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Denison Mines Corp. (TSX:DML,NYSEMKT:DNN) announced that it had acquired roughly 2,750,531 additional common shares of Rockgate Capital as of the last working day in November.
Denison Mines Corp. (TSX:DML,NYSEMKT:DNN) announced that it had acquired roughly 2,750,531 additional common shares of Rockgate Capital as of the last working day in November. Denison has taken up and accepted for payment all of such shares, resulting in it owning approximately 88% of the outstanding shares in aggregate. Denison will issue Denison common shares in exchange for the deposited shares on or before December 4, 2013.
According to Denison’s press release:
Denison has extended its Offer until 4:00 p.m. (Toronto time) on December 6, 2013, in order to allow Rockgate shareholders an additional opportunity to tender to the Offer. Denison has determined that the Thanksgiving Day holiday in the United States prevented certain shareholders from depositing their shares in a timely manner. A notice of extension will be mailed to registered Rockgate shareholders shortly. If Denison is successful in acquiring 90% of the Rockgate common shares, it intends to acquire all the remaining shares by way of a compulsory acquisition. If the compulsory acquisition procedure is not available to Denison, it will pursue a subsequent acquisition transaction by way of amalgamation or other corporate reorganization so as to acquire the Rockgate common shares not deposited to the Offer.