Advantego Corporation (ADGO)

[vallence]

Golden Eagle has been a big disappointment from a once very promising little company. The blame can mostly be put on the American government and it's gold and silver price suppression and their interference in the Bolivian government where the company had just put in production it's mine and then had to shut it down. The Bolivian government turned on anything relating to the USA including the Peace Corps and told all USA interest to get out. The mine was subsequently sold to a Swiss consortium at reduced price with smelter rights when it is finally put back in operation. The gold and silver suppression for the past 2 decades and then in the 2007-2009 finally broke the companies back like it did many small junior companies. The company did manage to survive by winning some legal claim disputes in court here in the USA for $$ and by doing a reverse split wiping out a huge portion of it's obese outstanding stock count. To their credit so far have not gone on a stock selling spree which shows they are not a scam so far. It seems they are just catching their breath now and looking for options. They own a large production mill in the western USA where they are looking for partners with other small juniors to put the mill in operation. Their situation looks flat line until they get a joint venture or have their own mine in the location of their mill. Their mill is located in a gold rich trend area and if they connect with another company(s) then they should come out of this in good shape with their current low outstanding shares. With their low outstanding share count and low stock price it is a good buy for those just stepping in now. Those of you who have been holding this company for a while and took the beating of the reverse split will break even at the top so hang in there and be patient your exit point is still a ways down the road. This like any company with gold or silver mining attached to it will shoot up in price once the mania begins regardless of what they really have.

SALT LAKE CITY, UT -- 08/25/10 -- Golden Eagle International, Inc. (MYNG) 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: http://www.geii.com.
Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail Alerts, please
e-mail Golden Eagle at: [e-mail].
SALT LAKE CITY, UT -- 03/16/10 -- Golden Eagle International, Inc. (MYNG) reported today that it has transferred control of its Bolivian subsidiary operations to an unaffiliated, Swiss corporation (the "Swiss corporation").
The Swiss corporation has paid Golden Eagle $112,000 in Bolivia, and has also agreed to pay $200,000 to satisfy 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 payable 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.
Although Golden Eagle's Bolivian assets and operations were once the primary focus of the company, starting in 2008 Golden Eagle has focused its operations primarily within the United States. Golden Eagle considered a number of factors when evaluating its options with respect to its Bolivian operations, including:
The re-election for a new 5-year term in December 2009 of Bolivia's current administration, which has proven to be unsupportive of U.S. investment in Bolivia, and the continuing negative political and social environment relative to U.S. companies;
Golden Eagle's continuing difficulties in meeting its financial and other obligations due to all of the above factors.
Golden Eagle's CEO, Terry C. Turner, stated, "Given all of the circumstances, we believe this is a very advantageous outcome for our company." Mr. Turner continued, "We have had a long, and often challenging, association with Bolivia. The time has come for us to focus our efforts and resources on developing our interests in north-central Nevada and the recovery of just compensation from our litigation with Yukon-Nevada Gold Corp. regarding its breach of our operating contract for the Jerritt Canyon gold mill north of Elko, Nevada."
Blane Wilson, Golden Eagle's Chief Operating Officer (COO), said, "With the transfer of control of our Bolivian operations, and the restructuring of our Company, we believe we are now in a position to more fully realize the potential of our 4,000 tpd Gold Bar gold mill, and to seek out other mining and milling opportunities that may enhance our shareholders' value."
Golden Eagle recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: http://www.geii.com.
Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail Alerts, please
e-mail Golden Eagle at: [e-mail].