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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.
Open the GSS Page at The Online Investor »

Company Name:  Golden Star Resources Ltd.
Website:  www.gsr.com
Sector:  Precious Metals
 

Open the GSS Page at The Online Investor (in a new window) »

July 26, 2016    8:05 AM Eastern
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Buy (3.00 out of 4)
46th percentile
(ranked lower than approx. 54% of all stocks covered)
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