Golden Star completes US$83 million common share offering

On March 1, 2007, Golden Star Resources Ltd. announced that it had closed its previously announced offering of 21 million common shares priced at US$3.60 per share resulting in about US$72.2 million in net proceeds. On March 9, 2007, the underwriters exercised an over-allotment option in full for net proceeds to Golden Star of an additional US$10.8 million. Golden Star was advised in this offering by a team from Fasken Martineau comprised of John Turner, John Sabetti, Krisztian Toth, Daye Kaba and Amanda Field.