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Canada : Denison Mines Corp. Completes C$14,997,150 Flow-Through Share Offering

August 13, 2014

Denison Mines Corp. announces that it has completed its previously announced private placement offering (the "Offering") of common shares (the "Flow-Through Shares") issued on a "flow-through" basis pursuant to the Income Tax Act (Canada).

At closing today, 9,257,500 Flow-Through Shares were issued through a syndicate of underwriters led by Dundee Securities Ltd. and including Paradigm Capital Inc., Raymond James Ltd., Scotiabank, BMO Capital Markets and Cormark Securities Inc. (the "Underwriters"), at a price of C$1.62 per Flow-Through Share, for aggregate gross proceeds to Denison of C$14,997,150. The proceeds include C$1,956,150 from the issuance of 1,207,500 Flow-Through Shares purchased pursuant to the over-allotment option granted to the Underwriters. The Flow-Through Shares are subject to a four-month hold period which will expire on December 12, 2014.

The proceeds of the Offering will be used to incur eligible Canadian Exploration Expenses for purposes of the Income Tax Act (Canada) relating to the Company's Canadian uranium mining exploration projects, which will be renounced to the subscribers with an effective date no later than December 31, 2014.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent an exemption from the registration requirements of such Act.

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Source: TendersInfo (India)

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