MAGELLAN GOLD Corp - 10-Q filing on 2020-11-13

12. Subsequent Events	9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 12 – Subsequent Events In October 2020, the Company received net proceeds of $16,000 from the exercise of 80,000 warrants. Subsequent to September 30, 2020, Mr. Power has made advances of $10,750. Effective November 1, 2020, the Company and William Luckman, executed a Restricted Stock Unit Agreement pursuant to which the Company agreed to grant to Mr. Luckman, in consideration of services to be rendered as President, restricted stock units consisting of 42,000 units for each month of service. The vested stock units will be settled in shares of common stock upon or as soon as practicable (a) upon written request any time after June 30, 2021 or (b) following the termination date, whichever occurs first.

12. Subsequent Events

9 Months Ended

Sep. 30, 2020

Note 12 – Subsequent Events

In October 2020, the Company received net proceeds of $16,000 from the exercise of 80,000 warrants.

Subsequent to September 30, 2020, Mr. Power has made advances of $10,750.

Effective November 1, 2020, the Company and William Luckman, executed a Restricted Stock Unit Agreement pursuant to which the Company agreed to grant to Mr. Luckman, in consideration of services to be rendered as President, restricted stock units consisting of 42,000 units for each month of service. The vested stock units will be settled in shares of common stock upon or as soon as practicable (a) upon written request any time after June 30, 2021 or (b) following the termination date, whichever occurs first.