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Golden Star Resources finalizes option exercise by Riverstone Resources for US$18 million

Fasken
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Overview

Client

Golden Star Resources Ltd.

On February 1, 2012, Golden Star Resources Ltd. (“Golden Star”) finalized the option exercise by Riverstone Resources Inc. (“Riverstone”) pursuant to which Riverstone obtained an indirect 90% interest in the Goulagou, Rounga, Tougou and Youba permits (the “Properties”) located in Burkina Faso, West Africa. The option exercise price for the Properties was US$18.6 million which was paid as to US$6.6 million in cash and the balance through the issuance of common shares of Riverstone. Golden Star was advised by Fasken Martineau with a team led by John Turner, John Sabetti, Will Shaw (Securities) and Mitchell Thaw (Tax).

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