ENP Newswire -
Release date- 25072014 -
The Underwriters have been granted the option to purchase up to an additional 15% of the number of Flow-Through Shares issuable in the Offering, exercisable in whole or in part at any time up to 48 hours prior to the closing of Offering. The Underwriters will seek to arrange for substituted purchasers for the Flow-Through Shares in one or more provinces of
The closing of the Offering is expected to occur on or about
The Company intends to use the gross proceeds of the Offering for 'Canadian exploration expenses' (within the meaning of the Income Tax Act (
Denison is a uranium exploration and development company with interests in exploration and development projects in
Denison's interests in
Internationally, Denison owns 100% of the conventional heap leach Mutanga project in
Denison is engaged in mine decommissioning and environmental services through its DES division and is the manager of
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in
Certain information contained in this press release constitutes 'forward-looking information', within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation concerning the business, operations and financial performance and condition of Denison.
Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur', 'be achieved' or 'has the potential to'.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, to be materially different from those expressed or implied by such forward-looking statements. Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this press release should not be unduly relied upon.
This information speaks only as of the date of this press release. In particular, the forward-looking information contained herein relates to the expectations of Denison to complete the Offering, the proposed use of proceeds of the Offering and the expected closing date of the Offering.
There can be no assurance that such statements will prove to be accurate, as the outcome of the proposed Offering and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in or referred to under the heading 'Risk Factors' in Denison's Annual Information Form dated
Accordingly, readers should not place undue reliance on forward-looking statements. These factors are not, and should not be construed as being, exhaustive. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.
President and CEO
Tel: (416) 979-1991
Tel: (604) 689-7842
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