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515317/000168316824000126/magellan_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000126

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