By Devika Patel
Knoxville, Tenn., Dec. 23 - Denison Mines Corp. said it settled an C$8 million private placement of flow-through shares. The deal priced for C$11.99 million on Dec. 4.
The company sold 7,275,000 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.
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$8,002,500
|
| Shares: | 7,275,000
|
| Price: | C$1.10
|
| Warrants: | No
|
| Underwriters: | 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
|
© 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.
