- Write by:
-
Friday, August 3, 2018 - 10:10:40 PM
-
798 Visit
-
Print
Mining News Pro - TORONTO – Golden Star Resources is getting a cash injection of $125 million from La Mancha Holding of Luxembourg. The deal creates a long term, strategic relationship between the two companies.
Golden Star will use the funds to accelerate development at the Wassa and Prestea underground gold projects in Ghana, to upgrade resources, and for potential future acquisitions.
La Mancha is offering a total of $125.7 million cash through a private placement. Golden Star will then issue approximately 163.2 million common shares, giving La Mancha a 30% interest in Golden Star. The value of La Mancha’s investment equates to a price of $0.77 per share, a 14% premium to the 30-day volume weighted average price at the end of July. La Mancha will nominate three directors to the Golden Star board.
Short Link:
https://www.miningnews.ir/En/News/228972
Gold touched a new record of $2,450 an ounce on Monday as increasing optimism over the Federal Reserve’s monetary policy ...
The International Centre for Settlement of Investment Disputes (ICSID) ruled in favour of Peru in a decade-long dispute ...
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
No comments have been posted yet ...