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Golden Star Resources completes US$15 million bought deal financing

Fasken
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Golden Star Resources

On May 9, 2016, Golden Star Resources Ltd. (“Golden Star”) completed a “bought deal” public offering of 22,750,000 common shares (the “Common Shares”) at a price of US$0.66 per Common Share, for aggregate gross proceeds of US$15,000,000 (the “Offering”). BMO Nesbitt Burns Inc. acted as the underwriter for the Offering in both Canada and the United States. Golden Star has granted BMO Nesbitt Burns Inc. an over-allotment option, exercisable for a period of 30 days following the closing of the Offering, to purchase up to an additional 3,412,500 Common Shares, at a price of US$0.66 per share, for additional gross proceeds of up to US$2,252,250. Fasken Martineau acted as Canadian counsel to Golden Star in respect of the Offering with a team that included John Sabetti, Will Shaw, Justine Connors and Glen Yamashita (securities/corporate) and Mitchell Thaw (tax).

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