UNITED STATES

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):  June 15, 2017



MAGELLAN GOLD CORPORATION
(Exact Name of Registrant as Specified in its Charter)



       Nevada       

       _333-174287         

    27-3566922    

(State or other jurisdiction
of incorporation)

Commission File
Number

(I.R.S. Employer Identification number)



2010A Harbison Drive # 312, Vacaville, CA  95687
(Address of principal executive offices)                    (Zip Code)


Registrant's telephone number, including area code:   (707) 884-3766

______________________________________________________

(Former name or former address, if changed since last report)



___

Written communications pursuant to Rule 425 under the Securities Act

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act






ITEM 2.03

CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN

OBGLIATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A

REGISTRANT


On June 15, 2017, the Board of Directors of Magellan Gold Corporation, a Nevada corporation (the “Company”), approved three loans evidenced by Promissory Notes (the “Notes”) pursuant to which the Company borrowed from its President, W. Pierce Carson, the principal amount of $25,000, and from John C. Power, its Chief Financial Officer, the principal amount of $25,000 and from John Gibbs, an investor, the principal amount of $100,000.  The Notes are unsecured and are due and payable, together with interest at the rate of 6.00% per annum, on November 15, 2017.  Copies of the Notes are attached hereto as Exhibits 99.1 through 99.3.


ITEM 8.01

OTHER EVENTS


On June 16, 2017, the Company executed and delivered a Consulting Agreement (the “Agreement”) between the Company and Bright Star International, Inc. (“Bright Star”) pursuant to which Bright Star has been engaged by the Company to provide the specific consulting services set forth in the Agreement.  A copy of the Agreement is attached hereto as Exhibit 10.1.


ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS


Item

Title

 

 

10.1

Consulting Agreement

99.1

Promissory Note in favor of W. Pierce Carson

99.2

Promissory Note in favor of John Power

99.3

Promissory Note in favor of John Gibbs



SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 

Magellan Gold Corporation

 

 

Date:  June 16, 2017


By:  

/s/ W. Pierce Carson

W. Pierce Carson, President and CEO




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