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A premier intermediate uranium producer in North America
Message: Announces $41.25 Million "Bought Deal" Financing
| January 5, 2009 |
| Denison Mines Announces $41.25 Million "Bought Deal" Financing |
| TORONTO, ONTARIO--(Marketwire - Jan. 5, 2009) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Denison Mines Corp. (TSX:DML)(NYSE ALTERNEXT US:DNN) ("Denison") is pleased to announce that it has entered into an agreement with a syndicate of investment dealers co-led by Cormark Securities Inc. and GMP Securities L.P. (the "Underwriters"), which have agreed to purchase, on a bought deal basis, 25.0 million common shares of Denison at a purchase price of $1.65 per common share (the "Offering Price"), for aggregate gross proceeds in the amount of $41.25 million. In addition, the Company has granted the Underwriters an option to purchase up to an additional 3,750,000 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 $6.2 million. The offering is scheduled to close on or about January 27, 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 securities regulatory authorities. This Public Offering in Canada by way of short-form prospectus to be filed in all of the provinces of Canada except Quebec. The Common Shares may also be placed privately in the United States with qualified Accredited Investors pursuant to Regulation D. 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. |
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