2017
Magellan Completes Purchase of SDA Mill, Mexico
Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce that on November 30, 2017, it completed the purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc (AIM: ROSE). Total consideration for the purchase of the SDA Mill was US$1.5 million, consisting of $1.0 million in cash and…
Read Morechase of SDA Mill Expected to Close in November – Milling Operations Restarted and Underway
Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce that its purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc (AIM: ROSE) is nearing conclusion. The final major item for closing to occur, restructuring of Mexican ownership of the SDA Mill, is in progress and is expected to…
Read MorePurchase of SDA Mill Expected to Close in October
Magellan Gold Corporation (OTCQB: MAGE) is pleased to announce that its purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc (AIM: ROSE) is on tract 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…
Read MoreMagellan Gold Announces New CFO and Secretary
Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce the appointment of Michael P. Martinez as CFO and Secretary of the Company, effective immediately. To facilitate this change, John C. Power recently stepped down as CFO and Secretary. The Company wishes to thank Mr. Power for his service as an officer since…
Read MoreDefinitive Agreement Signed for Acquisition of SDA Mill, Mexico
Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce that Magellan and Rose Petroleum plc (AIM: ROSE) have signed a definitive and binding stock purchase agreement (“SPA”) in respect of Magellan’s acquisiiton of Rose’s mineral processing mill operation in San Dieguito de Arriba, Nayarit State, Mexico and its associated assets, licenses and agreements (together, the…
Read MoreMagellan Gold Launches New Website, Highlights Silver Strategy
Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) today announced the launch of its newly designed and updated website, which can be accessed at www.magellangoldcorp.com. The new website reflects Magellan’s progress towards its strategic objective of building a mid-tier silver-focused exploration and mining company; “We are concentrating on silver and are positioning the Company…
Read MoreMagellan Gold: Purchase of Mexican Flotation Plant to Close in October
MAGE is pleased to announce its purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc (AIM: ROSE) is anticipated to be concluded in October 2017. Total consideration for the purchase is US$1.5 million, consisting of $1.0 million in cash and $500,000 in Magellan stock, of which $100,000 in cash already has been…
Read MoreMagellan Gold Arranges $900,000 in Bridge Loans for Purchase Option of Flotation Plant in Mexico
Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce it has arranged $900,000 in irrevocable bridge loans in support of its option to purchase the SDA Mill located in the State of Nayarit, Mexico, from Rose Petroleum plc (AIM: ROSE) (“Rose”). The bridge loans are sufficient to complete the cash component…
Read MoreMagellan Gold Extends Option to Purchase Flotation Plant in Mexico
Reno, Nevada – Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce it has reached agreement with Rose Petroleum plc (AIM: ROSE) (“Rose”) to extend the Company’s option to purchase a flotation plant and associated assets, licenses and agreements (together, the “SDA Mill”) located in the State of Nayarit, Mexico. Total…
Read MoreMagellan Gold Responds to Inquiry from OTC Markets Group Concerning Internet Promotional Materials
Reno, Nevada – Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”), a U.S. based mining and exploration enterprise focused on silver and gold, today announced that on July 24, 2017, the Company received a letter from OTC Markets Group Inc. (“OTC Markets”) advising that OTC Markets had become aware of promotional email news letters…
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