Denison Mines Corp. Announces C$65,450,000 Private Placement

Denison Mines Corp. (TSX:DML,AMEX:DNN) reports its private placement of C$65,450,000.

The press release is quoted as saying:

The Company plans to use the proceeds of the Non-Flow Through Offering for the development of the Company’s uranium properties, for working capital and for general corporate purposes. The proceeds received by the Company from the Flow Through Offering will be used to incur eligible Canadian exploration expenses that qualify as Canadian exploration expenses and “flow-through mining expenditures” for purposes of the Income Tax Act (Canada) and which will be renounced in favour of the holders with an effective date of no later than December 31, 2010.

Click here to access the entire news release.