TransactionsDenison Mines Closes $65 Million "Bought Deal" FinancingPublished: 03/15/2011 By Chad Accursi, Jennifer Hansen, Gregory Hogan, Christopher B. Norton On March 15, 2011, Denison Mines Corp. closed a “bought deal” financing. Denison has sold to a syndicate of underwriters 18.3 million common shares at $3.55 per common share to raise gross proceeds of $64,965,000. In accordance with an existing agreement between Denison and its largest shareholder, Korea Electric Power Corporation (“KEPCO”), KEPCO is entitled to subscribe for an additional 3.4 million common shares at $3.55 per common share in a separate private placement transaction in order to maintain its existing 15.8% shareholding level. KEPCO has not yet indicated whether it will exercise its right. Cassels Brock acted for the underwriters with a team that included Chad Accursi (Securities and Mining), Greg Hogan (Securities and Mining), Jennifer Hansen (Securities) and Chris Norton (Tax). Denison Mines Corp. is an intermediate uranium producer with production in the US, combined with a diversified development portfolio of projects in the US, Canada, Zambia and Mongolia. |