Denison Mines Corp 6-K, filed Feb 19, 2021
Denison Mines Corp. (DNN)
6-K
2021-02-19
For: 2021-02-19
View Original
Added on
April 07, 2026
About this 6-K
Denison Mines Corp filed this 6-K on February 19, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Date: February 19, 2021
Commission File Number: 001-33414
Denison Mines Corp.
(Name of
registrant)
1100-40 University Avenue
Toronto Ontario
M5J 1T1 Canada
(Address of
principal executive offices)
Indicate by check mark whether the registrant files
or will file annual reports under cover Form 20-F or Form
40-F.
Form
20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1): ☐
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.
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DENISON MINES
CORP.
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/s/ Amanda Willett
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Date:
February 19, 2021
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Amanda
Willett
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Vice
President Legal and Corporate Secretary
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FORM 6-K
EXHIBIT INDEX
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Exhibit Number
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Description
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99.1
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Exhibit 99.1
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Denison Mines
Corp.
1100 – 40
University Ave
Toronto, ON M5J
1T1
www.denisonmines.com
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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
PRESS
RELEASE
DENISON
ANNOUNCES CLOSING OF US$28.75 MILLION
BOUGHT DEAL OFFERING OF
UNITS
Toronto, ON – February 19, 2021
Denison Mines Corp. (“Denison” or the
“Company”) (DML: TSX, DNN: NYSE American) is pleased to
announce that it has closed its previously announced bought deal
public offering of units (the “Offering”).
The Company
issued 31,593,950 units of the Company at US$0.91 per unit for
aggregate gross proceeds of approximately US$28.75 million, which
includes 4,120,950 units with the full exercise of the
underwriters’ over-allotment option.
Each unit
consists of one common share and one-half of one transferable
common share purchase warrant of the Company. Each full warrant is
exercisable to acquire one Company common share at an exercise
price of US$2.00 for 24 months after issuance. The warrants are not
listed.
The Offering was
completed through a syndicate of underwriters co-led by Cantor
Fitzgerald Canada Corporation and Haywood Securities Inc., as joint
bookrunners, and including Canaccord Genuity Corp., Scotia Capital
Inc. and TD Securities Inc.
Proceeds of the
Offering are anticipated to be used to fund evaluation and
environmental assessment activities in support of the advancement
of the proposed Phoenix in-situ recovery uranium mining operation
(“Phoenix”) on Denison's Wheeler River Uranium Project,
as well as for general working capital purposes. Subject to a
decision to advance to a formal Feasibility Study
(“FS”) for Phoenix, the proceeds from the Offering and
current working capital are expected, based on current estimates,
to be sufficient to complete such FS process.
The Offering was
made by way of a prospectus supplement dated February 16, 2021 (the
"Prospectus Supplement") to the Company's existing Canadian short
form base shelf prospectus dated June 2, 2020 (the "Base Shelf
Prospectus"). The Prospectus Supplement has been filed with the
securities commissions in each of the provinces and territories
of Canada, except Quebec and is available on the SEDAR website
maintained by the Canadian Securities Administrators at
www.sedar.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, nor will there be any
sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
The securities offered have not been approved or disapproved by any
regulatory authority, nor has any such authority passed upon by the
accuracy or adequacy of the Prospectus Supplement or the Base Shelf
Prospectus.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws and may not be
offered or sold within the United States or to or for the account
or benefit of a U.S. person (as defined in Regulation S under the
U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws or an exemption from such
registration is available.
About Denison
Denison is a
uranium exploration and development company with interests focused
in the Athabasca Basin region of northern Saskatchewan, Canada. The
Company's flagship project is the 90% owned Wheeler River Uranium
Project, which is the largest undeveloped uranium project in the
infrastructure rich eastern portion of the Athabasca Basin region
of northern Saskatchewan. Denison's interests in Saskatchewan also
include a 22.5% ownership interest in the McClean Lake joint
venture ("MLJV"), 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 and Midwest A deposits, and a 66.90%
interest in the Tthe Heldeth Túé (“THT”,
formerly J Zone) and Huskie deposits on the Waterbury Lake
property. Each of Midwest, Midwest A, THT and Huskie are located
within 20 kilometres of the McClean Lake mill.
Denison is
engaged in mine decommissioning and environmental services through
its Closed Mines group (formerly Denison Environmental Services),
which manages Denison's Elliot Lake reclamation projects and
provides post-closure mine care and maintenance services to a
variety of industry and government clients.
Denison is also
the manager of Uranium Participation Corporation, a publicly traded
company listed on the TSX under the symbol 'U', which invests in
uranium oxide in concentrates ('U3O8') and uranium
hexafluoride ('UF6').
For more information, please contact
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David Cates
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(416) 979-1991 ext.
362
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President and Chief Executive
Officer
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Sophia Shane
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(604) 689-7842
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Investor
Relations
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Follow Denison on
Twitter
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@DenisonMinesCo
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Cautionary Statement Regarding Forward-Looking
Statements
Certain
information contained in this news release constitutes
‘forward-looking information’, within the meaning of
the applicable United States and 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’, ‘budget’,
‘scheduled’, ‘estimates’,
‘forecasts’, ‘intends’,
‘anticipates’, or ‘believes’, or the
negatives and/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’.
In
particular, this news release contains forward-looking information
pertaining to: the use of proceeds from sales from the Offering,
and Denison's expectations regarding its joint venture ownership
interests and the continuity of its agreements with third
parties.
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. For example, if market
conditions remain volatile and/or COVID-19 mitigation measures
result in more social and economic disruptions, Denison may not use
the proceeds of the Offering as herein described or at all or
pursue its evaluation and environmental assessment activities or
other intended purposes of the proceeds of the Offering, which
could have significant impacts on Denison. In addition, the
currently anticipated evaluation and environmental assessment
activities may not be maintained after further testing or Denison
may decide or otherwise be required to alter or discontinue
testing, evaluation and development work, if it is unable to
maintain or otherwise secure the necessary approvals or resources
(such as testing facilities, capital funding, etc.) and the Company
may not be able to, or may choose not to, proceed to a FS for
Phoenix. Denison believes that the expectations reflected in this
forward-looking information are reasonable and no assurance can be
given that these expectations will prove to be accurate and results
may differ materially from those anticipated in this
forward-looking information. For a discussion in respect of risks
and other factors that could influence forward-looking events,
please refer to the factors discussed in Denison’s Annual
Information Form dated March 13, 2020 under the heading “Risk
Factors”. These factors are not, and should not be construed
as being exhaustive
Accordingly,
readers should not place undue reliance on forward-looking
statements. The forward-looking information contained in this news
release is expressly qualified by this cautionary statement. Any
forward-looking information and the assumptions made with respect
thereto speaks only as of the date of this news release. Denison
does not undertake any obligation to publicly update or revise any
forward-looking information after the date of this news release to
conform such information to actual results or to changes in
Denison's expectations except as otherwise required by applicable
legislation.