Press Release and Material Change Report
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
of the Securities Exchange Act of 1934
Date: January 15, 2007
Commission File Number: 000-24443
Denison Mines Corp.
(Translation of registrants name into English)
Atrium on Bay, 595 Bay Street, Suite 402, Toronto, Ontario M5G 2C2
(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.
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): o
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K
if submitted solely to provide an attached annual report to security holders.
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): o
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K
if submitted to furnish a report or other document that the registrant foreign private
issuer must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrants home
country), or under the rules of the home country exchange on which the registrants
securities are traded, as long as the report or other document is not a press release, is
not required to be and has not been distributed to the registrants security holders, and,
if discussing a material event, has already been the subject of a Form 6-K submission or
other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82-
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/ Sheila Colman
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Sheila Colman |
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Date: January 15, 2007 |
Canadian Counsel and Corporate Secretary |
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2
EXHIBIT INDEX
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Exhibit Number |
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Description |
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1
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Press Release dated January 9, 2007 |
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2
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Material Change Report dated January 10, 2007 |
3
Denison Mines Corp.
Atrium on Bay, 595 Bay Street, Suite 402
Toronto, ON M5G 2C2
Ph. 416-979-1991 Fx. 416-979-5893 www.denisonmines.com
PRESS RELEASE
DENISON ANNOUNCES CDN $106 MILLION
PRIVATE PLACEMENT CLOSED
Toronto, ON January 9, 2007... Denison Mines Corp. (Denison or the Company) (DML:TSX)
reports that the private placement announced on December 19, 2006 has closed. An aggregate of
9,010,700 common shares of the Company were sold at a price of Cdn $11.75 per share for gross
proceeds of Cdn $105,875,725. The shares were sold on a best efforts, private placement basis by a
syndicate of agents. Net proceeds of the private placement will be used for general corporate
purposes. The Company has received regulatory approval and the securities have been issued to the
investors.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any
of the common shares in the United States. The common shares have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States without registration under the United
States Securities Act of 1933, as amended, and all applicable state securities laws, or an
exemption therefrom.
Denison Mines Corp. is the premier intermediate uranium producer in North America, with mining
assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States
including Colorado, Utah, and Arizona. Further, the Company has ownership interests in two of the
four uranium mills operating in North America today. The combination of a diversified mining asset
base with parallel ownership of milling infrastructure in highly politically stable jurisdictions
has uniquely positioned the Company for growth and development into the future. The Company also
has a strong exploration portfolio with large land positions in the United States, Canada and
Mongolia. Correspondingly, the Company has one of the largest uranium exploration teams among
intermediate uranium companies.
Cautionary Statements
This news release contains forward-looking statements, within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the
business, operations and financial performance and condition of Denison Mines Corp. (Denison).
Forward looking statements include, but are not limited to, statements with respect to estimated
production, synergies and financial impact of the proposed transaction; the benefits of the
proposed transaction and the development potential of Denisons properties; the future price of
uranium; the estimation of mineral reserves and resources; the realization of mineral reserve
estimates; the timing and amount of estimated future production; costs of production; capital
expenditures; success of exploration activities; permitting time lines and permitting, mining or
processing issues; currency exchange rate fluctuations; government regulation of mining operations;
environmental risks; unanticipated reclamation expenses; title disputes or claims; and limitations
on insurance coverage. Generally, these forward-looking statements 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 or be achieved.
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, including but not limited to risks related to: unexpected events during construction,
expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; delay or failure
to receive board or government approvals; timing and availability of external financing on
acceptable terms; risks related to international operations; actual results of current exploration
activities; actual results of current reclamation activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be
refined; future prices of uranium and vanadium; possible variations in ore reserves, grade or
recovery rates; failure of plant,
equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; delays in the completion of development or
construction activities, as well as those factors discussed in or referred to in the current annual
Managements Discussion and Analysis of each of Denison Mines Inc. (DMI) and International
Uranium Corporation (IUC), the current Annual Information Form of DMI filed with the securities
regulatory authorities in Canada and available at www.sedar.com and IUCs Annual Report on Form
20-F filed with the securities regulatory authorities in Canada and available at www.sedar.com.
Although management of Denison has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. Denison does not undertake
to update any forward-looking statements that are incorporated by reference herein, except in
accordance with applicable securities laws. Mineral resources, which are not mineral reserves, do
not have demonstrated economic viability. Readers should refer to the respective Annual
Information Forms of DMI and, IUC, each for the year ended December 31, 2005, and other continuous
disclosure documents filed by each of them since January 1, 2006 available at
www.sedar.com, for further information relating to their mineral resources and mineral
reserves.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred
Resources: This news release uses the terms Measured, Indicated and Inferred Resources.
United States investors are advised that while such terms are recognized and required by Canadian
regulations, the United States Securities and Exchange Commission does not recognize them.
Inferred Mineral Resources have a great amount of uncertainty as to their existence, and as to
their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred
Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of
Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United
States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral
Resources will ever be converted into Mineral Reserves. United States investors are also cautioned
not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or
legally mineable.
For further information, please contact:
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E. Peter Farmer
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(416) 979-1991 ext. 231 |
Ron Hochstein
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(604) 689-7842 |
James Anderson
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(416) 979-1991 ext. 372 |
2
FORM 51-102F3
MATERIAL CHANGE REPORT
1. |
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Name and Address of Company: |
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Denison Mines Corp. (the Corporation)
595 Bay Street, Suite 402
Toronto, ON M5G 2C2 |
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2. |
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Date of Material Change: |
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January 9, 2007 |
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3. |
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News Release: |
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The news release reporting the material change, a copy of which is attached hereto, was
released by the Corporation on January 9, 2007 through the facilities of CCNMatthews. |
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4. |
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Summary of Material Change: |
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The Corporation announced that it has closed a private placement of 9,010,700 common shares
of the Corporation at a price of $11.75 per share for gross proceeds of Cdn$105,875,725. |
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5. |
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Full Description of Material Change: |
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The Corporation closed a private placement offering of 9,010,700 common shares of the
Corporation at a price of $11.75 per share for gross proceeds of Cdn$105,875,725. The
private placement offering was made on a best efforts basis through a syndicate of agents
led by Sprott Securities Inc. and GMP Securities L.P. and including Dundee Securities
Corporation, CIBC World Markets Inc., Scotia Capital Inc. and Raymond James Ltd. The shares
issued pursuant to the private placement are subject to a four month hold period expiring on
May 10, 2007. Net proceeds from the sale of the shares issued in the private placement will
be used for general corporate purposes. |
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6. |
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Reliance on Subsection 7.1(2) or (3) of National
Instrument 51-102: |
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Not applicable. |
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7. |
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Omitted Information: |
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No information has been omitted. |
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8. |
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Executive Officer: |
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For further information, please contact E. Peter Farmer, Chief Executive Officer of the
Corporation, at the above-mentioned address or at (416) 979-1991. |
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9. |
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Date of Report: |
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January 10, 2007. |
PRESS RELEASE
DENISON ANNOUNCES CDN $106 MILLION
PRIVATE PLACEMENT CLOSED
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, ON January 9, 2007... Denison Mines Corp. (Denison or the Company) (DML:TSX)
reports that the private placement announced on December 19, 2006 has closed. An aggregate of
9,010,700 common shares of the Company were sold at a price of Cdn $11.75 per share for gross
proceeds of Cdn $105,875,725. The shares were sold on a best efforts, private placement basis by a
syndicate led by Sprott Securities Inc., and GMP Securities L.P., and including Dundee Securities
Corporation, CIBC World Markets Inc., Scotia Capital Inc. and Raymond James Ltd. Net proceeds of
the private placement will be used for general corporate purposes. The Company has received
regulatory approval and the securities have been issued to the investors. The securities issued
pursuant to the private placement are subject to a four month hold period expiring on May 10, 2007.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any
of the common shares in the United States. The common shares have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States without registration under the United
States Securities Act of 1933, as amended, and all applicable state securities laws, or an
exemption therefrom.
Denison Mines Corp. is the premier intermediate uranium producer in North America, with mining
assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States
including Colorado, Utah, and Arizona. Further, the Company has ownership interests in two of the
four uranium mills operating in North America today. The combination of a diversified mining asset
base with parallel ownership of milling infrastructure in highly politically stable jurisdictions
has uniquely positioned the Company for growth and development into the future. The Company also
has a strong exploration portfolio with large land positions in the United States, Canada and
Mongolia. Correspondingly, the Company has one of the largest uranium exploration teams among
intermediate uranium companies.
Cautionary Statements
This news release contains forward-looking statements, within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the
business, operations and financial performance and condition of Denison Mines Corp. (Denison).
Forward looking statements include, but are not limited to, statements with respect to estimated
production, synergies and financial impact of the proposed transaction; the benefits of the
proposed transaction and the development potential of Denisons properties; the future price of
uranium; the estimation of mineral reserves and resources; the realization of mineral reserve
estimates; the timing and amount of estimated future production; costs of production; capital
expenditures; success of exploration activities; permitting time lines and permitting, mining or
processing issues; currency exchange rate fluctuations; government regulation of mining operations;
environmental risks; unanticipated reclamation expenses; title disputes or claims; and limitations
on insurance coverage. Generally, these forward-looking statements 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 or be achieved.
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, including but not limited to risks related to: unexpected events during construction,
expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; delay or failure
to receive board or government approvals; timing and availability of external financing on
acceptable terms; risks related to international operations; actual results of current exploration
activities; actual results of current reclamation activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; future prices
of uranium and vanadium; possible variations in ore reserves, grade or recovery rates; failure of
plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks
of the mining industry; delays in the completion of development or construction activities, as well
as those factors discussed in or referred to in the current annual Managements Discussion and
Analysis of each of Denison Mines Inc. (DMI) and International Uranium Corporation (IUC), the
current Annual Information Form of DMI filed with the securities regulatory authorities in Canada
and available at www.sedar.com and IUCs Annual Report on Form 20-F filed with the securities
regulatory authorities in Canada and available at www.sedar.com. Although management of Denison
has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. Denison does not undertake
to update any forward-looking statements that are incorporated by reference herein, except in
accordance with applicable securities laws. Mineral resources, which are not mineral reserves, do
not have demonstrated economic viability. Readers should refer to the respective Annual
Information Forms of DMI and, IUC, each for the year ended December 31, 2005, and other continuous
disclosure documents filed by each of them since January 1, 2006 available at
www.sedar.com, for further information relating to their mineral resources and mineral
reserves.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred
Resources: This news release uses the terms Measured, Indicated and Inferred Resources.
United States investors are advised that while such terms are recognized and required by Canadian
regulations, the United States Securities and Exchange Commission does not recognize them.
Inferred Mineral Resources have a great amount of uncertainty as to their existence, and as to
their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred
Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of
Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United
States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral
Resources will ever be converted into Mineral Reserves. United States investors are also cautioned
not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or
legally mineable.
For further information, please contact:
|
|
|
E. Peter Farmer
|
|
(416) 979-1991 ext. 231 |
Ron Hochstein
|
|
(604) 689-7842 |
James Anderson
|
|
(416) 979-1991 ext. 372 |