Denison Mines Closes Arrangement with Fission Energy


Denison Mines Corp. (DML.TO) has completed its acquisition of Fission Energy Corp. (FIS.V) portfolio of uranium exploration projects, including Fission's 60% interest in the Waterbury Lake uranium project, as well as exploration interests in all other properties in the eastern part of the Athabasca Basin, Quebec and Nunavut, plus its interest in 2 joint ventures in Namibia.

As a result of the arrangement, Denison acquired all of the outstanding common shares of Fission with Fission spinning out certain assets into a newly-incorporated exploration company, Fission Uranium Corp.

Under the arrangement, each Fission Share was exchanged for 0.355 of a common share of Denison, a nominal cash payment of $0.0001 and 1 common share of Fission Uranium.

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This article appears in: Investing , Commodities

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