CAPITAL MARKETS

Golden Star buys explorer

TSX-listed Golden Star Resources is to buy Ghana gold explorer St Jude Resources in a scrip deal worth $US118 million.

Jesse Riseborough

The boards of both companies have agreed to the transaction which will see 0.72 of a Golden Star share issued for every St. Jude Resources share, implying a purchase price of $C3.10 per St. Jude share...

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