SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): April 24, 1997
GOLDEN STAR RESOURCES LTD.
(Exact name of registrant as specified in its charter)
Canada 0-21708 98-0101955
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
One Norwest Center, 1700 Lincoln Street, Suite 1950
Denver, Colorado 80203
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(Address of principal executive offices) (zip code)
(303) 830-9000
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On April 24, 1997, the Registrant entered into agreements with
certain institutional purchasers pursuant to which the purchasers would purchase
an aggregate of 3.025 million common shares of the Registrant. A copy of the
Registrant's press release regarding such purchase of shares is attached hereto
as an exhibit and incorporated by reference.
On May 5, 1997, the Registrant announced the closing of a prospectus
offering of 3.025 million common shares of the Registrant. A copy of the
Registrant's press release regarding such closing is attached hereto as an
exhibit and incorporated by reference.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GOLDEN STAR RESOURCES LTD.
Date: May 7, 1997 By: /s/ Louis O. Peloquin
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Louis O. Peloquin
Vice President, General Counsel
and Secretary
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<PAGE>
EXHIBIT INDEX
Exhibit Description of Exhibit
- ------- ----------------------
99.1 Registrant's press release, dated April 24, 1997, entitled "GOLDEN
STAR ANNOUNCES SALE OF 3.025 MILLION COMMON SHARES."
99.2 Registrant's press release, dated May 5, 1997 entitled "GOLDEN
STAR ANNOUNCES CLOSING OF SHARE OFFERING."
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Exhibit 99.1
GOLDEN STAR RESOURCES LTD.
NEWS RELEASE
GOLDEN STAR ANNOUNCES SALE OF 3.025 MILLION COMMON
SHARES
DENVER - APRIL 24, 1997
Golden Star Resources Ltd. ("Golden Star") announces that it has entered into
agreements with three institutional purchasers pursuant to which they will
purchase an aggregate of 3.025 million common shares of Golden Star at US$7.50
per common share for total proceeds of US$22.69 million. This transaction is
subject to regulatory approval.
The net proceeds of this offering will be used to fund exploration and
development of Golden Star's gold and diamond projects in South America and
Africa and for working capital and general corporate purposes, including
potential property acquisition and development opportunities.
Golden Star Resources is a gold and diamond exploration company which holds a
30% common share equity interest in the Omai Mine in Guyana, one of the largest
gold mines in South America. Golden Star also holds significant gold and diamond
exploration interests in South America and Africa. Golden Star is listed on the
Toronto Stock Exchange (under the symbol "GSC") and the American Stock Exchange
(under the symbol "GSR").
For further information contact:
GORDON J. BELL RICHARD A. WINTERS WENDY YANG
Vice President & Chief Vice President, Manager, Investor
Financial Officer Corporate Development Relations
(303) 830-9000 or (800) 553-8436
Exhibit 99.2
GOLDEN STAR RESOURCES LTD.
NEWS RELEASE
GOLDEN STAR ANNOUNCES CLOSING OF SHARE OFFERING
DENVER - MAY 5, 1997
Further to the press release of April 24, 1997, Golden Star Resources Ltd.
(Golden Star) announces the closing of the prospectus offering of 3,025,000
common shares of Golden Star at US$7.50 per share for total proceeds of
US$22,687,500.
The net proceeds of the offering will be used to fund exploration and
development of Golden Star's gold and diamond properties in South America and
Africa and for working capital and general corporate purposes, including
potential property acquisition and development opportunities.
Golden Star is a gold and diamond exploration company which holds a 30% common
share equity interest in the Omai Mine in Guyana, one of the largest gold mines
in South America. Golden Star also holds significant gold and diamond
exploration interests in South America and Africa. Golden Star is listed on the
Toronto Stock Exchange (under the symbol "GSC") and the American Stock Exchange
(under the symbol "GSR").
For further information contact:
GORDON J. BELL RICHARD A. WINTERS WENDY YANG
Vice President & Chief Vice President, Manager, Investor
Financial Officer Corporate Development Relations
(303) 830-9000 or (800) 553-8436
