Past year: ▼ 61%(6.89c – 30.3c USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 Oct 2017capital raising announcement▼ Bad
Granted 3.6 million stock options to insiders and a 4-million-share restricted award to President W. Pierce Carson, and amended its Articles of Incorporation to raise authorized capital to 1 billion common shares and 25 million preferred shares — a large capacity increase that would shortly be needed for a wave of toxic convertible-note dilution.
30 Oct 2017director interest notice● Neutral
MAGELLAN COPPER & GOLD Corp CFO/Secretary/Treasurer Michael Paul Martinez was credited 250,000 deferred share units under a company plan.
18 Oct 2017material agreement● Neutral
Magellan Gold restructured its SDA Mill purchase to acquire shares of a newly formed Mexican holding company instead of the assets directly, pushing the closing date to the end of December 2017.
11 Oct 2017material agreement termination▼ Bad
Magellan Gold voided its consulting and advertising agreements with Bright Star International and clawed back the 1.5 million shares it had issued as compensation.
29 Sept 2017capital raising announcement● Neutral
Agreed to pay Bright Star International 1,500,000 restricted shares as sole compensation under a new stock-promotion advertising agreement.
25 Sept 2017director interest notice● Neutral
Michael Paul Martinez became a MAGELLAN COPPER & GOLD Corp CFO/Secretary/Treasurer and company insider (initial ownership filing).
12 Sept 2017material agreement▲ GoodMajor
Magellan Gold signed a definitive, binding agreement to buy the SDA Mill from Rose Petroleum, targeting an October 2017 closing.
18 Aug 2017quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported quarterly revenue of $0 and a net loss of $894 thousand for the period ended 2017-06-30.
14 Aug 2017late filing notice▼ Bad
MAGELLAN COPPER & GOLD Corp notified the SEC that its quarterly report would be filed late.
8 Aug 2017capital raising announcement● Neutral
Bright Star International converted the final $3,000 balance of the Neuman note into 3,000,000 shares, closing out that debt.
1 Aug 2017material agreement● Neutral
Magellan Gold extended its option to buy Rose Petroleum's Mexican mill, agreeing to arrange $900,000 in bridge financing by mid-August and to cover the mill's upkeep costs in the meantime.
27 July 2017listing compliance notice▼ BadMajor
OTC Markets flagged Magellan Gold for unusual trading activity tied to unauthorized promotional newsletters and said it was reviewing the company's eligibility to keep trading on the OTCQB; Magellan said it had no role in creating or distributing the materials.
21 July 2017debt financing● Neutral
Magellan Gold borrowed $125,000 from CFO John Power, this time pledging its Rio Silver shares and warrants as collateral.
23 June 2017director interest notice● Neutral
MAGELLAN COPPER & GOLD Corp Chief Financial Officer John C /ca/ Power sold 80,000 shares.
20 June 2017debt financing● Neutral
Magellan Gold borrowed $150,000 more from its CEO, CFO and lead investor and engaged Bright Star International for investor-relations consulting.
19 May 2017quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $122 thousand for the period ended 2017-03-31.
15 May 2017late filing notice▼ Bad
MAGELLAN COPPER & GOLD Corp notified the SEC that its quarterly report would be filed late.
20 Apr 2017capital raising announcement● Neutral
Clifford Neuman converted a further $20,000 of his note into 2,000,000 shares at $0.01, was paid $8,850 cash, and assigned his remaining ~$6,000 note balance to Bright Star International.
30 Mar 2017late filing notice▼ Bad
MAGELLAN COPPER & GOLD Corp notified the SEC that its annual report would be filed late.
8 Mar 2017substantial holder notice● Neutral
JOHN D. GIBBS reported a MAGELLAN COPPER & GOLD Corp shareholding of 36,688,988 shares (56.13% of votes) in a periodic institutional filing.
7 Mar 2017material agreement▲ GoodMajor
Magellan Gold signed a memorandum of understanding to buy an operating flotation mill in Nayarit, Mexico from Rose Petroleum for $1.5 million, a deal CEO Pierce Carson said would transform Magellan from an explorer into a production company.
7 Mar 2017director interest notice● Neutral
MAGELLAN COPPER & GOLD Corp 10%+ owner John D Gibbs sold 104,635 shares.
20 Dec 2016security holder rights change● Neutral
Magellan Gold extended the expiration of warrants from its April 2016 private placement by two months.
14 Nov 2016quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $51 thousand for the period ended 2016-09-30.
27 Oct 2016debt financing▲ GoodMajor
Magellan Gold signed a definitive earn-in agreement with Rio Silver to acquire a 50% interest in the Niobamba Silver/Gold project in Peru by spending $2 million on exploration over three years, expanding beyond its Arizona Silver District property for the first time.
15 Aug 2016quarterly activities report▼ Bad
MAGELLAN COPPER & GOLD Corp reported a quarterly net loss of $271 thousand for the period ended 2016-06-30.
27 July 2016capital raising announcement● Neutral
Merged majority-owned subsidiary Gulf+Western Industries into a wholly-owned merger subsidiary, eliminating the minority interest (held by incoming President W. Pierce Carson) in exchange for 8,623,957 shares of Magellan stock — an internal reorganization coinciding with Carson taking a leading role at the company.
23 May 2016securities registration● Neutral
MAGELLAN COPPER & GOLD Corp filed notice of an exempt private placement.
20 May 2016capital raising announcement▲ Good
Opened a new private placement of units (share plus two classes of warrants) at $0.04, targeting up to $200,000; $85,000 sold in the first closings.
13 May 2016capital raising announcement● Neutral
Noteholder Clifford L. Neuman converted about $23,400 of principal and interest on a $51,532 promissory note into 600,000 shares, leaving roughly $33,000 still outstanding.
