For every semester Students can apply for the revaluation after the announcement of the main examination results. Rayalaseema University will take a week to process the exam papers to announce the Rayalaseema University Revaluation Results. Do stay updated with this page to know about the Revaluation Results. The Authorities of Karnataka Bank has decided to conduct the exam on 16th February 2020.
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The note is collateralized by our investment in Rio Silver shares and warrants. At both June 30, 2019 and December 31, 2018, the note balance was $125,000. A total of $22,438 and $15,000 of interest is accrued on these notes as of June 30, 2019 and December 31, 2018, respectively and is included in accrued interest – related parties on the accompanying consolidated balance sheets.
Exploration costs comprised of professional geologic fees associated with our Silver District claims. During the three months ended June 30, 2019 our total revenues were $0 as compared to $122,829 during the same period in 2018. Revenue for 2018 was generated from the sale of tailings left from operations prior to our acquisition of the SDA Mill. At June 30, 2019 and December 31, 2018, $5,000 and $28,000 lexatrade cheating of fees were due to Mr. Martinez and are included in accrued liabilities on the accompanying consolidated balance sheets. For purposes of calculating operating lease liabilities, lease terms may be deemed to include options to extend the lease when it is reasonably certain that the Company will exercise those options. The Company does not currently believe leases are reasonably certain of being renewed.
Form 424b3 Magellan Gold Corp
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The advances are due on demand and have no stated interest rate. On May 31, 2017 we entered into three short-term notes with Mr. Gibbs, Dr. Carson and Mr. Power in the principal amounts of $100,000, $25,000 and $25,000, respectively. The notes bear interest at 6% and matured on November 15, 2017. The note balances were subsequently rolled into the Series 2017 Notes. A total of $3,760 and $3,760 of interest is accrued on these notes as of June 30, 2019 and December 31, 2018, respectively.
The Company paid the initial advance royalty payments totaling $3,000 and advance royalty payments of $3,000 to maintain these Agreements. Due to an uncertainty associated with the clarification of the legal forex brokers title for these two patented lode claims, these payments have not been capitalized as mining rights, and therefore are included in exploration costs during the period in which the obligation was due.
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Rose owned 1 share of Series A capital stock of Minerales Vane S.A. (“Minerales Vane 1”) and Vane Minerals Limited (“Vane UK”) owned 49,999 shares of Series A capital stock and 26,524,000 shares of Series B capital stock of Minerales Vane 1. “Disability” means the inability to perform services on the Board by reason of any medically determinable physical or mental impairment that is expected to result in death or last for a continuous period of not less than twelve months. The Committee may require such proof of Disability as the Committee in its sole discretion deems appropriate and the Committee’s good faith determination as to whether and when you are totally and permanently disabled will be final and binding on all parties concerned. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number and class of securities subject to the Stock Units that are nonvested and forfeitable will, without further action of the Committee, be adjusted to reflect such event.
For the six months ended June 30, 2019 and 2018, potential common shares associated with convertible notes payable and outstanding warrants to purchase common stock have been omitted from the net loss per common share computation as they are anti-dilutive due to the net loss for these periods. On September 30, 2014, we formed and organized a new wholly-owned subsidiary, Gulf + Western Industries, Inc., a Nevada corporation (“Gulf+Western” or “G+W”), to own our Silver District mining interests. On October 1, 2014 we completed the transfer of those assets from Magellan to G+W. At the time of the transfer, Magellan owned all the outstanding common stock of G+W. Effective December 31, 2014, Magellan pledged all its ownership interest in G+W to Mr. John D. Gibbs, a significant shareholder in the Company, as security for outstanding amounts under a line of credit agreement between Magellan and Mr. Gibbs. As of June 30, 2019, the total amount owed under the credit agreement was $1,160,955, which includes $869,550 of principal and $291,405 of accrued interest.
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- This Agreement (the “Agreement”) evidences the Award of the Stock Units.
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The purchase price of the Note is equal to the principal amount of the Note. The Series A and Series B Notes are convertible into shares of Common Stock at a conversion price of $1.00 and $1.25, respectively, during the life of the Note. The Company evaluated the conversion option and concluded it was not required to be bifurcated as a derivative. The Company also concluded that no beneficial conversion feature was present at issuance. The Notes will accrue interest at the rate of 10% per annum, payable quarterly in arrears. The maturity date can be extended at the option of the Company for an additional one year.
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