Denison Completes CAD$5 Million Bought Deal Private Placement of Flow-Through Shares
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Denison Mines Corp.
1100 – 40 University Ave
Toronto, ON M5J 1T1
www.denisonmines.com
@DenisonMinesCo
PRESS RELEASE
DENISON COMPLETES CAD$5 MILLION BOUGHT DEAL
PRIVATE PLACEMENT OF FLOW-THROUGH SHARES
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, ON – November 23, 2018. Denison Mines Corp . ("Denison" or the "Company") (DML: TSX;
DNN: NYSE American) is pleased to announce that it has completed its previously announced private
placement offering (the “Offering”) of common share s issued on a “flow-through” basis pursuant to the
Income Tax Act (Canada) (“Flow-Through Shares”).
The Company issued 4,950,495 Flow-Through Shares, a t a price of CAD$1.01 per Flow-Through Share,
for total gross proceeds of approximately CAD$5,000,000.
The Flow-Through Shares were issued through a syndi cate of underwriters led by Cantor Fitzgerald
Canada Corporation as sole bookrunner and including Haywood Securities Inc., Cormark Securities Inc.,
TD Securities Inc. and Eight Capital. The Flow-Thro ugh Shares are subject to a four-month hold period,
which will expire on March 24, 2019.
The Company has agreed to use the gross proceeds fr om the sale of the Flow-Through Shares for
"Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) and anticipates
using the gross proceeds for expenses related to th e Company's uranium mining exploration projects in
Saskatchewan. The Company has also agreed to renoun ce such Canadian exploration expenses with an
effective date of no later than December 31, 2018.
About Denison
Denison is a uranium exploration and development company with interests focused in the Athabasca Basin
region of northern Saskatchewan, Canada. In additio n to its 90.0% owned Wheeler River project, which
ranks as the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of
the Athabasca Basin region, Denison's Athabasca Basin exploration portfolio consists of numerous projects
covering approximately 320,000 hectares. Denison's interests in Saskatchewan also include a 22.5%
ownership interest in the McClean Lake joint ventur e, 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 an d Midwest A deposits, and a 65.92% interest in the J
Zone deposit and Huskie discovery on the Waterbury Lake property. Each of Midwest, Midwest A, J Zone
and Huskie 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 press release constitutes "forward-looking information", within the meaning of the United States
Private Securities Litigation Reform Act of 1995 an d similar Canadian legislation concerning the busin ess, operations and financial
performance and condition of Denison. Generally, th ese 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 information
pertaining to expectations regarding Denison’s joint venture ownership interests and the continuity of its joint venture agreements, the
Company’s exploration activities and plans and objectives and the anticipated use of proceeds of the Offering.
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, uncert ainties and other factors that may cause the actual results, performance or
achievements of Denison to be materially different from those expressed or implied by forward-looking statements. Denison believes
that the expectations reflected in this forward-loo king information are reasonable but no assurance ca n be given that these
expectations will prove to be accurate and may diff er materially from those anticipated in this forwar d looking information. For a
discussion in respect of risks and other factors th at could influence forward-looking events, please r efer to the factors discussed in
Denison's Annual Information Form dated March 27, 2 018 under the heading "Risk Factors". These factors are not, and should not
be construed as being exhaustive. Accordingly, readers should not place undue reliance on forward-looking statements.
The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Any forward-looking
information and the assumptions made with respect t hereto speaks only as of the date of this press rel ease. Denison does not
undertake any obligation to publicly update or revi se any forward-looking information after the date o f this press release to conform
such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.