Common shares sold in deal at $0.01 apiece to finance working capital
By Devika Patel
Knoxville, Tenn., July 16 - Magellan Gold Corp. completed a $30,000 private placement of stock with a single investor on July 10, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 3 million common shares at $0.01 per share.
Proceeds will be used for working capital.
The private company is based in the Sea Ranch, Calif., and explores for gold.
| Issuer: | Magellan Gold Corp.
|
| Issue: | Common stock
|
| Amount: | $30,000
|
| Shares: | 3 million
|
| Price: | $0.01
|
| Warrants: | No
|
| Settlement date: | July 10
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
