ITEM 7.01 REGULATION FD DISCLOSURE
On November 10, 2020 - Magellan Gold Corporation, a Nevada corporation
("Company"), issued a press release announcing the appointment of William
Luckman as President of Company. A copy of the press release is filed herewith
as Exhibit 99.1.
The position of President was previously held by Michael Lavigne who has now
been appointed to the position of CEO.
The following is biographical information for Mr. Luckman.
William Luckman, age 49 has spent over 25 years enhancing the value of
speculative, early stage public companies both domestically and internationally.
He has served dozens of companies as an advisor, investor, investment banker,
executive and director. His career in corporate finance began in the 1990's when
he transitioned from traditional banking to investment banking. Serving
initially as an advisor to a European institution, his business expanded to
advising mostly foreign companies and investors on US capital markets. Since
2013 Mr. Luckman has focused on value added investing in small public companies;
unlocking value through creating and pursuing cohesive investment theses as it
relates to execution either operationally, M&A activity and/or fund raising.
Mr. Luckman attended University of Illinois at Champaign and Northwestern
University in Evanston, IL.
In consideration of services rendered as President of the Company, the Board has
authorized a grant of restricted stock units consisting of 42,000 shares of
restricted stock units per month, subject to conditions contained in a
Restricted Stock Unit Agreement between the Company and Mr. Luckman. A copy of
the Restricted Stock Unit Agreement is filed herewith as Exhibit 10.1.
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