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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES <BR>SECURITIES AND
EXCHANGE COMMISSION <BR>WASHINGTON, D.C. 20549 </FONT></H1>

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     <P ALIGN=CENTER>_________________ </P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT REPORT <BR>Pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report: March 10,
2010 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Golden Eagle
International, Inc.</U><BR>(Name of small business
issuer as specified in its charter) </FONT></H1>

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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH></TR>
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     <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>
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     <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>
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     <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>


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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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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Item 1.01 Entry into a Material Definitive Agreement.</I> </FONT></P>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
March 10, 2010, Golden Eagle International,  Inc. (&#147;we,&#148; &#147;us&#148; or &#147;our&#148;) delivered
 irrevocable powers of attorney to an  unaffiliated,  privately  held Swiss  corporation,
 transferring  control of our Bolivian  operations to that Swiss  corporation.  This
definitive  transfer of control was the result of a contract  that we  entered  into on
 February  26,  2010,  but which did not  become  effective  until the delivery of the
irrevocable powers of attorney on March 10, 2010.  </FONT>
</TD>
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<BR>

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<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
grant of the  irrevocable  powers of attorney to the Swiss  corporation  within the
 contract terms is intended to be a bridging  transaction,  with the completion of the
transfer of the shares of our Bolivian subsidiary to the Swiss corporation expected to
occur in the near future.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
a  condition  of the grant of the powers of attorney to the Swiss  corporation,  that
 company paid  $112,000  on March 1, 2010 for  claims  fees to  maintain  Golden  Eagle&#146;s
 concessions  in  eastern Bolivia. In the overall transaction,  and with the payment of
certain of the consideration  subject to the completion  of the  transaction,  the Swiss
 corporation  also  agreed to pay  $200,000 in cash on various Golden  Eagle  obligations
 in  Bolivia;  to assume  certain  Golden  Eagle  obligations  in Bolivia in an estimated
amount of $200,000; and to provide $50,000 directly to Golden Eagle in the United States.  </FONT>
</TD>
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<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition,  the Swiss  corporation  will pay Golden  Eagle a 3% net smelter  return of up
to $3 million.  The net smelter return will be on a quarterly  basis if and when mineral
 production is achieved from the mining concessions owned by the Bolivian subsidiary.  </FONT>
</TD>
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<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Golden
Eagle has agreed to indemnify  the Swiss  corporation  regarding  any other past debts
and obligations  that are not part of the  agreement  between  the  parties if those
 obligations  are not the product of social or  political  issues.  The Swiss
 corporation  has  agreed to  indemnify  Golden  Eagle against  future debts and
 obligations,  and has further  agreed to make available to Golden Eagle certain former
 Bolivian  employees of Golden Eagle and certain  records to assist Golden Eagle to
comply with its reporting obligations.  </FONT>
</TD>
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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Section 8 &#150; Other Events</FONT></H1>

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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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<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
 distributed a press  release on March 16, 2010  announcing  and  describing  the
 transaction covered above in Section 1, Item 1.01, which is attached as exhibit 99.1 to
this Current Report.  </FONT>
</TD>
</TR>
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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Section 9 &#151;
Financial Statements and Exhibits </FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Item 9.01 Financial
Statements and Exhibits</I> </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(d) Exhibits </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></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">99.1</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> <A HREF="ge_8k-march1610pr.htm">Press Release dated March 16, 2010.</A></FONT></TD></TR>

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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
16<SUP>th</SUP> day of March, 2010. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT></P>




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<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": "1208"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23726", "film-number": "10684378"}, "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: March 10,
2010
Golden Eagle
International, Inc.
(Name of small business
issuer 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 1.01 Entry into a Material Definitive Agreement.
On
March 10, 2010, Golden Eagle International,  Inc. ("we," "us" or "our") delivered
 irrevocable powers of attorney to an  unaffiliated,  privately  held Swiss  corporation,
 transferring  control of our Bolivian  operations to that Swiss  corporation.  This
definitive  transfer of control was the result of a contract  that we  entered  into on
 February  26,  2010,  but which did not  become  effective  until the delivery of the
irrevocable powers of attorney on March 10, 2010.
Our
grant of the  irrevocable  powers of attorney to the Swiss  corporation  within the
 contract terms is intended to be a bridging  transaction,  with the completion of the
transfer of the shares of our Bolivian subsidiary to the Swiss corporation expected to
occur in the near future.
As
a  condition  of the grant of the powers of attorney to the Swiss  corporation,  that
 company paid  $112,000  on March 1, 2010 for  claims  fees to  maintain  Golden  Eagle's
 concessions  in  eastern Bolivia. In the overall transaction,  and with the payment of
certain of the consideration  subject to the completion  of the  transaction,  the Swiss
 corporation  also  agreed to pay  $200,000 in cash on various Golden  Eagle  obligations
 in  Bolivia;  to assume  certain  Golden  Eagle  obligations  in Bolivia in an estimated
amount of $200,000; and to provide $50,000 directly to Golden Eagle in the United States.
In
addition,  the Swiss  corporation  will pay Golden  Eagle a 3% net smelter  return of up
to $3 million.  The net smelter return will be on a quarterly  basis if and when mineral
 production is achieved from the mining concessions owned by the Bolivian subsidiary.
Golden
Eagle has agreed to indemnify  the Swiss  corporation  regarding  any other past debts
and obligations  that are not part of the  agreement  between  the  parties if those
 obligations  are not the product of social or  political  issues.  The Swiss
 corporation  has  agreed to  indemnify  Golden  Eagle against  future debts and
 obligations,  and has further  agreed to make available to Golden Eagle certain former
 Bolivian  employees of Golden Eagle and certain  records to assist Golden Eagle to
comply with its reporting obligations.
Section 8 – Other Events
Item 8.01 Other Events.
We
 distributed a press  release on March 16, 2010  announcing  and  describing  the
 transaction covered above in Section 1, Item 1.01, which is attached as exhibit 99.1 to
this Current Report.
Section 9 —
Financial Statements and Exhibits
Item 9.01 Financial
Statements and Exhibits
(d) Exhibits
99.1
Press Release dated March 16, 2010.
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
16
th
day of March, 2010.
Golden
Eagle International, Inc.
By: /s/ Terry C. Turner
——————————————
Terry C. Turner
President and Chief Executive Officer