is a uranium exploration and development company with interests in exploration and development projects in Canada, Zambia and Mongolia. Shareholders must submit the required documents to Denison by Jin order to be eligible to make a joint election.ĭenison Mines Corp. A copy of the Tax Instruction Letter is also available on Denison's website, The tax election is time sensitive. Fission shareholders that marked the appropriate box on the letter of transmittal and election form will receive a Tax Instruction Letter by mail. Fission will apply to cease to be a reporting issuer under the securities laws of British Columbia and Alberta as soon as possible.Ĭertain Fission shareholders may be eligible to make a joint election with Denison, pursuant to subsection 85(1) or (2) of the Income Tax Act (Canada), to defer a portion of the tax applicable on the exchange of Fission Shares for common shares of Denison and cash. Fission Shares traded during this time represent only an entitlement to receive the consideration under the Arrangement, as described above. With the completion of the Arrangement, Denison is advised that, in accordance with exchange requirements, Fission Shares will cease trading on the TSX Venture Exchange upon close of business on Monday, Apand are expected to be de-listed shortly after that. The holders of Fission warrants are entitled to receive, upon exercise of their warrants, the number of common shares of Denison and Fission Uranium which the warrantholders would have been entitled to receive as a result of the Arrangement, if immediately prior to the effective date the warrantholders had exercised their warrants. Unexercised Fission options will automatically be exchanged for options to acquire common shares of Denison and Fission Uranium. 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 one (1) common share of Fission Uranium. The transaction was completed pursuant to a plan of arrangement (the " Arrangement") in accordance with the Business Corporations Act (Canada).Īs a result of the Arrangement, Denison acquired all of the outstanding common shares of Fission (the " Fission Shares") with Fission spinning out certain assets into a newly-incorporated exploration company, Fission Uranium Corp. (" Fission") whereby Denison acquired a portfolio of uranium exploration projects held by Fission, including Fission's 60% interest in the Waterbury Lake uranium project, as well as Fission's exploration interests in all other properties in the eastern part of the Athabasca Basin, Quebec and Nunavut, plus its interest in two joint ventures in Namibia. (" Denison" or the " Company") ( DML.TO)(NYSE MKT:DNN) is pleased to announce the closing of the previously announced transaction with Fission Energy Corp. TORONTO, ONTARIO-(Marketwired - Apr 26, 2013) - Denison Mines Corp.
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