RE:RE:RE:RE:RE:DEAL ...@autofocus - Where did u see the NR / get the info last night? U have a better source, best info I can find is this one ... 08:36 AM EST, 02/11/2021 (MT Newswires) -- Denison Mines Corp. (DML.TO), which rose near 6% and hit 52-week highs on the TSX yesterday, was at last look down 2% in U.S. pre-market trading after saying Thursday that it entered into agreements with Cantor Fitzgerald Canada Corp. and Haywood Securities Inc. to raise US$25 million in a bought-deal offering and C$8 million in private placement of flow-through shares.
The bought-deal offering comprises 27,473,000 units priced at US$0.91 each. Each unit will consist of one share and one-half of a warrant. Each warrant is exercisable at US$2.00 per share for 24 months. Closing is expected by Feb. 19.
Denison granted underwriters an option to purchase up to an additional 4,120,950 units at the same price for US$3.8 million in additional proceeds. The company plans to use the proceeds from the bought-deal offering to advance the Wheeler River uranium project, as well as for general working capital purposes.
The private placement of flow-through shares consists of 5,926,000 shares priced at C$1.35 per share. Proceeds will be used for the company's uranium exploration projects in Canada. Closing is expected by March 3.
Price: 1.2400, Change: +0.0700, Percent Change: +5.98