Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 31, 2013
MAGELLAN GOLD CORPORATION
P.O. Box 114, 60 Sea Walk Drive
The Sea Ranch, CA 95497
Registrant's telephone number, including area code: (707) 884-3766
(Former name or former address, if changed since last report)
Effective August 23, 2011, Magellan Gold Corporation, a Nevada corporation (the Company) entered into a loan, evidenced by a Promissory Note (the Note) pursuant to which the Company borrowed from its President, John C. Power, the principal amount of $20,000. The Note is unsecured and is due and payable, together with interest at the rate of 6% per annum on or before January 1, 2013.
Effective January 31, 2013 the Company and John C. Power executed an Amendment No. 1 to the $20,000 Promissory Note modifying the Maturity Date to 30 days written demand.
ITEM 9.01: FINANCIAL STATEMENTS AND EXHIBITS
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.