Business
Denison Mines Announces Overnight Marketed Offering
TORONTO, March 25, 2020 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (DML: TSX, DNN: NYSE American) announces that the Company is undertaking an ove
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, March 25, 2020 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (DML: TSX, DNN: NYSE American) announces that the Company is undertaking an overnight marketed public offering of common shares (the \"Offered Shares\") of the Company for minimum gross proceeds of US$4.0 million (the \"Offering\"). The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the Company and Cantor Fitzgerald Canada Corporation (\"CFCC\") and Haywood Securities Inc., as co-lead underwriters, and a syndicate of underwriters (collectively, the \"Underwriters\"). CFCC will act as sole bookrunner. The Offering will be made in the United States through CFCC's U.S. affiliate, Cantor Fitzgerald & Co. The price and number of Offered Shares to be sold will be determined in the course of marketing and there can be no assurance as to whether or when the Offering will be completed. In addition, Denison will grant the Underwriters an over-allotment option (the \"Over-Allotment Option\") exercisable, in whole or in part, in the sole discretion of the Underwriters, to purchase up to an additional 15% of the number of Offered Shares sold in the Offering for up to 30 days after the closing, on the same terms and conditions as the Offering. The Company will pay the Underwriters a cash commission equal to 6.0% of the gross proceeds of the Offering, including proceeds received from the exercise of the Over-Allotment Option, at the closing of the Offering. The Offered Shares will be offered by way of a short form prospectus in all provinces of Canada (other than Quebec), and will be offered in the United States pursuant to a prospectus filed as part of a registration statement under the Canada/U.S. multi-jurisdictional disclosure system. A registration statement on Form F-10 relating to these securities has been filed with the United States Securities and Exchange Commission (the \"SEC\") but has not yet become effective. The securities may not be sold nor may offers to buy be accepted in the United States prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Offered Shares in any jurisdiction in which such offer, solicitation or sale would...