TriPower Resources, LLC acquired Gulf + Western Industries, Inc. from Magellan Gold Corporation (OTCPK:MAGE) on July 1, 2020. As part of the agreement, Magellan Gold sold Gulf + Western in consideration of the surrender for cancellation of an aggregate of 0.05 million shares of Series A Preferred Stock owned by John Gibbs, who is a control person of Tripower. TriPower Resources, LLC completed the acquisition of Gulf + Western Industries, Inc. from Magellan Gold Corporation (OTCPK:MAGE) on July 1, 2020.