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 Report: September 13, 2000
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.)
12401 South 450 East, Building D2, Suite A, Salt Lake City, Utah 84020
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (801) 619-9320
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Item 5. Other Events
On August 24, 2000 Golden Eagle International, Inc. entered into an
agreement with Frost Bank of Houston, Texas, extending the maturity date on
Golden Eagle's $1 million line of credit from June 1, 2000 to December 1,
2000. The Company used the entire credit line available under the Frost Bank
loan during 1997. Pursuant to the loan's terms, the Company must pay monthly
interest at a rate of 9.5% per annum (approximately $7,000 per month) and on
the maturity date is responsible for the principal plus any accrued, but
unpaid interest. The Company's management believes, but cannot assure, that
the Company may be able to negotiate additional extensions of the maturity
date if necessary. The loan continues to be guaranteed by two Seydler Family
Trusts, and Mary A. Erickson, a former officer and director, significant
shareholders of the Company; in addition to Ronald A. Knittle, a former
officer and director, who does not own shares of the Company.
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 of the
undersigned thereunto duly authorized.
Date: September 13, 2000 Golden Eagle International, Inc.
By: /s/ Terry C. Turner
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Terry C. Turner, President
