By Jennifer Chiou
New York, Dec. 5 - Denison Mines Corp. entered into an agreement for a C$11.99 million private placement of flow-through shares.
The company will sell 10.9 million flow-through common shares at C$1.10 per share.
The bought-deal financing was arranged with a syndicate of underwriters led by Cormark Securities Inc. and including Dundee Securities Corp. and Raymond James Ltd. The underwriters will receive a cash commission of 4.25% of the gross proceeds.
Settlement is expected Dec. 23.
Proceeds will be used for exploration.
Toronto-based Denison Mines is a uranium producer.
| Issuer: | Denison Mines Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$11.99 million
|
| Shares: | 10.9 million
|
| Price: | C$1.10
|
| Warrants: | No
|
| Agents: | Cormark Securities Inc. (lead), Dundee Securities Corp. and Raymond James Ltd.
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 23
|
| Stock symbol: | Toronto: DML
|
| Stock price: | C$0.72 at close Dec. 5
|
| Market capitalization: | C$136.81 million
|
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