TORONTO, November 13, 2020 / PRNewswire / – Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) announces that it has entered into a percentage distribution agreement dated November 13, 2020 (the “percentage distribution agreement”), (“GAB”), with Cantor Fitzgerald Canada Corporation (“CFCC”), Scotia Capital Inc. (in collaboration with CFCC, the “Senior Canadian Co-Agents”), Cantor Fitzgerald
The ATM will allow Denison, through subordinates and representatives, to offer and sell, from time to time, in Canada and the United States through the Toronto Stock Exchange (“TSX”) and/or NYSE American facilities, such a number of shares that would have a total bid value of up to $20 million Non-unusual stock sales, if any, will be made through trading through ordinary agents on TSX and/or NYSE American or in a different way to current market values at the time of sale.
The Company considers the ATM to be a valuable tool for long-term prospective access to the public market position, where percentage offers can take position at market position costs and at particularly reduced costs. As a result, the overall gross revenue from ATM percentage offers would likely be well below the $20 million maximum. As indicated in the supplementary prospectus, the Company intends to use THE ATM PROCEDURES to finance the valuation of mining assets and the engineering of allocation activities, as well as overhead, corporate and administrative expenses. The ATM will be in effect until July 2, 2022, unless it is resceded through Denison before that date or otherwise in accordance with the terms of the percentage distribution contract.
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SOURCE Denison Mines Corp.