Golden Star Resources Completes Equity Offering

On August 14, 2003, Golden Star Resources Ltd., a Denver, Colorado-based gold mining company, completed a bought deal offering of common shares for total gross proceeds of $36.8 million, including the underwriters’over allotment option. Orion Securities Inc. and BMO Nesbitt Burns Inc. led the underwriting syndicate, which included Canaccord Capital Corporation, National Bank Financial Inc., RBC Dominion Securities Inc. and Westwind Partners Inc.

Golden Star was represented in Canada, by Bonnie Kuhn of Field Law in Calgary; and in the U.S., by Deborah Friedman and Michelle Shepston of Davis Graham & Stubbs LLP in Denver. The underwriters were represented in Canada, by Jay Kellerman, Raymond McDougall and Andrea Crum-Ewing of Stikeman Elliott LLP; and in the U.S., by Grant Vingoe, Gil Cornblum and Jonathan Van Horn of Dorsey & Whitney LLP in Toronto.