By Sheri Kasprzak
Atlanta, Nov. 17 - Denison Mines Inc. will raise C$1.5 million in a private placement, the company said Wednesday.
The company will issue 122,450 flow-through common shares at C$12.25 in the non-brokered offering.
The deal is expected to close Nov. 30.
The company is conducting a separate private placement for proceeds of about C$15 million. That deal is expected to close Nov. 24.
Denison is a uranium mining company based in Toronto. The company plans to use the proceeds from the offering to finance its 2005 exploration program at its McClean Lake, Midwest, Wheeler River, Wolly and Waterfound properties.
| Issuer: | Denison Mines Inc.
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| Issue: | Stock
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| Amount: | C$1.5 million
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| Shares: | 122,450 flow-through shares
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| Price: | C$12.25
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| Warrants: | No
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| Announcement date: | Nov. 17
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| Settlement date: | Nov. 30
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| Stock price: | C$11.90 at close Nov. 16
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