UNITED STATES

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):     December 31, 2014



MAGELLAN GOLD CORPORATION
(Exact Name of Registrant as Specified in its Charter)



       Nevada       

       _333-174287         

    27-3566922    

(State or other jurisdiction
of incorporation)

Commission File
Number

(I.R.S. Employer Identification number)



2010A Harbison Drive # 312, Vacaville, CA  95687
(Address of principal executive offices)                    (Zip Code)


Registrant's telephone number, including area code:   (707) 884-3766

______________________________________________________

(Former name or former address, if changed since last report)



___

Written communications pursuant to Rule 425 under the Securities Act

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act







 

 

ITEM 2.03

CREATION OF A DIRECT FINANCIAL OBLIGATION


        Effective December 31, 2014, Magellan Gold Corporation, a Nevada corporation (the “Company”) entered into a Second Allonge and Modification to Credit Agreement (“Modification”) with John D. Gibbs (“Lender”).   A copy of the Modification is filed herewith.


ITEM 9.01:       EXHIBITS



 

(c)

Exhibit

 

 

 

 

Item

Title

 

 

 

 

10.1

Second Allonge and Modification to Credit Agreement




SIGNATURES


       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.


 

Magellan Gold Corporation

 

 

Date:  January 30, 2015

__/s/ John C. Power

 

John C. Power, President





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