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Denison Announces Closing of US$86.3 Million Financing in Support of Strategic Acquisition of Physical Uranium
Denison Announces Closing of US$86.3 Million Financing in Support of Strategic Acquisitio...
About this update from Denison Mines Corp.
[{"type":"text","content":"\n \n \n \n Denison Announces Closing of US$86.3 Million Financing in Support of Strategic Acquisition of Physical Uranium\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n ,\n \n March 22, 2021\n \n /CNW/ -\n \n Denison Mines Corp.\n \n (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has closed its previously announced bought deal public offering of units (the \"Offering\").  The Company issued 78,430,000 units of the Company at\n \n US$1.10\n \n per unit for aggregate gross proceeds of\n \n US$86,273,000\n \n , which included 10,230,000 units through the full exercise of the underwriters' over-allotment option.\n \n View PDF\n \n \n \n \n \n \n \n \n \n \n Each unit consists of one common share and one-half of one transferable common share purchase warrant of the Company.  Each full warrant is exercisable to acquire one Company common share at an exercise price of\n \n US$2.25\n \n for 24 months after issuance. The warrants are not listed.\n \n \n The Offering was completed through a syndicate of underwriters co-led by Cantor Fitzgerald Canada Corporation, as sole-bookrunner, and Haywood Securities Inc., and including Scotia Capital Inc., Canaccord Genuity Corp., TD Securities Inc., BMO Nesbitt Burns Inc., Cormark Securities Inc., Raymond James Ltd. and Paradigm Capital Inc.\n \n \n Net proceeds of the Offering are anticipated to be used to fund the strategic purchase of uranium concentrates (\"U\n \n 3\n \n O\n \n 8\n \n \") to be held by Denison as a long-term investment, intended to support the potential future financing of the advancement and/or construction of the Company's flagship 90% owned Wheeler River Uranium Project (\"Wheeler River\"). Uranium purchases are planned to be made in the uranium spot market, ...