Business
Denison Mines Completes US$19.0 Million Offering
TORONTO, Oct. 14, 2020 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that today it has closed
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, Oct. 14, 2020 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to announce that today it has closed its previously announced public offering (the \"Offering\") of common shares of the Company (the \"Common Shares\"). The Company issued 51,347,321 Common Shares, at a price of US$0.37 per Common Share, for total gross proceeds of approximately US$19.0 million, which includes 4,347,321 Common Shares with the exercise, in part, of the over-allotment option. The Offering was completed through a syndicate of underwriters co-led by Cantor Fitzgerald Canada Corporation and Haywood Securities Inc., as joint bookrunners, and including Canaccord Genuity Corp., Scotia Capital Inc. and TD Securities Inc. (collectively the \"Underwriters\") pursuant to an underwriting agreement between the Company and the Underwriters dated October 8, 2020. Proceeds of the Offering are anticipated to be used to fund evaluation and environmental assessment activities on Denison's Wheeler River project, as well as for general working capital purposes. The Common Shares were qualified for issuance pursuant to a prospectus supplement (the \"Prospectus Supplement\") to the Company's existing Canadian short form base shelf prospectus (the \"Base Shelf Prospectus\") and U.S. registration statement on Form F-10, as amended (File No. 333-238108) (the \"Registration Statement\"), each dated June 2, 2020. The Registration Statement was declared effective by the United States Securities and Exchange Commission (the \"SEC\") on June 3, 2020. The Prospectus Supplement has been filed with the securities commissions in each of the provinces and territories of Canada, except Quebec, and with the SEC. The Canadian Prospectus Supplement (together with the related Canadian Base Shelf Prospectus) is available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com. The U.S. Prospectus Supplement (together with the related U.S. Base Shelf Prospectus) is available on the SEC's website at www.sec.gov. Alternatively, the Prospectus Supplement and related Base Shelf Prospectus may be obtained upon request by contacting the Company or Cantor Fitzgerald Canada Corporation in Canada, attention: Equity Capital Markets, 181 University Avenue, Suite 1500, Toronto, ON, M5H ...