On October 1, 2018, Golden Star Resources Ltd. (TSX: GSC; NYSE American: GSS; GSE: GSR) (“Golden Star” or the “Company”), an established gold mining company focused on delivering strong margins and free cash flow from its two high-grade, low-cost underground mines in Ghana, completed a US$125.7 million strategic investment by La Mancha Holding S.à.r.l., a Luxembourg-incorporated private gold investment company in consideration for an approximate 30% equity ownership in Golden Star. The investment strengthens Golden Star’s balance sheet and provides the Company with increased financial capacity to unlock organic growth opportunities and participate in the consolidation of the African gold sector.
Fasken acted as Canadian counsel to Golden Star with a team led by John Sabetti and John Turner and including Will Shaw, Florind Polo and Dana Gregoire (securities/corporate).
