GOLDEN EAGLE INTERNATIONAL INC
8-K, 1999-03-19
FINANCE SERVICES
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                       SECURITIES AND EXCHANGE COMMISSION
                                 Washington, DC


                                    FORM 8-K


                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934



                         Date of Report: March 17, 1999



                        GOLDEN EAGLE INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)



    Colorado                        0-23726                      84-1116515
    --------                        -------                      ----------
(State of other                   (Commission                  (IRS Employer
jurisdiction of                   File Number)               Identification No.)
incorporation)


          4949 South Syracuse Street, Suite 300, Denver, Colorado 80237
          -------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (303) 694-6101


<PAGE>



Item 5. Other Events
        ------------

     The Federal  District  Court for the  District of Colorado  has entered its
final  judgment  against  Golden Eagle  International,  Inc.  settling the civil
action against the Company entitled:  SEC v. Golden Eagle  International,  Inc.,
98-Z-1020.  Golden Eagle,  without  admitting or denying the  allegations in the
SEC's Complaint, agreed not to violate certain provisions of the securities laws
in the future. Golden Eagle was not assessed a civil or monetary penalty as part
of the final settlement.

     Although  Golden  Eagle has settled the SEC  allegations  against it, other
defendants  remain in the civil  action,  including  two  current  officers  and
directors, as well as a former officer and director.  Negotiations are currently
underway for the settlement of the allegations against the remaining defendants.

     Golden  Eagle  International,  Inc.  is  a  Denver-based  gold  mining  and
exploration company. The Company is currently focusing its efforts on developing
its mining rights in Cangalli,  Bolivia. For more information about the Company,
call Sabrina Martinez at (303) 694-6101 or Guy Murrel at (303) 581-7760.


                                   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:  March 17, 1999                    Golden Eagle International, Inc.




                                         By: /s/ Terry C. Turner
                                            ------------------------------------
                                            Terry C. Turner, President



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