Golden Star Announces Closing of Bought Deal Offering for Gross Proceeds of $34.5 Million

Golden Star Resources (TSX:GSC; NYSE:GSS) has announced it has closed its previously bought deal financing of 31,363,950 common shares at a price of $1.10 each for gross proceeds of $34,500,345.
As quoted in the press release:

The Offering was led by Clarus Securities Inc. and included National Bank Financial Inc., BMO Capital Markets, Scotia Capital Inc., and CIBC World Markets Inc.
The Company intends to use the net proceeds from the Offering to fund: 1) exploration projects on the Company’s properties 2) capital expenditures at the Wassa Gold Mine and the Prestea Gold Mine 3) the partial repayment of the Company’s 5% Convertible Debentures and 4) working capital and general corporate purposes.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Click here to read the full press release.