They always need money for something so if you don't mind sitting on stock for a year, or two...when the filing comes in the next week or so we'll see what PP's were going at last Q.
Here's from the last filing:
"During the six months ending June 30, 2004, we used our common stock directly to raise capital and to satisfy some of our obligations. We issued a total of 10,290,532 restricted common shares for cash to unaffiliated, accredited investors, the majority of whom were existing shareholders, at between $.06 and $.11 per share, to raise $812,970. We also issued an additional 2,836,669 shares of common stock valued at $353,882, based on the prevailing market price, of $.093 to $.185 for our shares on the date of issuance, in exchange for services provided. During the second quarter we also issued 30,000,000 shares of our restricted common stock valued at $3,600,000 for the purchase of the Gold Bar mill and plant as previously described. These offers and sales were accomplished pursuant to the exemptions from registration found in Sections 4(2) and 4(6) of the Securities Act of 1933, as amended, and the rules there under, without general advertising or other form of public solicitation. Each of the investors represented to us that they were accredited investors and that they acquired the securities for investment purposes only and without a view toward further distribution. The funds received from these investors were used to satisfy a portion of Golden Eagle’s working capital obligations associated with its exploration, evaluation, plant construction and mine development activities in Bolivia. There was no underwriter involved in these transactions, and no commissions or underwriting discounts were paid."
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