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Client Work

Golden Star obtains additional US$15 million of financing under stream agreement

Fasken
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Client

Golden Star Resources Ltd.

On December 30, 2015, Caystar Finance Co, a wholly-owned subsidiary of Golden Star Resources Ltd. (“Golden Star”), amended its Gold Purchase and Sale Agreement with RGLD Gold AG (“RGLD”) to provide Golden Star with an additional US$15 million of funding and an option to access a further US$5 million from RGLD. These financing arrangements will continue to enable Golden Star to transform into a low cost, non-refractory gold producer, as Golden Star will continue to use the funding for the development of their Wassa Underground and Prestea Underground development projects. Fasken Martineau advised Golden Star with a team that included John Sabetti, John Turner, Jon Holmstrom, Louise Kennedy, Reid Crombie and Thomas Wexler.

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