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Denison Announces USD$25 Million Bought Deal Offering of Units and CAD$8 Million Bought Deal Private Placement of Flow-Through Shares
Denison Announces USD$25 Million Bought Deal Offering of Units and CAD$8 Million Bought D...
About this update from Denison Mines Corp.
[{"type":"text","content":"\n \n \n \n Denison Announces USD$25 Million Bought Deal Offering of Units and CAD$8 Million Bought Deal Private Placement of Flow-Through Shares\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 \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 Feb. 11, 2021\n \n /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (DML: TSX, DNN: NYSE American) is pleased to announce that it has entered into agreements with Cantor Fitzgerald Canada Corporation (\"CFCC\") and Haywood Securities Inc. (\"Haywood\"), as co-lead underwriters and joint book-runners, in each case on behalf of themselves and a syndicate of underwriters (collectively with CFCC and Haywood, the \"Underwriters\"), under which the Underwriters have agreed to purchase, on a bought deal basis, (1) 27,473,000 units of the Company (the \"Units\") at the price of\n \n USD$0\n \n .91 per Unit (the \"Issue Price\") for aggregate gross proceeds of approximately\n \n USD$25\n \n million (the \"Unit Offering\"); and (2) 5,926,000 flow-through common shares (the \"Flow-Through Shares\") at a price of CAD$1.35 per Flow-Through Share, for total gross proceeds of approximately CAD$8 million (the \"FT Private Placement\").\n \n View PDF version\n \n \n \n \n This press release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated\n \n November 13, 2020\n \n to its short form base shelf prospectus dated\n \n June 2, 2020\n \n .\n \n \n \n \n Unit Offering\n \n \n \n Each Unit will consist of one common share in the capital of the Company (a \"Common Share\") and one-half of one transferable common share purchase warrant of the Company (each whole warrant, a \"Warrant\"). Each Warrant is exercisable to acquire one Common Share (a \"Warrant Share\") at an exerc...