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Re: AugustaFriends post# 371982

Wednesday, 08/17/2016 7:36:01 AM

Wednesday, August 17, 2016 7:36:01 AM

Post# of 642093
$GSS Golden Star Announces Repayment in Full of Ecobank Loan - Yahoo Finance Canada https://ca.finance.yahoo.com/news/golden-star-announces-repayment-full-105500218.html

The repayment of Ecobank II is expected to result in a saving of approximately $600,000 in interest charges during the remainder of 2016. It also is expected to have a significant positive impact on Golden Star's cash flows, as the Company was due to use its operating cash flows to pay $8.4 million to Ecobank by the end of 2017: $2.8 million in the second half of 2016 and $5.6 million in 2017.
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