Denison Acquires 89% of Rockgate and Announces Intention to Acquire Remaining Shares Through a Plan of Arrangement
December 06 2013 - 5:40PM
Marketwired
Denison Acquires 89% of Rockgate and Announces Intention to Acquire
Remaining Shares Through a Plan of Arrangement
TORONTO, ONTARIO--(Marketwired - Dec 6, 2013) - Denison Mines
Corp. ("Denison") (TSX:DML)(NYSEMKT:DNN) (Currency: CAD$) announced
that, as of 4:00 p.m. (Toronto time) today, approximately
104,852,532 common shares of Rockgate Capital Corp. ("Rockgate")
have been validly deposited to Denison's offer to acquire all of
the outstanding shares of Rockgate (the "Offer"). Denison has taken
up and accepted for payment all of such shares, representing
approximately 89% of the outstanding Rockgate common shares. The
Offer has now expired.
Denison also announced that it will move to acquire the Rockgate
common shares not deposited to the Offer through a plan of
arrangement (the "Arrangement"), on the same terms as the
Offer.
About Denison
Denison is a uranium exploration and development company with
interests in exploration and development projects in Canada,
Zambia, Namibia, and Mongolia. Including the high grade Phoenix
deposits, located on its 60% owned Wheeler project, Denison's
exploration project portfolio includes 49 projects and totals
approximately 597,000 hectares in the Eastern Athabasca Basin
region of Saskatchewan. 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, one of the world's largest uranium processing
facilities, plus a 25.17% interest in the Midwest deposit and a 60%
interest in the J-Zone deposit on the Waterbury property. Both the
Midwest and J-Zone deposits are located within 20 kilometres of the
McClean Lake mill. Internationally, Denison owns 100% of the
conventional heap leach Mutanga project in Zambia, an approximate
77% interest in the Dome project in Namibia, and an 85% interest in
the in-situ recovery projects held by the Gurvan Saihan joint
venture in Mongolia.
Denison is engaged in mine decommissioning and environmental
services through its DES division and is the manager of Uranium
Participation Corporation, a publicly traded company which invests
in uranium oxide and uranium hexafluoride.
Additional information about Denison is available on Denison's
website at www.denisonmines.com or under its profile on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov.
Cautionary Statement Regarding Forward-Looking Statements
Certain information contained in this press release
constitutes "forward-looking statements", within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of similar
Canadian legislation concerning the business, operations and
financial performance and condition of Denison.
Generally, these forward-looking statements and information
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, level of activity,
performance or achievements of Denison to be materially different
from those expressed or implied by such forward-looking statements.
Denison believes that the expectations reflected in forward-looking
statements and information are reasonable but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements and 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, this
press release may contain forward-looking statements and
information about Denison's intention to complete a subsequent
acquisition transaction to acquire the remaining Rockgate common
shares.
There can be no assurance that such statements or
information will prove to be accurate, as Denison's actual results
and future events could differ materially from those anticipated in
any forward-looking statements or information as a result of the
factors discussed in or referred to under the heading "Risk
Factors" in Denison's Annual Information Form dated March 13, 2013
available at http://www.sedar.com, and in its Form 40-F available
at http://www.sec.gov/edgar.shtml.
Accordingly, readers should not place undue reliance on
forward-looking statements or information. These factors are not
and should not be construed as being exhaustive. The
forward-looking statements and information contained in this press
release is expressly qualified by this cautionary statement.
Denison does not undertake any obligation to publicly update or
revise any forward-looking statements or 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.
Investors and analystsRon HochsteinPresident and Chief Executive
Officer(416) 979-1991Sophia ShaneInvestor Relations(416)
979-1991(416) 979-5893info@denisonmines.comwww.denisonmines.com
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