Company sells 12.2 million flow-through shares for C$0.82 each
By Angela McDaniels
Tacoma, Wash., May 3 – Denison Mines Corp. agreed to sell C$10 million of flow-through common shares to a group of underwriters on a bought-deal private placement basis. There is a C$2 million greenshoe.
Dundee Securities Ltd. and TD Securities Inc. are the co-lead underwriters and joint bookrunners, according to a company news release.
The price is C$0.82 per flow-through share, which is a 9.3% premium to the company’s C$0.75 closing share price on May 2.
The offering is expected to close May 20.
The company plans to use the proceeds for exploration expenses.
Denison is a uranium exploration and development company based in Toronto.
| Issuer: | Denison Mines Corp.
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| Issue: | Flow-through common shares
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| Amount: | C$10,004,000
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| Shares: | 12.2 million
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| Price: | C$0.82
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| Warrants: | No
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| Bookrunners: | Dundee Securities Ltd. and TD Securities Inc.
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| Pricing date: | May 3
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| Stock symbol: | TSX: DML
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| Stock price: | C$0.75 at close May 2
|
| Market capitalization: | C$373.28 million
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