14 Nov 2022late filing notice▼ Bad
MAGELLAN COPPER & GOLD Corp notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Aug 2022quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $432 thousand for the period ended 2022-06-30.
29 Mar 2022late filing notice▼ Bad
MAGELLAN COPPER & GOLD Corp notified the SEC that its annual report would be filed late.
15 Nov 2021quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $461 thousand for the period ended 2021-09-30.
3 Nov 2021securities registration● Neutral
MAGELLAN COPPER & GOLD Corp amended a filing by which it filed a Regulation A offering statement.
29 Sept 2021securities registration● Neutral
MAGELLAN COPPER & GOLD Corp amended a filing by which it filed a Regulation A offering statement.
28 Sept 2021securities registration● Neutral
MAGELLAN COPPER & GOLD Corp filed a Regulation A offering statement.
16 Aug 2021quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $633 thousand for the period ended 2021-06-30.
13 Aug 2021quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $633 thousand for the period ended 2021-06-30.
20 July 2021capital raising announcement▲ GoodMajor
Eight investors exercised warrants for 1,435,000 shares at $0.20 cash, and five Series A Preferred holders converted 192,269 preferred shares (about 79% of the 2019 issuance) plus $356,123 of accrued unpaid dividends into common stock — real cash coming in at a much healthier price than the 2017-2018 toxic notes, and most of the 2019 preferred restructuring converting through, though the unpaid dividends still point to ongoing cash constraints.
18 May 2021quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $774 thousand for the period ended 2021-03-31.
17 May 2021quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $774 thousand for the period ended 2021-03-31.
23 Apr 2021capital raising announcement▼ BadMajor
Sold AJB Capital Investments a $200,000 (net $184,000) toxic convertible note priced at 90% of the lowest trading price over the preceding 20 days, plus 266,667 shares as a commitment fee — evidence the company remained financially active (not fully dormant) in early 2021 and still reliant on predatory financing.
31 Mar 2021late filing notice▼ Bad
MAGELLAN COPPER & GOLD Corp notified the SEC that its annual report would be filed late.
22 Jan 2021substantial holder notice● Neutral
JOHN C. POWER reported a MAGELLAN COPPER & GOLD Corp shareholding of 238,019 shares (9.19% of votes) in a periodic institutional filing.
12 Jan 2021director interest notice● Neutral
MAGELLAN COPPER & GOLD Corp insider John C /ca/ Power gifted 25,000 shares.
13 Nov 2020quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $585 thousand for the period ended 2020-09-30.
11 Sept 2020securities registration● Neutral
MAGELLAN COPPER & GOLD Corp amended a filing by which it filed notice of an exempt private placement.
30 July 2020quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $2.2 million for the period ended 2020-06-30.
17 July 2020capital raising announcement▼ Bad
Issued 500,000 shares to two investor-relations firms for promotional services, around the time the company was defaulting on other obligations and losing its Mexican production assets.
20 May 2020securities registration● Neutral
MAGELLAN COPPER & GOLD Corp filed notice of an exempt private placement.
12 May 2020late filing notice▼ Bad
MAGELLAN COPPER & GOLD Corp notified the SEC that its annual report would be filed late.
7 May 2020asset acquisition disposition▼ BadMajor
Magellan Gold defaulted on $1.05 million of notes and surrendered the Mexican subsidiaries holding its SDA Mill and El Dorado prospect to noteholders in full satisfaction of the debt, losing the production assets it had spent over two years building.
15 Jan 2020material agreement● NeutralMajor
Magellan Gold agreed to sell its original Silver District property in Arizona to NV Gold Corporation for cash, shares and a work commitment, refocusing entirely on its Mexican production and Santa Maria financing plans.
14 Nov 2019quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported quarterly revenue of $0 and a net loss of $3.7 million for the period ended 2019-09-30.
12 Nov 2019substantial holder notice● Neutral
JOHN C. POWER reported a MAGELLAN COPPER & GOLD Corp shareholding of 263,019 shares (17.02% of votes) in a periodic institutional filing.
8 Nov 2019substantial holder notice● Neutral
JOHN D. GIBBS reported a MAGELLAN COPPER & GOLD Corp shareholding of 1,340,773 shares (60.40% of votes) in a periodic institutional filing.
18 Oct 2019material agreement▲ GoodMajor
Magellan Gold agreed to a 150-day option to acquire Golden Minerals' Santa Maria gold-silver project in Chihuahua, Mexico, its third Mexican property, for $1 million cash plus a royalty.
7 Oct 2019capital raising announcement▲ GoodMajor
Restructured $2,422,694 of accumulated debt owed to five investors into 242,270 shares of new 10%-coupon Series A Convertible Preferred Stock (convertible at $1.00/share) — a major deleveraging that swapped a crushing, dilutive debt load for equity with full voting rights.
29 Aug 2019securities registration● Neutral
MAGELLAN COPPER & GOLD Corp filed notice of an exempt private placement.