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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: HEMI who wrote (21622)	2/23/2000 10:26:00 AM
From: john	Read Replies (1) \| Respond to of 34075

" NO WAY MR.ED WHALEN" Ed Whalen, he!! I am not that old, LOL.

To: HEMI who wrote (21622)	2/23/2000 12:26:00 PM
From: Tim Davies	Read Replies (1) \| Respond to of 34075

lol.. a malfunction at the junction.. a face off in the old squared cirlce tim

To: HEMI who wrote (21622)	2/23/2000 1:48:00 PM
From: larry hart	Read Replies (1) \| Respond to of 34075

Sunday February 20, 5:13 pm Eastern Time Mining Co. Pres Cleared of Fraud DENVER (AP) -- The president of a mining company who announced a multibillion-dollar gold find in Bolivia was cleared of violating federal securities law. Federal District Judge Weinshienk, in a ruling issued Friday in Denver, said Golden Eagle International President Terry Turner might have issued the announcement prematurely, but he was not reckless. Weinshienk said Turner acted reasonably in concluding a well-credentialed geologist's report of ``world-class gold reserves' on the company's mining properties was accurate. The report later was found to be flawed. Turner's announcement on May 22, 1998, triggered an increase in the Salt Lake City company's penny stock, from 12 cents a share to a high of almost 60 cents before the Securities and Exchange Commission suspended trading. The SEC alleged Turner knowingly or recklessly issued a false announcement, which reported Bolivian geologist Guido Paravicini's discovery of an estimated 236 million ounces of gold in a mining region the company controls in Cangalli, Bolivia. In a four-day trial, SEC attorneys argued Turner had not even thoroughly read Paravicini's final report, which was later criticized by other experts as deeply flawed. In September 1998, Golden Eagle reported in SEC filings there was insufficient basis to claim such staggering reserves. The stock price sank to 25 cents a share. But securities regulators contend Turner continued to mislead investors because he didn't issue a news release retracting the company's initial claims. Weinshienk said the company's SEC filings gave sufficient notice of the study's revised figures. But she strongly advised Turner, a mining lawyer, to either promptly remove the May 1998 press release from the company's Web site or issue a new one saying the study contained flawed calculations. Weinshienk rejected the SEC's recommendations to fine Turner $50,000 and issue an injunction against him on the basis that he is likely to continue making exaggerated claims. ``The court is persuaded that there will not be a problem in the future,' Weinshienk said. ``I'm sure he'll consult with his securities attorneys in the future.' Golden Eagle's claim came in the wake of a worldwide slump in gold prices to less than $300 an ounce and a false report of a similar-sized deposit by Canadian Bre-X Minerals, whose claims turned into the largest scandal in the gold industry. -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright ¸ 2000 Yahoo! All Rights Reserved. Privacy Policy - Terms of Service Copyright 2000 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press. Questions or Comments

To: HEMI who wrote (21622)	2/23/2000 2:10:00 PM
From: Jim Bishop	Read Replies (3) \| Respond to of 34075

Hemmidude if you're doing DA MAN today, I'd say .25 is a no brainer. LOL but I can tell you for sure, they won't give me .25 for any.

To: HEMI who wrote (21622)	2/23/2000 3:38:00 PM
From: larry hart	Respond to of 34075

More news about the trial that are coming through on the threads: NewsAlert.com February 23, 2000 15:15 Federal Court Finds in Favor of Golden Eagle's President in Lawsuit With The SEC SALT LAKE CITY--(BUSINESS WIRE)--Feb. 23, 2000--Golden Eagle International, Inc. (OTC Pink Sheets:MYNG) announced today that on February 18, 2000, the Federal District Court in Denver, Colorado, found in favor of Golden Eagle's President, Terry C. Turner, in a civil action filed by the Securities and Exchange Commission. In SEC v. Golden Eagle, et al, the SEC alleged that Mr. Turner, as the Company's President, had violated certain provisions of the securities laws by releasing the results of a proven reserve estimate regarding the Cangalli gold deposit made in a geological report that Golden Eagle International, Inc. had received in May of 1998. That report had been prepared by an independent geological and mining engineering consulting firm in La Paz, Bolivia. Golden Eagle had subsequently announced that the company had reservations about the proven reserve calculation and was not claiming any proven reserves in its filings with the SEC. After four days of testimony, the Honorable Zita L. Weinshienk, Federal District Court Judge for Colorado, found that the SEC had not proven that Mr. Turner had committed any of the alleged securities violations and entered judgment for Mr. Turner on all claims. Golden Eagle International, Inc. is a gold exploration and mining company located in Salt Lake City, Utah. The Company is currently focusing its efforts on developing its mining rights in Tipuani Gold Mining District in Bolivia. For more information about the Company, call Sabrina Martinez at (801) 619-9320 or Guy Murrel at (303) 581-7760. Media inquires should be directed to Mr. Murrel. Golden Eagle can also be found at its website: www.geii.com, where management recommends that all shareholders and prospective shareholders review its Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K. The future conduct of Golden Eagle's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that Golden Eagle will be able to conduct its operations as contemplated. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks which are beyond Golden Eagle's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to, the risks described in the above press release; those risks set out in Golden Eagle's disclosure documents and its annual, quarterly and periodic reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, negative working capital, and no historical profitability. Golden Eagle disclaims any obligation to update any forward-looking statement made herein. CONTACT: Golden Eagle International, Inc., Salt Lake City Sabrina Martinez, 801/619-9320 or Catapult PR-IR, Boulder, Colo. Guy Murrel, 303/581-7760 - MYNG Price 1/4 Net Change +0.05 Volume (000) 3 Day High 1/4 Day Low 0.187 as of 02/23/00 15:28 PM EST newsalert.com an online publication of News Alert LLC 108 E 31 Street, New York, N.Y. 10016 Telephone: 212 843 6060 Fax: 212 889 5281 How to reach us: Advertise / Co-Branding / WebMaster