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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>UNITED STATES<BR>SECURITIES AND EXCHANGE
COMMISSION <BR><U>Washington, D.C. 20549 </U></B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>FORM 8-K</B> </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CURRENT REPORT

<BR>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</B> </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <B>Date of Report: June 10, 2008</B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Golden Eagle
International, Inc.</B>  </FONT></P>

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<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact Name of Registrant as
Specified in its Charter) </FONT></P>


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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=38% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Colorado</B></U></FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>0-23726</B></U></FONT></TD>
     <TD WIDTH=32% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>84-1116515</B></U></FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or Other</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Commission</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(I.R.S. Employer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jurisdiction of</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>File Number)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Identification</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Incorporation)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>No.)</FONT></TD></TR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>9661 South 700 East, Salt Lake City, Utah 84070</B> </U><BR>(Address of Principal
Executive Offices) (Zip Code) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>(801) 619-9320</B> </U><BR>(Registrant&#146;s
Telephone Number, Including Area Code) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>Not applicable</B></U>  <BR>(Former Name or Former
Address, If Changed Since Last Report.) </FONT></P>
<BR><BR><BR>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Section 1 &#150;
Registrant&#146;s Business and Operations </FONT></H1>

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<A NAME=A018></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Item 1.02 Termination of
a Material Definitive Agreement</I> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
June 10, 2009, Golden Eagle International, Inc. (the &#147;Company&#148; ) received a
notice (the &#147;Notice&#148;) from Queenstake Resources USA, Inc.
(&#147;Queenstake&#148;), the wholly owned subsidiary of Yukon-Nevada Gold Corp.,
(&#147;YNG&#148;), advising the Company that Queenstake allegedly terminated the agreement
between the Company and Queenstake regarding the operation of the Jerritt Canyon gold mill
(the &#147;Mill&#148;). The Notice provides that Queenstake believes that the termination
was effective immediately. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
October 14, 2008, we entered into a Mill Operating Agreement (the &#147;Agreement&#148;)
with Queenstake. The material terms of the Agreement are described in Current Report on
Form 8-K dated January 15, 2009. From mid-September 2008 until March 25, 2009 the Company
performed maintenance and environmental regulatory compliance functions at the Mill and
assisted Queenstake in securing approval from the Nevada Division of Environmental
Protection to restart operations at the Mill. The Company has operated the Mill since
March 2009 after approval to restart milling operations was approved by all regulatory
agencies. The Company was not aware of any dissatisfaction from Queenstake regarding the
recent operation of the Mill and did not expect to receive the Notice. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company believes that the Agreement continues to be effective and binding between the
parties. As such, and because it does not comply with the Agreement&#146;s various
termination provisions, the Company does not believe that the Notice effectively
terminated the Agreement. Nonetheless, Company personnel have left the Mill site. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company intends to consider its options with respect to Queenstake and Yukon and what the
Company believes to be a wrongful termination. Additionally, the Company believes that
Queenstake owes the Company a substantial amount of money resulting from its earlier
operations and may seek damages from Queenstake and Yukon for what the Company believes is
the wrongful termination of the Agreement. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Item 8.01 Other Events</I> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
June 10, 2009, Queenstake filed a Complaint against the Company in the Fourth Judicial
District Court of the state of Nevada for Elko County (case no. CVC-C-09-544 Dept 2). In
the Complaint, Queenstake alleges that the Company breached an agreement between the
parties with respect to the operation of the Mill; breached an implied covenant of good
faith and fair dealing; and committed negligence in the operation of the Mill. Further, in
the Complaint Queenstake has sought a declaratory judgment that the Company is obligated
to leave the Mill site and cease operating the Mill. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company believes that Queenstake&#146;s allegations are without merit. The Company intends
to vigorously defend these claims. The Company will also consider appropriate
counterclaims resulting from what the Company believes to be a wrongful termination and
further to recover amounts that are contractually due and past due to the Company. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized, on the
12th day of June, 2009. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></H1>




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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Golden Eagle
International, Inc.</B><BR><BR>
<BR>By: /s/ Terry C. Turner<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Terry C. Turner<BR>President and Chief Executive Officer</FONT></TD>
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{"company-data": {"conformed-name": "GOLDEN EAGLE INTERNATIONAL INC", "cik": "0000869531", "assigned-sic": "1000", "irs-number": "841116515", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23726", "film-number": "09888318"}, "business-address": {"street1": "9661 SOUTH 700 EAST", "city": "SALT LAKE CITY", "state": "UT", "zip": "84070", "phone": "8016199320"}, "mail-address": {"street1": "9661 SOUTH 700 EAST", "city": "SALT LAKE CITY", "state": "UT", "zip": "84070"}, "former-company": {"former-conformed-name": "BENEFICIAL CAPITAL FINANCIAL SERVICES CORP", "date-changed": "19940329"}}
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: June 10, 2008
Golden Eagle
International, Inc.
(Exact Name of Registrant as
Specified in its Charter)
Colorado
0-23726
84-1116515
(State or Other
(Commission
(I.R.S. Employer
Jurisdiction of
File Number)
Identification
Incorporation)
No.)
9661 South 700 East, Salt Lake City, Utah 84070
(Address of Principal
Executive Offices) (Zip Code)
(801) 619-9320
(Registrant's
Telephone Number, Including Area Code)
Not applicable
(Former Name or Former
Address, If Changed Since Last Report.)
Section 1 –
Registrant's Business and Operations
Item 1.02 Termination of
a Material Definitive Agreement
On
June 10, 2009, Golden Eagle International, Inc. (the "Company" ) received a
notice (the "Notice") from Queenstake Resources USA, Inc.
("Queenstake"), the wholly owned subsidiary of Yukon-Nevada Gold Corp.,
("YNG"), advising the Company that Queenstake allegedly terminated the agreement
between the Company and Queenstake regarding the operation of the Jerritt Canyon gold mill
(the "Mill"). The Notice provides that Queenstake believes that the termination
was effective immediately.
On
October 14, 2008, we entered into a Mill Operating Agreement (the "Agreement")
with Queenstake. The material terms of the Agreement are described in Current Report on
Form 8-K dated January 15, 2009. From mid-September 2008 until March 25, 2009 the Company
performed maintenance and environmental regulatory compliance functions at the Mill and
assisted Queenstake in securing approval from the Nevada Division of Environmental
Protection to restart operations at the Mill. The Company has operated the Mill since
March 2009 after approval to restart milling operations was approved by all regulatory
agencies. The Company was not aware of any dissatisfaction from Queenstake regarding the
recent operation of the Mill and did not expect to receive the Notice.
The
Company believes that the Agreement continues to be effective and binding between the
parties. As such, and because it does not comply with the Agreement's various
termination provisions, the Company does not believe that the Notice effectively
terminated the Agreement. Nonetheless, Company personnel have left the Mill site.
The
Company intends to consider its options with respect to Queenstake and Yukon and what the
Company believes to be a wrongful termination. Additionally, the Company believes that
Queenstake owes the Company a substantial amount of money resulting from its earlier
operations and may seek damages from Queenstake and Yukon for what the Company believes is
the wrongful termination of the Agreement.
Item 8.01 Other Events
On
June 10, 2009, Queenstake filed a Complaint against the Company in the Fourth Judicial
District Court of the state of Nevada for Elko County (case no. CVC-C-09-544 Dept 2). In
the Complaint, Queenstake alleges that the Company breached an agreement between the
parties with respect to the operation of the Mill; breached an implied covenant of good
faith and fair dealing; and committed negligence in the operation of the Mill. Further, in
the Complaint Queenstake has sought a declaratory judgment that the Company is obligated
to leave the Mill site and cease operating the Mill.
The
Company believes that Queenstake's allegations are without merit. The Company intends
to vigorously defend these claims. The Company will also consider appropriate
counterclaims resulting from what the Company believes to be a wrongful termination and
further to recover amounts that are contractually due and past due to the Company.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized, on the
12th day of June, 2009.
Golden Eagle
International, Inc.
By: /s/ Terry C. Turner
——————————————
Terry C. Turner
President and Chief Executive Officer