Past year: ▲ 25%(3.00 – 4.96 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
31 May 2012capital raising announcement● NeutralMajor
The debenture exchange closed: Golden Star issued $77.49 million of 5.00% convertible debentures due June 1, 2017 (convertible at $1.65) and cancelled $74.51 million of the 4.00% debentures due Nov 2012. About $50.5 million of the old debentures remain, which the company's current plan is to repay in cash. This resolves the exchange agreed on May 17 and pushes most of the debt maturity out to 2017.
13 Nov 2007capital raising announcement● NeutralMajor
Golden Star completed the private placement of US$125M of 4.0% convertible senior unsecured debentures due November 30, 2012, convertible at $5.00 per share. It used $61.76M to repay the 6.85% notes from 2005 and plans to use the rest for property development and general corporate purposes. This completes the refinancing announced October 23, and the company agreed to register resales of the debentures and conversion shares.
19 Apr 2005capital raising announcement● NeutralMajor
On April 15, 2005, Golden Star sold $50 million of unsecured senior convertible notes to a single accredited investor (the Buyer), completing the Amaranth deal announced April 5. The notes run 48 months at 6.85% interest paid semi-annually and convert to shares at $4.50 each, so they add debt now and could add shares later. Golden Star also agreed to file a resale registration for the conversion shares, and holders may get extra shares if the company is bought in a mostly-cash change of control.
