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;))