Denison Completes CAD$20M Bought Deal Private Placement of Common and Flow-Through Shares
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Denison Mines Corp.
1100 – 40 University Ave
Toronto, ON M5J 1T1
www.denisonmines.com
@DenisonMinesCo
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
PRESS RELEASE
DENISON COMPLETES CAD$20M BOUGHT DEAL PRIVATE PLACEMENT
OF COMMON AND FLOW-THROUGH SHARES
Toronto, ON – March 9, 2017 Denison Mines Corp. ("Denison" or the "Company") (TSX: DML)(NYS E
MKT: DNN) is pleased to announce that it has completed its prev iously announced private placement
offering (the “Offering”) of ordinary common shares and common shares issued on a “flow-through” basis
pursuant to the Income Tax Act (Canada) (“Flow-Through Shares”).
The Company issued 5,790,000 common shares (the “Common Shares” ) at a price of CAD$0.95 per
Common Share, 8,482,000 Flow-Through Shares, at a price of CAD$ 1.12 per Flow-Through Share (the
"Tranche A Flow-Through Shares"), and a further 4,065,000 Flow-Through Shares at a price of CAD$1.23
per Flow-Through Share (the "Tranche B Flow-Through Shares", to gether with the Common Shares and
the Tranche A Flow-Through Shares, the “Securities”), for total gross proceeds of CAD$20,000,290.
The Securities were issued through a syndicate of underwriters led by Paradigm Capital Inc. and including
Cormark Securities Inc., TD Securities Inc. and Eight Capital (together, the "Underwriters"). The Securities
are subject to a four-month hold period, which will expire on July 10, 2017.
The Company has agreed to use the gross proceeds realized from the sale of the Tranche A Flow-Through
Shares and Tranche B Flow-Through Shares for "Canadian explorat ion expenses" (within the meaning of
the Income Tax Act (Canada)) and anticipates using the gross proceeds for expense s related to the
Company's uranium mining explorat ion projects in Saskatchewan – including the Company’s flagship
Wheeler River project, located in the infrastructure rich easte rn portion of the Athabasca Basin. The
Company has agreed to renounce such Canadian exploration expens es with an effective date of no later
than December 31, 2017.
About Denison
Denison is a uranium exploration and development company with interests focused in the Athabasca Basin
region of northern Saskatchewan. Including its 60% owned Wheeler Ri ver project, which hosts the high
grade Phoenix and Gryphon uranium deposits, Denison' s exploration portfolio consists of numerous
projects covering over 350,000 hectares in the infr astructure rich eastern Athabasca Basin. Denison's
interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture, which
includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore
from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest deposit and
a 63.01% interest in the J Zone deposit on the Wate rbury Lake property. Both the Midwest and J Zone
deposits are located within 20 kilometres of the McClean Lake mill.
Denison is also engaged in mine decommissioning and environmental services through its Denison
Environmental Services division and is the manager of Uranium Participation Corp., a publicly traded
company which invests in uranium oxide and uranium hexafluoride.
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For more information, please contact
David Cates (416) 979-1991 ext. 362
President and Chief Executive Officer
Sophia Shane (604) 689-7842
Investor Relations
Follow Denison on Twitter @DenisonMinesCo
Cautionary Statement Regarding Forward-Looking Statements
Certain information contained in this pre ss release constitutes “forward-looking info rmation” and "forward-looking statements"
(collectively, "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. Generally,
these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or the negatives and/or variations of such words and
phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has
the potential to”. In particular, this press release contains forward-looking statements pertaining to the anticipated use of proceeds of
the Offering and the Company's exploration activities and plans and objectives.
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 c ause the actual results, level of activi ty,
performance or achievements of Denison to be materially different from those expre ssed or implied by such forward-looking
statements. Denison believes that the expec tations reflected in this forward-looki ng information are reasonable but there can b e no
assurance that such statements will prove to be accurate and may differ materially from those ant icipated in this forward looki ng
information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the “Risk
Factors” in Denison’s Management Discussion & Analysis dated March 8, 2017. These factors are not, and should not be construed
as being, exhaustive.
Accordingly, readers should not place undue re liance on forward-looking statements. The forward-looking information contained i n
this press release is expressly qualified by this cautionary statement. Denison does not undertake any obligation to publicly update or
revise any forward-looking information after the date of this press release to conform such information to actual results or to changes
in its expectations except as otherwise required by applicable legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities
described herein in the United States. The securi ties described herein have not been and will not
be registered under the United States Securities Act of 1933, as amended, and may not be offered,
sold or resold in the United States.