VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 15, 2016) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that it has paid the US$855,000 to ASX listed Troy Resources Ltd. ("Troy") relating to the purchase of Troy's gold processing plant and related assets that was due on March 15, 2016. The payment was funded by a secured convertible debenture provided by Anfield Nickel Corp. ("Anfield").
