SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
(Exact Name of Registrant as Specified in its Charter)
(State or other jurisdiction
(I.R.S. Employer Identification number)
P.O. Box 114, 60 Sea Walk Drive
The Sea Ranch, CA 95497
(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)
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