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A premier intermediate uranium producer in North America
Message: Denison Mines Announces C$82 Million "Bought Deal" Financing
| May 26, 2009 |
| Denison Mines Announces C$82 Million "Bought Deal" Financing |
| TORONTO, ONTARIO--(Marketwire - May 26, 2009) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Denison Mines Corp. (TSX:DML)(NYSE Amex:DNN) ("Denison" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of investment dealers co-led by GMP Securities L.P. and Cormark Securities Inc. and including Canaccord Capital Corporation, Scotia Capital Inc., CIBC World Markets Inc. and Raymond James Ltd. (the "Underwriters"), which have agreed to purchase, on a bought deal basis, 40 million common shares of Denison at a purchase price of C$2.05 per common share (the "Offering Price"), for aggregate gross proceeds in the amount of C$82.0 million. In addition, the Company has granted the Underwriters an option to purchase up to an additional 6 million common shares at the Offering Price exercisable within 30 days after the closing of the offering for additional gross proceeds in the amount of up to approximately C$94.3 million. The offering will be made by way of a short form prospectus to be filed by Denison in each of the provinces of Canada. The offering is scheduled to close on or about June 22, 2009 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the NYSE Amex LLC and the securities regulatory authorities. These securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein. This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. About Denison Denison Mines Corp. is a premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further, the Company has ownership interests in two of the four conventional uranium mills operating in North America today. The Company also has a strong exploration and development portfolio with large land positions in the United States, Canada, Mongolia and Zambia. |
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