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MAGELLAN GOLD Corp (MAGE)
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Create: Alert |
All | News | Filings
| Date Filed | Type | Description |
| 08/30/2012 |
8-K
| Asset disposition|
Docs:
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"Option Agreement",
"FOR IMMEDIATE RELEASE August 29, 2012 Reno, NV --- Magellan Gold Corporation is pleased to announce that it has entered into an option agreement with Columbus Silver Corporation for an aggregate purchase price of US$1,013,200. Magellan paid Columbus Silver US$63,200 on signing the Agreement, and is required to pay a further US$50,000 on or before December 31, 2012, US $400,000 by the end of 2013, and a final $500,000 by the end of 2014 to exercise the option. As of October 1, 2012, Magellan will also be required to maintain the Property in good standing by making all underlying lease and maintenance payments during the course of the option. The Silver District Property consists of 108 unpatented mining claims, 4 patented claims and one state lease, totaling over 2,000 acres. The property ...",
"Option Agreement" |
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