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BRIEF-Chifeng Jilong Gold To Acquire Golden Star In All-Cash Offer Valued At $470 Mln

reuters ·  2021/11/01 07:06

Nov 1 (Reuters) - Chifeng Jilong Gold Mining Co Ltd

600988.SS :

* GOLDEN STAR RESOURCES LTD -

* CHIFENG JILONG GOLD TO ACQUIRE GOLDEN STAR IN AN ALL-CASH OFFER VALUED AT US$470 MILLION

* GOLDEN STAR RESOURCES LTD - DEAL VALUE EQUIVALENT TO ABOUT C$4.85 PER GOLDEN STAR SHARE

* GOLDEN STAR RESOURCES LTD - DEAL IS AN ALL-CASH OFFER THAT IS NOT SUBJECT TO A FINANCING CONDITION

* GOLDEN STAR RESOURCES LTD - CONSIDERATION WILL BE FUNDED FROM CHIFENG'S CURRENT CASH BALANCE AND COMMITTED DEBT FACILITIES

* GOLDEN STAR RESOURCES LTD - CHIFENG AND PURCHASER INTEND TO INTRODUCE A THIRD PARTY AS CO-BUYER TO CONSUMMATE TRANSACTION

* GOLDEN STAR RESOURCES - PURCHASER TO ACQUIRE 62% OF GOLDEN STAR SHARES ON EFFECTIVE DATE AND THIRD PARTY CO-BUYER TO ACQUIRE 38% OF CO'S SHARES

* GOLDEN STAR RESOURCES LTD - SETS TERMINATION FEE AT US$14.1 MILLION

Source text for Eikon: ID:nCNWjpX8ba Further company coverage: 600988.SS

((Reuters.Briefs@thomsonreuters.com;))

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