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: February 4, 1999
GOLDEN EAGLE INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Colorado 0-23726 84-1116515
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
4949 South Syracuse Street, Suite 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 5. Other Events
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Golden Eagle International, Inc. (referred to herein as "Golden Eagle" or
"GEI") has entered into an agreement with the staff of the Central Regional
Office (Denver, Colorado) of the Securities and Exchange Commission (the "SEC")
to settle a civil action brought by the SEC against GEI. The agreement is not
binding on the full Commission, but will be submitted to the SEC in Washington,
D.C. for approval. If approved by the SEC and the Court, GEI will be dismissed
from the action entitled, SEC v. Golden Eagle International, Inc., et al.
pending in the United States District Court for Colorado.
GEI has agreed to consent to the entry of a final judgment against it in
that civil action "without admitting or denying any of the allegations in the
SEC's complaint." When finalized, the Court will enter final judgment against
GEI "restraining and enjoining it from engaging in transactions, acts,
practices, and courses of business which constitute or would constitute
violations" of specific sections of the Securities Act of 1933 and the
Securities Exchange Act of 1934. The individuals named in the SEC's complaint,
including GEI's two current directors and officers, are continuing negotiations
with the staff of the SEC's Central Regional Office for the resolution of the
civil action against them.
If approved by the SEC and the Court, the agreement will not result in any
monetary fine or penalty being assessed against GEI, and GEI will be able to
pursue its business without the spectre of the litigation.
GEI's president, Terry C. Turner, commented from the Company's offices in
Bolivia:
"This is a very important day for Golden Eagle and its shareholders. The
Company steps out from under a shadow and resolves all questions raised by
the staff of the SEC. Golden Eagle's management is committed to timely and
accurate reporting, to seeing the Company through the current extremely low
prices in the minerals industry, and to the eventual development of its
Cangalli, Bolivia gold prospect as described in Golden Eagle's annual
report on Form 10-K and subsequently-filed reports under the Securities
Exchange Act of 1934."
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. Media
inquiries should be directed to Richard Pinto at (212) 688-8599.
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: February 4, 1999 Golden Eagle International, Inc.
By: /s/ Terry C. Turner
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Terry C. Turner, President
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