To: Goose94 who wrote (15022 ) 5/20/2016 9:51:06 AM From: Goose94 Read Replies (1) | Respond to Denison Mines (DML-T) May 20, '16 is pleased to announce that it has completed its previously announced private placement offering of common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada).Income Tax Act (Canada)) and anticipates using the gross proceeds for expenses related to the Company's Canadian uranium mining exploration projects in Saskatchewan – including the Company's flagship Wheeler River project, located in the infrastructure rich eastern portion of the Athabasca Basin. The Company has agreed to renounce such Canadian exploration expenses with an effective date of no later than December 31, 2016.About Denison Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan. Including its 60% owned Wheeler River project, which hosts the high grade Phoenix and Gryphon uranium deposits, Denison's exploration portfolio consists of numerous projects covering over 350,000 hectares in the eastern Athabasca Basin. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture, which includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest deposit and a 61.55% interest in the J Zone deposit on the Waterbury Lake property. Both the Midwest and J Zone deposits are located within 20 kilometres of the McClean Lake mill. Internationally, Denison owns 100% of the Mutanga project in Zambia, 100% of the uranium/copper/silver Falea project in Mali, and a 90% interest in the Dome project in Namibia. Denison has recently entered into an agreement with GoviEx Uranium Inc. (CSE:GXU ) to sell its African interests, with an expected closing date in late May or early June, 2016. Denison is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division and is the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride. Denison Mines Corp.denisonmines.com
