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Published on 12/19/2006 in the Prospect News PIPE Daily.

New Issue: Denison Mines prices C$100 million private placement of stock

By Sheri Kasprzak

New York, Dec. 19 - Denison Mines Corp. negotiated the terms of a C$100,000,725 private placement.

The company intends to sell 8,510,700 shares at C$11.75 each.

The deal is being placed through a syndicate of agents led by Sprott Securities Inc. and GMP Securities LP and including Dundee Securities Corp., CIBC World Markets Inc., Scotia Capital Inc. and Raymond James Ltd.

Proceeds will be used for general corporate purposes.

Toronto-based Denison is a uranium exploration company with projects in the Athabasca Basin of Saskatchewan and in the southwestern United States.

Issuer:Denison Mines Corp.
Issue:Stock
Amount:C$100,000,725
Shares:8,510,700
Price:C$11.75
Warrants:No
Placement agents:Sprott Securities Inc. (lead), GMP Securities LP (lead), Dundee Securities Corp., CIBC World Markets Inc., Scotia Capital Inc., Raymond James Ltd.
Pricing date:Dec. 19
Stock symbol:Toronto: DML
Stock price:C$11.95 at close Dec. 18

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