Denison Mines Corp T.DML

Alternate Symbol(s): DNN

Energy

Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The Company holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22.5% ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill. It also holds a 25.17% interest in the Midwest Main and Midwest A deposits, and a 67.41% interest in the Tthe Heldeth Tue (THT) and Huskie deposits on the Waterbury Lake property. The Company, through JCU (Canada) Exploration Company, Limited, holds indirect interests in the Millennium project, the Kiggavik project, and the Christie Lake project. It also offers environmental services. The Company also uses MaxPERF drilling tool technology and systems.

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Denison Mines Corp

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Comment by VancDayTraderon Nov 26, 2010 2:37pm

565 Views

Post# 17763659

RE: RE: RE: sell or hold??

Check out the volume and price increase since Nov 18th NR. Its cheap enough to hang in there

Denison Mines Corp. Announces C$65,450,000 Private Placement

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2010)
Denison Mines Corp. (TSX:DML)(NYSE Amex:DNN) ("Denison" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of investment dealers co-led by GMP Securities L.P. and Scotia Capital Inc. (the "Underwriters"), which have agreed to sell on behalf of the Company on an underwritten private placement basis 25 million special warrants of the Company (the "Special Warrants") at a price of C$2.45 per Special Warrant for aggregate gross proceeds of C$61,250,000 (the "Non-Flow Through Offering") and 1.4 million flow through special warrants of the Company (the "Flow Through Special Warrants") at a price of C$3.00 per Flow Through Special Warrant for gross proceeds of C$4,200,000 (the "Flow Through Offering"). Collectively, the Non-Flow Through Offering and the Flow Through Offering will raise aggregate gross proceeds of C$65,450,000 (the "Offering").

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