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Gold/Mining/Energy : denison mines
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To: Lalit Jain who wrote (124)10/21/1997 5:49:00 PM
From: Lalit Jain  Read Replies (1) of 301
 
Excerpt re.Denison from Roman Corp's Q3 results news release:

(I have added it here for information purposes only)

"During the third quarter, the Company (Roman Corp) sold 5 million shares of Denison
Mines Limited against the purchase of 10 million warrants. The warrants have a
three year term and a strike price of $.55. The Company recorded a gain of
$1,700,000 in this transaction, generated cash value for an investment that
had previously been written off, and preserved the option to increase Roman
Corporation's position in Denison Mines. The Company continues to hold
10,064,279 shares of Denison in addition to the 10 million warrants."

*************************************************

Sudden burst of upward movement today. First Marathon was a big buyer. Denison Q3 results should be out by the end of Oct.

Lalit Jain
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