4//SEC Filing
Gold Express Mines, Inc. 4
Accession 0001683168-24-000316
CIK 0001515317other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 7:11 PM ET
Size
7.7 KB
Accession
0001683168-24-000316
Insider Transaction Report
Form 4
Gold Express Mines, Inc.
10% Owner
Transactions
- Purchase
Common Stock
2023-03-23$0.14/sh+1,000,000$140,000→ 6,000,000 total - Other
Common Stock
2023-12-29+250,000→ 6,250,000 total
Footnotes (3)
- [F1]Represents shares acquired in a private placement pursuant to a Subscription Agreement, dated March 23, 2023, between Magellan Gold Corp. (the "Issuer) and the Reporting Person.
- [F2]John P. Ryan, Howard Crosby, James Czirr and Terrence Dunne are the four directors of the Reporting Person. Any action by the Reporting Person, including voting and dispositive decisions, requires a vote of three out of the four directors of the board of directors. Under the so-called "rule of three", because voting and dispositive decisions are made by three out of four directors of the board of directors, none of the directors is deemed to be a beneficial owner of shares held by the Reporting Person, even those in which he or she directly holds a pecuniary interest.
- [F3]Represents shares issued to the Reporting Person as an inducement for the Reporting Person assume all of AJB Capital Investments LLC's ("AJB") right, title, obligation, liability and interest in, to and under that certain Promissory Note, dated February 2021 (the "Promissory Note") issued by the Issuer to AJB. The aggregate principal amount of the Promissory Note outstanding is $100,000.
Documents
Issuer
MAGELLAN GOLD Corp
CIK 0001515317
Entity typeother
IncorporatedNV
Related Parties
1- filerCIK 0001817351
Filing Metadata
- Form type
- 4
- Filed
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 7:11 PM ET
- Size
- 7.7 KB