0000927356-99-001424 Sample Contracts

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Exhibit 10-5 ELLIOTT ASSOCIATES, L.P. 712 Fifth Avenue - 36/th/ Floor New York, New York 10019 May 5, 1999 Golden Star Resources Ltd. 1660 Lincoln Street Denver, Colorado 80264 Attention: Mr. James E. Askew ----------------------------- Credit...
Credit Facility Letter • August 18th, 1999 • Golden Star Resources LTD • Gold and silver ores

You have advised that you intend to acquire (the "Acquisition") together with Anvil Mining NL ("Anvil") of Australia a 90% interest in Bogoso Gold Mine Ltd., a Ghanaian company ("BGL"), which operates the Bogoso gold mine in Ghana, in a transaction pursuant to which you would acquire for a total consideration of approximately US$12 million and certain other conditional payments (i) 90% of the capital stock of BGL, with the State of Ghana retaining a 10% interest, and (ii) 100% of the approximately US$34 million in debt owed by BGL to a consortium of banks represented by the International Finance Corporation ("IFC").

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