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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Jul. 26, 8:05 AM

Slide #2. Golden Star Resources Ltd. Secondary Offering

Company: Golden Star Resources Ltd. (AMEX:GSS)
Date announced: 7/25/2016
Secondary Offering Details: Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announces that it intends to offer up to US$30.0 million of its common shares in an underwritten public offering (the "Equity Offering"). The Company expects to grant the underwriters of the Equity Offering a 30-day option to purchase additional common shares for additional gross proceeds of up to 15% of the offering amount to cover over-allotments, if any, and for market stabilization purposes.

Golden Star Resources is a holding company. Through its subsidiaries, Co. is engaged in gold mining and exploration. Co.'s 90.0% owned subsidiary Golden Star (Bogoso/Prestea) Ltd owns and operates the Bogoso/Prestea gold mining and processing operation (Bogoso/Prestea) in Bogoso, Ghana. Co.'s 90.0% owned subsidiary Golden Star (Wassa) Ltd owns and operates the Wassa gold mine east of Bogoso/Prestea. Co. also holds interests in several gold exploration projects in Ghana and other parts of West Africa, and in South America, Co. holds and manages exploration properties in Brazil.
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Company Name:  Golden Star Resources Ltd.
Sector:  Precious Metals

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July 26, 2016    8:05 AM Eastern
Quotes delayed 20 minutes

Buy (3.00 out of 4)
46th percentile
(ranked lower than approx. 54% of all stocks covered)
Based on Zacks ABR data;
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