Message #47 From:
Stock News Bot Date: February 13, 2007 06:15:00 AM
GSS News Golden Star Announces That Warrants Will Expire on February 14, 2007 and Advises Procedure to Exercise Warrants
DENVER--(BUSINESS WIRE)--Golden Star Resources Ltd. (AMEX:GSS) (TSX:GSC) today announced that its warrants, which currently trade on the Toronto Stock Exchange under the symbol GSC.WT.A, will expire as planned at 4:30 pm Vancouver Time on February 14, 2007.
The exercise price to exchange one Golden Star warrant into one Golden Star common share is Cdn$4.60. Those warrant holders wishing to exercise their warrants for common shares should follow these instructions:
1.
Contact your stock broker or financial advisor and inform them that you would like to exercise your warrants. The broker or financial advisor will need to initiate the exercise process.
2.
Send a fax or email with a scanned copy of the completed warrant exercise form to Ms. Leslie MacFarlane, our representative at CIBC Mellon Trust Company, our transfer agent and the Trustee for the warrants. The fax number for Ms. MacFarlane is 604-688-4301 and her email address is Leslie_MacFarlane@cibcmellon.com.
3.
Pay the exercise price required to obtain your shares before 4:30 pm, Vancouver time, on February 14, 2007. The exercise price is calculated by multiplying Cdn$4.60 by the number of warrants being exercised. Payment must be made via bank draft, certified check, money order or wire transfer, payable to "Golden Star Resources Ltd." Checks can be couriered to Golden Star Resources at their corporate address which is 10901 W. Toller Drive, Suite 300, Littleton, Colorado, 80127-6312, USA. Wire transfers can be made to either our US or Canadian account.
a. US wire transfer information:
Transfer to: WELLS FARGO BANK WEST, N.A., San Francisco, CA,
Beneficiary: GOLDEN STAR RESOURCES LTD., 10901 W. Toller Drive, Suite 300, Littleton, CO 80127
RTN: 121000248
Account Number: 1018009951
b. Canadian wire transfer information:
Bank Name: Bank of Montreal (604-665-2643)
Account Number: 0004 1619-790
Bank ID: BOFMCAM2
Bank Address: 595 Burrard Street, Vancouver, BC, V7X 1L7 Canada
4.
Courier the physical warrant certificate to: CIBC Mellon Trust Company, Attention: Ms. Leslie MacFarlane, 1066 West Hastings Street, Oceanic Plaza, Suite 1600, Vancouver, British Columbia, V6E 3X1, Canada.
5.
The warrant certificate, an executed warrant exercise form, and payment must be received prior to shares being issued.
COMPANY PROFILE
Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana and various property interests elsewhere in the country, as well as other gold exploration interests in West Africa and in the Guiana Shield of South America. Golden Star has approximately 208 million common shares outstanding at December 31, 2006.
