12 million shares sold at C$1.25, 12.61% premium to last closing price
By Devika Patel
Knoxville, Tenn., April 29 – Denison Mines Corp. said it plans a C$15 million private placement of stock.
The company will sell 12 million flow-through common shares at C$1.25 apiece. The price per share represents a 12.61% premium to C$1.11, the April 28 closing share price.
The deal will be conducted on a bought-deal basis by a syndicate of underwriters led by Dundee Securities Ltd.
Settlement is expected May 26.
Proceeds will be used for exploration.
Toronto-based Denison is a uranium producer.
| Issuer: | Denison Mines Corp.
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| Issue: | Flow-through common shares
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| Amount: | C$15 million
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| Shares: | 12 million
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| Price: | C$1.25
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| Warrants: | No
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| Underwriters: | Dundee Securities Ltd. (lead), Raymond James Ltd., Cormark Securities Inc. and Scotiabank
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| Pricing date: | April 29
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| Settlement date: | May 26
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| Stock symbol: | Toronto: DML
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| Stock price: | C$1.11 at close April 28
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| Market capitalization: | C$562.15 million
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