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<A NAME=A001></A>
<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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<A NAME=A003></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>FORM 8-K</B> </FONT></P>

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<A NAME=A004></A>
<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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<A NAME=A005></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <B>Date of Report: January 28, 2008</B></FONT></P>

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<A NAME=A006></A>
<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>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600" ALIGN="Center">
<TR VALIGN=Bottom>
     <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>

</TABLE>

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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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<A NAME=A010></A>
<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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<A NAME=A012></A>
<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>

<BR>
<BR><BR>
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<A NAME=A016></A>
<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=A017></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 1.01 Entry into a
Material Definitive Agreement </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On January 28, 2009, Golden Eagle
International, Inc. (hereafter referred to as the &#147;Company&#148; or &#147;us&#148; or
&#147;we&#148;) entered into four separate Common Stock Subscription Agreements
(&#147;Subscription Agreement&#148; or &#147;Subscription Agreements&#148;). Pursuant to
the Subscription Agreements we issued an aggregate of 298,649,085 shares of our common
stock in consideration for the retirement of $189,054.36 of Company debt and $20,000 in
cash. The material terms of each Subscription Agreement are further described below: </FONT></P>

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               <TR VALIGN=TOP>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1) </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Two Subscription Agreements: one with Dewey L. Williams and the other with the
               Dewey L. Williams Profit Sharing Plan and Trust (collectively &#147;the Williams
               Group), providing for the issuance of 57,781,600 shares of our restricted common
               stock to the Williams Group at a price per share equal to one-half of the market
               closing price of our common stock on the date of the transaction (January 28,
               2009), or $0.0007 per share. Approximately, 29,210,171 of the shares were issued
               to the Williams Group in exchange for the satisfaction of $20,447.12 debt and
               28,571,429 shares were issued in consideration for $20,000 in cash. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TR VALIGN=TOP>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2) </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Subscription Agreement with Jose Edmundo Arauz (&#147;Arauz&#148;) providing for
               the issuance of 182,000,000 shares of our restricted common stock to Arauz at a
               price per share equal to one-half of the market closing price of our common
               stock on the date of the transaction (January 28, 2009), or $0.0007 per share.
               The shares were issued to Arauz in exchange for satisfaction of $127,400 debt
               that we owed to Arauz. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3) </FONT></TD>
               <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Subscription Agreement with Nestor Dimas Perez (&#147;Perez&#148;) providing for
               the issuance of 58,867,486 shares of our restricted common stock to Perez at a
               price per share equal to one-half of the market closing price of our common
               stock on the date of the transaction (January 28, 2009), or $0.0007 per share.
               The shares were issued to Perez in exchange for satisfaction of $41,207.24 debt
               that we owed to Perez. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The transactions associated with
these Subscription Agreements are reflected in more detail below in Item 3.02. </FONT></P>

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<A NAME=A018></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Section 3 &#151;
Securities and Trading Markets </FONT></H1>

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<A NAME=A019></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 3.02 Unregistered
Sales of Equity Securities </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On January 28, 2009, we issued a
total of 298,649,085 shares of our restricted common stock to four accredited investors in
consideration for $209,054.36. Of the total $209,054.36 consideration received by the
Company, $189,054.09 was in the form of debt retirement and the remaining $20,000 was paid
in cash to the Company. There were no placement agent or underwriters involved in the
transactions and no underwriting discounts or commissions were paid in connection with the
transactions. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We relied on the exemption from
registration provided by Sections 4(2) and 4(6) and Rule 506 of Regulation D, under the
Securities Act of 1933 for these transactions because: </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o  </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>All
purchasers were accredited investors; </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o  </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We
did not engage in any general solicitation or general advertising involved in the offer
or sale of          the shares of common stock; </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We
provided each of the offerees with disclosure of all aspects of our business, including
providing the accredited investors with our reports filed with the Securities and
Exchange Commission, our press releases, access to our auditors, and other financial,
business, and corporate information.&nbsp; Further, based on our investigation, we
believe that the accredited investors obtained all information regarding the Company they
requested, received answers to all questions they posed, and otherwise understood the
risks of accepting our securities for investment purposes;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We
will place restrictive legends on the certificates representing the shares of common
stock issued to the accredited investors stating that the shares were not registered
under the Securities Act of 1933 and are subject to restriction on their transferability
and resale.  </FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We have previously used the loan
proceeds for general corporate purposes. We have reduced the debt on our balance sheet for
which we have exchanged our restricted common shares and made the corresponding entry to
the equity section of our balance sheet. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The $20,000 in cash received by the
Company for the purchase of shares will be used for general corporate purposes at our sole
discretion. </FONT></P>

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<A NAME=A020></A>
<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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<A NAME=A021></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.01 Financial
Statements and Exhibits </FONT></P>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>10.1 </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="ge_8kfeb0509-subagree.htm">Model
Form of the Four Common Stock  Subscription  Agreements  (Dewey L. Williams  Profit
Sharing Plan and          Trust).</A> </FONT></TD>
</TR>
</TABLE>
<BR>

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<A NAME=A022></A>
<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
4th day of February, 2009. </FONT></P>

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<A NAME=A023></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT></P>






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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,      President and Chief Executive Officer</FONT></TD>
</TR>
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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": "09570235"}, "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: January 28, 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 1.01 Entry into a
Material Definitive Agreement
On January 28, 2009, Golden Eagle
International, Inc. (hereafter referred to as the "Company" or "us" or
"we") entered into four separate Common Stock Subscription Agreements
("Subscription Agreement" or "Subscription Agreements"). Pursuant to
the Subscription Agreements we issued an aggregate of 298,649,085 shares of our common
stock in consideration for the retirement of $189,054.36 of Company debt and $20,000 in
cash. The material terms of each Subscription Agreement are further described below:
1)
Two Subscription Agreements: one with Dewey L. Williams and the other with the
               Dewey L. Williams Profit Sharing Plan and Trust (collectively "the Williams
               Group), providing for the issuance of 57,781,600 shares of our restricted common
               stock to the Williams Group at a price per share equal to one-half of the market
               closing price of our common stock on the date of the transaction (January 28,
               2009), or $0.0007 per share. Approximately, 29,210,171 of the shares were issued
               to the Williams Group in exchange for the satisfaction of $20,447.12 debt and
               28,571,429 shares were issued in consideration for $20,000 in cash.
2)
Subscription Agreement with Jose Edmundo Arauz ("Arauz") providing for
               the issuance of 182,000,000 shares of our restricted common stock to Arauz at a
               price per share equal to one-half of the market closing price of our common
               stock on the date of the transaction (January 28, 2009), or $0.0007 per share.
               The shares were issued to Arauz in exchange for satisfaction of $127,400 debt
               that we owed to Arauz.
3)
Subscription Agreement with Nestor Dimas Perez ("Perez") providing for
               the issuance of 58,867,486 shares of our restricted common stock to Perez at a
               price per share equal to one-half of the market closing price of our common
               stock on the date of the transaction (January 28, 2009), or $0.0007 per share.
               The shares were issued to Perez in exchange for satisfaction of $41,207.24 debt
               that we owed to Perez.
The transactions associated with
these Subscription Agreements are reflected in more detail below in Item 3.02.
Section 3 —
Securities and Trading Markets
Item 3.02 Unregistered
Sales of Equity Securities
On January 28, 2009, we issued a
total of 298,649,085 shares of our restricted common stock to four accredited investors in
consideration for $209,054.36. Of the total $209,054.36 consideration received by the
Company, $189,054.09 was in the form of debt retirement and the remaining $20,000 was paid
in cash to the Company. There were no placement agent or underwriters involved in the
transactions and no underwriting discounts or commissions were paid in connection with the
transactions.
We relied on the exemption from
registration provided by Sections 4(2) and 4(6) and Rule 506 of Regulation D, under the
Securities Act of 1933 for these transactions because:
o
All
purchasers were accredited investors;
o
We
did not engage in any general solicitation or general advertising involved in the offer
or sale of          the shares of common stock;
o
We
provided each of the offerees with disclosure of all aspects of our business, including
providing the accredited investors with our reports filed with the Securities and
Exchange Commission, our press releases, access to our auditors, and other financial,
business, and corporate information.  Further, based on our investigation, we
believe that the accredited investors obtained all information regarding the Company they
requested, received answers to all questions they posed, and otherwise understood the
risks of accepting our securities for investment purposes;
o
We
will place restrictive legends on the certificates representing the shares of common
stock issued to the accredited investors stating that the shares were not registered
under the Securities Act of 1933 and are subject to restriction on their transferability
and resale.
We have previously used the loan
proceeds for general corporate purposes. We have reduced the debt on our balance sheet for
which we have exchanged our restricted common shares and made the corresponding entry to
the equity section of our balance sheet.
The $20,000 in cash received by the
Company for the purchase of shares will be used for general corporate purposes at our sole
discretion.
Section 9 —
Financial Statements and Exhibits
Item 9.01 Financial
Statements and Exhibits
10.1
Model
Form of the Four Common Stock  Subscription  Agreements  (Dewey L. Williams  Profit
Sharing Plan and          Trust).
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
4th day of February, 2009.
Golden
Eagle International, Inc.
By: /s/ Terry C. Turner
——————————————
Terry C. Turner,      President and Chief Executive Officer