Golden Eagle Intl MYNG

Golden Eagle Settles Lawsuit With Yukon-Nevada Gol

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Golden Eagle Settles Lawsuit With Yukon-Nevada Gold Corp.
Press Release Source: Golden Eagle International, Inc. On Wednesday August 25, 2010, 3:10 pm EDT
SALT LAKE CITY, UT--(Marketwire - 08/25/10) - Golden Eagle International, Inc. (OTC.BB:MYNG - News) announced today that it has settled its lawsuit with Yukon-Nevada Gold Corp. ("YNG") and its subsidiary, Queenstake Resources USA, Inc. ("Queenstake").
As a result of the settlement, the parties have agreed that all claims in the lawsuit in the Fourth Judicial District Court of Nevada, Elko County (Queenstake Resources USA, Inc. v. Golden Eagle International, Inc. v. Yukon-Nevada Gold Corp, et al., CV-C-09-544), may be dismissed, each party bearing its own costs and attorneys' fees.
Pursuant to the settlement, Golden Eagle expects to receive $3,467,152 over the next four months. The settlement agreement also provides that Yukon-Nevada Gold Corp. will deliver 2 million shares of its issued and outstanding common stock to Golden Eagle on or before October 20, 2010.
Golden Eagle has concurrently filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on its EDGAR electronic library regarding the settlement of the lawsuit.
Golden Eagle recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: https://www.geii.com.
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https://finance.yahoo.com/news/Golden-Eagle-Settles-Lawsuit-iw-947223157.html?x=0&.v=1