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Golden Star announces agreement for US$30 million revolving loan facility

Fasken
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Overview

Client

Golden Star Resources Ltd.

On May 4, 2009, Golden Star Resources Ltd. (NYSE Amex: GSS)(TSX: GSC)(GSE: GSR) announced that it had signed an agreement for a revolving credit facility (the "Facility") with Standard Chartered Bank. The Facility calls for a fully committed revolving credit line of US$30 million, consisting of US$15 million of available credit immediately upon signing, and an additional US$15 million at the earlier of completion of syndication or 90 days. Golden Star is a mid-tier gold mining company with two operating mines situated along the prolific Ashanti Gold Belt in Ghana, West Africa Golden Star was advised in this transaction by David Lemieux, Félix Gutierrez and Alexandre Gagnon of Fasken Martineau.

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