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Denison Completes CAD$5 Million Bought Deal Private Placement of Flow-Through Shares
Denison Completes CAD$5 Million Bought Deal Private Placement of Flow-Through Shares ...
About this update from Denison Mines Corp.
[{"type":"text","content":"\n\n\n\nDenison Completes CAD$5 Million Bought Deal Private Placement of Flow-Through Shares\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\nCanada NewsWire\nTORONTO, Nov. 23, 2018\n\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n TORONTO, Nov. 23, 2018 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (DML: TSX; DNN: NYSE American) is pleased to announce that it has completed its previously announced private placement offering (the \"Offering\") of common shares issued on a \"flow-through\" basis pursuant to the Income Tax Act (Canada) (\"Flow-Through Shares\"). View PDF Version\nThe Company issued 4,950,495 Flow-Through Shares, at a price of CAD$1.01 per Flow-Through Share, for total gross proceeds of approximately CAD$5,000,000.\nThe Flow-Through Shares were issued through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole bookrunner and including Haywood Securities Inc., Cormark Securities Inc., TD Securities Inc. and Eight Capital. The Flow-Through Shares are subject to a four-month hold period, which will expire on March 24, 2019.\nThe Company has agreed to use the gross proceeds from the sale of the Flow-Through Shares for \"Canadian exploration expenses\" (within the meaning of the Income Tax Act (Canada)) and anticipates using the gross proceeds for expenses related to the Company's uranium mining exploration projects in Saskatchewan. The Company has also agreed to renounce such Canadian exploration expenses with an effective date of no later than December 31, 2018.\nAbout Denison\nDenison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to its 90.0% owned Wheeler River project, which ranks as the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, Denison's Athabasca Basin exploration portfolio consists of numerous projects covering approximately 320,000 hec...