TORONTO, Sept. 18, 2018 /CNW/ - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Corporation") is pleased to announce that both resolutions put before shareholders of the Corporation at yesterday's Special Meeting were duly passed.
The results of the votes were as follows:
Resolution #1
Votes For
Votes Against
Percentage of Votes For
Percentage of Votes Against
To pass the Private Placement Resolution1 approving the issuance of 163,210,500 common shares of the Corporation to La Mancha Holding S.à r.l.
183,836,439
1,941,611
98.95%
1.05%
Resolution #2
Votes For
Votes Against
Percentage of Votes For
Percentage of Votes Against
To pass the Consolidation Resolution1 on the basis of 1 post-consolidation common share for every 5 pre-consolidation common shares.
291,235,443
10,187,800
96.62%
3.38%
Notes: 1. As defined in the Management Information Circular of the Corporation dated August 14, 2018.
Company Profile
Golden Star is an established gold mining company that owns and operates the Wassa and Prestea mines in Ghana, West Africa. Listed on the NYSE American, the Toronto Stock Exchange and the Ghanaian Stock Exchange, Golden Star is focused on delivering strong margins and free cash flow from its two high grade, low cost underground mines. Gold production guidance for 2018 is 230,000-255,000 ounces at a cash operating cost per ounce of $650-730. As the winner of the PDAC 2018 Environmental and Social Responsibility Award, Golden Star is committed to leaving a positive and sustainable legacy in its areas of operation.
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