Denison gets commitment for $125 million revolver

By Sara Rosenberg

New York, April 30 - Denison Mines Corp. has received a commitment for a new $125 million three-year revolving credit facility, according to a news release.

Bank of Nova Scotia is the lead bank on the deal.

Pricing on the revolver can range from Libor plus 125 basis points to 200 bps, and the unused fee can range from 40 bps to 55 bps.

Security is the assets of Denison Mines Inc., a wholly owned subsidiary of Denison.

Proceeds will be used to finance mining operations in Canada and the United States, and the development of uranium projects at Midwest, in Canada, in Zambia and Mongolia.

Denison is a Toronto-based uranium producer.

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