SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: September 18, 1996
GOLDEN EAGLE INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-23726 84-1116515
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
4949 South Syracuse Street, Ste. #300, Denver, Colorado 80237
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 303-694-6101
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Item 1. Changes in Control of Registrant
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None.
Item 2. Acquisition or Disposition of Assets
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The Company's subsidiary in Bolivia, Golden Eagle Bolivia Mining, S.A. (87%
owned) entered into a mining development contract with a Bolivian gold mining
cooperative on January 25, 1996, for the mining rights to 11 concessions along
the Tipuani River in Bolivia. Pursuant to that contract, the Company has
assisted the cooperative in perfecting the title interest in the concessions.
Those title interests have now been perfected. With the cooperatives' title work
now in order, the Company's Bolivian subsidiary can now register its contract
with the cooperative with the Bolivian Notary of Mines, which will result in a
document titled: Contract Protocol. Executives and legal counsel for the
Company's Bolivian subsidiary have also negotiated several new terms and
conditions with the cooperative which will be very beneficial for the Company.
These new terms and conditions are being incorporated into the Contract Protocol
registered with the Bolivian Notary of Mines. The Company has not yet determined
whether the mining rights it owns pursuant to its contract with the cooperative
will be developed in-house, on a joint-venture basis or under a farmout
arrangement.
Item 3. Bankruptcy or Receivership
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None.
Item 4. Changes in Registrants Certifying Accountant
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None.
Item 5. Other Events
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a. Ron Sparkman was appointed as interim President on May
4, 1996, and resigned on July 4, 1996.
b. Registrant's majority owned subsidiary, Golden Eagle Bolivia
Mining, S.A., has reached the paleocanal inside its
exploratory shaft on the Cangalli prospect in Bolivia. Initial
sample testing results show significant gold content.
The paleocanal is an ancient river bed that lies about 1200
ft. below the surface of the mine entrance and runs parallel
to the Tipuani River. This canal has been known to contain
significant deposits of gold ore. The Cangalli property has
been evaluated by the
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Company's geologist, Giovanni Viscarra, to have potential for
such deposits.
The Company also announced that it has come to an agreement
with a Bolivian mining company to purchase some of the
necessary equipment to mine and process the material from the
Cangalli property.
c. The Company is in the process of completing an audit
for year ended December 31, 1995, which commenced the
month of September, 1996.
d. The Company has been cooperating in the SEC
investigation of the Company and its activities. No
formal resolution of the investigation can be forecast
at this point.
e. Mary Erickson was appointed President on July 15, 1996.
Item 6. Resignation of Directors
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Ron Knittle resigned as a Director and officer of the Company effective
in May, 1996.
Item 7. Financial Statements Pro Forma Financial & Exhibits
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Financials - None.
Exhibits - None.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: September 18, 1996 GOLDEN EAGLE INTERNATIONAL, INC.
By: /S/ MARY A. ERICKSON
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President
