Company sells shares at C$1.62 via syndicate led by Dundee Securities
By Devika Patel
Knoxville, Tenn., July 25 – Denison Mines Corp. said it plans a C$13.04 million private placement of stock with a 15% greenshoe.
The company will sell 8.05 million flow-through common shares at C$1.62 apiece. The price per share represents a 14.89% premium to C$1.41, the July 24 closing share price.
The deal will be conducted by a syndicate of underwriters led by Dundee Securities Ltd. and including Paradigm Capital Inc., Raymond James Ltd., Scotiabank, BMO Capital Markets and Cormark Securities Inc.
Settlement is expected Aug. 12.
Proceeds will be used for exploration.
Toronto-based Denison is a uranium producer.
Issuer: | Denison Mines Corp.
|
Issue: | Flow-through common shares
|
Amount: | C$13,041,000
|
Greenshoe: | 15%
|
Shares: | 8.05 million
|
Price: | C$1.62
|
Warrants: | No
|
Underwriters: | Dundee Securities Ltd. (lead), Paradigm Capital Inc., Raymond James Ltd., Scotiabank, BMO Capital Markets and Cormark Securities Inc.
|
Pricing date: | July 25
|
Settlement date: | Aug. 12
|
Stock symbol: | Toronto: DML
|
Stock price: | C$1.41 at close July 24
|
Market capitalization: | C$693.45 million
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.