Gold Express Mines Discloses Significant Stake in Magellan Gold

TL;DR

**Gold Express Mines just took a big bite of Magellan Gold, watch for potential shake-ups!**

AI Summary

Gold Express Mines, Inc. has filed an initial Schedule 13D, indicating it has acquired a significant stake in Magellan Gold Corporation. The filing, dated January 16, 2024, reports that the event triggering this disclosure occurred on January 3, 2023. This matters to investors because Gold Express Mines, Inc. now holds a substantial ownership position, potentially signaling future strategic involvement or a change in control for Magellan Gold Corporation, which could influence its stock price and operational direction.

Why It Matters

This filing reveals a new major shareholder, Gold Express Mines, Inc., which could lead to strategic changes or influence Magellan Gold Corporation's future business decisions.

Risk Assessment

Risk Level: medium — A new significant shareholder can introduce both opportunities and risks, such as changes in management or business strategy, which could impact stock value.

Analyst Insight

A smart investor would monitor future filings from Gold Express Mines, Inc. and Magellan Gold Corporation for any indications of strategic plans, board appointments, or further share acquisitions/dispositions, as this new significant ownership could precede material changes.

Key Players & Entities

• Gold Express Mines, Inc. (company) — reporting person and significant shareholder
• MAGELLAN GOLD Corp (company) — subject company
• John P. Ryan (person) — person authorized to receive notices for Gold Express Mines, Inc.
• Joseph Walsh, Esq. (person) — legal counsel for Gold Express Mines, Inc.
• Troutman Pepper Hamilton Sanders LLP (company) — law firm representing Gold Express Mines, Inc.
• $0.001 (dollar_amount) — par value per share of Magellan Gold Corporation common stock

FAQ

Key Financial Figures

• $0.001 — ATION (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of
• $0 — Promissory Note at an exercise price of $0.0585, which is 90% of the $0.065, the l
• $140,000 — son, for an aggregate purchase price of $140,000. On December 29, 2023, the Issuer, the
• $200,000 — 021 in the original principal amount of $200,000 (the “Promissory Note”) iss
• $100,000 — t of the Promissory Note outstanding is $100,000. The Promissory Note bears interest at

Filing Documents

• mage_sch13d.htm (SC 13D) — 53KB
• mage_ex1.htm (EX-1) — 90KB
• mage_ex2.htm (EX-2) — 20KB
• mage_ex4.htm (EX-4) — 42KB
• mage_ex6.htm (EX-16) — 150KB
• mage_ex7.htm (EX-7) — 18KB
• mage_ex8.htm (EX-8) — 18KB
• mage_ex9.htm (EX-9) — 14KB
• mage_ex10.htm (EX-10) — 11KB
• mage_ex11.htm (EX-11) — 12KB
• image_001.jpg (GRAPHIC) — 125KB
• image_002.jpg (GRAPHIC) — 137KB
• image_003.jpg (GRAPHIC) — 276KB
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• image_006.jpg (GRAPHIC) — 180KB
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• image_009.jpg (GRAPHIC) — 265KB
• image_010.jpg (GRAPHIC) — 307KB
• image_011.jpg (GRAPHIC) — 298KB
• image_012.jpg (GRAPHIC) — 279KB
• image_013.jpg (GRAPHIC) — 72KB
• image_014.jpg (GRAPHIC) — 84KB
• image_015.jpg (GRAPHIC) — 49KB
• image_016.jpg (GRAPHIC) — 150KB
• image_031.jpg (GRAPHIC) — 88KB
• image_032.jpg (GRAPHIC) — 62KB
• 0001683168-24-000302.txt ( ) — 5048KB

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Not applicable.

MATERIAL TO BE FILED AS EXHIBITS

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1 – Asset Purchase Agreement, dated December 15, 2022, between Magellan Gold Corporation and Gold Express Mines, Inc. Exhibit 2 – Subscription Agreement, dated March 23, 2023, between Magellan Gold Corporation and Gold Express Mines, Inc. Exhibit 3 – Agreement, dated as of December 29, 2023, between Magellan Gold Corporation and Gold Express Mines, Inc. (incorporated by reference to Exhibit 10.1 to Magellan Gold Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 8, 2024) Exhibit 4 – Assignment and Assumption Agreement, dated as of January 2, 2024, among AJB Capital Investment LLC, Gold Express Mines, Inc. and Magellan Gold Corporation Exhibit 5 – Purchase Agreement, dated January 7, 2024, between Magellan Gold Corporation and Gold Express Mines, Inc. (incorporated by reference to Exhibit 10.1 to Magellan Gold Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 11, 2024). Exhibit 6 – Promissory Note of Magellan Gold Corporation dated February 2021. Exhibit 7 – Modification of Promissory Note, dated February 9, 2022. Exhibit 8 – Modification of Promissory Note, dated May 11, 2022. Exhibit 9 – Modification of Promissory Note, dated August 9, 2022. Exhibit 10 – Modification of Promissory Note, dated January 11, 2023. Exhibit 11 – Modification of Promissory Note, dated August 9, 2023. 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 16, 2024 GOLD EXPRESS MINES, INC. By: _ /s/ John P. Ryan ____________________________ Name: John P. Ryan Title: Chief Executive Officer ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (See 18 U.S.C. 1001).

View Full Filing

View this SC 13D filing on SEC EDGAR