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Denison Completes Sale of GoviEx Shares and Warrants
Denison Completes Sale of GoviEx Shares and Warrants PR Newswire TORO...
About this update from Denison Mines Corp.
[{"type":"text","content":"\n \n \n \n Denison Completes Sale of GoviEx Shares and Warrants\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 \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n TORONTO\n \n ,\n \n Oct. 26, 2021\n \n /PRNewswire/ -\n \n Denison Mines Corp.\n \n (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to announce it has completed its previously announced sale of 32,500,000 common shares of GoviEx Uranium Inc. (\"GoviEx\") for gross proceeds to Denison of\n \n $15,600,000\n \n .\n \n View PDF version\n \n \n \n In addition, Denison has issued 32,500,000 common share purchase warrants entitling the holder to acquire one additional common share of GoviEx owned by Denison at an exercise price of\n \n $0.80\n \n for a term of 18 months. If the warrants are exercised in full, Denison will receive further gross proceeds of\n \n $26,000,000\n \n and will transfer a further 32,500,000 common shares of GoviEx to the warrant holders.\n \n \n \n \n About Denison\n \n \n \n \n \n Denison is a uranium exploration and development company with interests focused in the\n \n Athabasca\n \n Basin region of northern\n \n Saskatchewan, Canada\n \n . The Company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the\n \n Athabasca\n \n Basin region of northern\n \n Saskatchewan\n \n . Denison's interests in\n \n Saskatchewan\n \n also include a 22.5% ownership interest in the McClean Lake joint venture (\"MLJV\"), which includes several uranium deposits and the McClean Lake uranium mill that is contracted to process the ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest Main and Midwest A deposits, and a 66.90% interest in the Tthe Heldeth Túé (\"THT,\" formerly J Zone) and Huskie deposits on the Waterbury Lake property. Each of Midwest Main, Midwest A, THT and Huskie are located within 20 kilometres of the McClean Lake mill.\n \n \n \n \n Through its 50% ownership of JCU (\n \n Canada\n \n ) Exploration C...