Golden Star Resources Ltd. (GSS: Quote, GSC.TO) announced that it has redeemed $6.13 million of its 4.00% Convertible Senior Unsecured Debentures due November 30, 2012, by way of a privately negotiated transaction initiated by a certain holder of Original Debentures.
After purchasing and cancelling the $6.13 million of Original Debentures, an aggregate of $44.37 million principal amount of Original Debentures remains outstanding.
The company said that its current financial plan is to pay the outstanding principal of the remaining Original Debentures plus accrued interest in cash.
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by RTT Staff Writer
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