Gene, Please note especially, bottom of paragraph #3:
<<DENVER--(BUSINESS WIRE)--May 12, 1998--Golden Eagle International, Inc. (OTC Bulletin Board: MINE -
news) announced today that, in regard to the recently filed civil case by the Securities and Exchange
Commission, the Company has been aware of and active in settling the case for more than two years.
The Company believes it has reached a settlement agreement with the SEC and that it will be submitted to the
Commission for approval in the near future.
In addition, the Company stated that Ronald A. Knittle resigned as Golden Eagle's president two years ago in
May, 1996, and Timberline Consultants, Inc. has not represented the Company in over two years. As stated in
the news release issued by the SEC, no penalties are being sought against Golden Eagle by the SEC.
The Company continues to move forward with its gold mining and exploration operations in Cangalli, Bolivia.
According to Golden Eagle president Terry C. Turner, ''these allegations represent actions from more than two
years ago. In the two-year interim since the alleged activity by the Company's officers, the Company's new
management has diligently sought to issue accurate information. The Company will, in the near future, file a
Form 8-K periodic report addressing the issues raised by the SEC's filing.''>>
Current talk about this on SA thread is by those who missed out and would like to get another chance. |
