Pursuant to the Arrangement Agreement, Chifeng, through Chijin and the Assignee acquired all of the issued and outstanding common shares of Golden Star for US$3.91 in cash (equivalent to approximately C$4.85 as of October 31, 2021) per share, which equated to a total Transaction value of approximately US$470 million on a fully-diluted, in-the-money basis.įurther details of the Transaction are set out in the Company's management information circular dated Novem(the 'Circular'). (SHSE: 600988) ('Chifeng') are pleased to announce the completion of the previously announced plan of arrangement under Section 192 of the Canada Business Corporations Act (the 'Transaction'), involving the Company, Chifeng and its subsidiary Chijin International ( Hong Kong) Limited ('Chijin'), and Chijin's assignee Kefei Investment (BVI) Limited (the 'Assignee'), pursuant to the arrangement agreement dated October 31, 2021, as amended by an amending agreement dated Novemand an assignment and assumption agreement dated Decem(collectively, the 'Arrangement Agreement'), following the receipt of all required regulatory approvals and satisfaction of all closing conditions. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) ('Golden Star' or the 'Company') and Chifeng Jilong Gold Mining Co., Ltd.

28, 2022 /PRNewswire/ - Golden Star Resources Ltd.

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