Denison Mines Raises C$82 Million

(Reuters) – Denison Mines (DML.TO) said on Tuesday it has entered into an agreement with a syndicate of investment dealers which have agreed to buy, on a bought deal basis, 40 million common shares of Denison at a purchase price of C$2.05 per share.

The deal will raise gross proceeds of C$82 million.

The Canadian uranium producer said the deal is being co-led by GMP Securities and Cormark Securities. It also includes support from Canaccord Capital Corp, Scotia Capital, CIBC World Markets and Raymond James Ltd.

In a bought deal an underwriter or syndicate buys shares from an issuer before selling them on to the public.

Shares of Denison closed Monday at C$2.39 on the Toronto Stock Exchange. ($1= $1.12 Canadian) (Reporting by Euan Rocha, editing by Dave Zimmerman)