Denison Completes USD$5.75 Million Public Offering
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Denison Mines Corp.
1100 – 40 University Ave
Toronto, ON M5J 1T1
www.denisonmines.com
PRESS RELEASE
DENISON COMPLETES USD$5.75 MILLION PUBLIC OFFERING
Toronto, ON – April 9, 2020. Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN:
NYSE American) is pleased to announce that today it has closed its previously announced public offering
(the “Offering”) of common shares of the Company (the “Common Shares”).
The Company issued 28,750,000 Common Shares, at a price of USD$ 0.20 per Common Share, for total
gross proceeds of USD$5,750,000, w hich includes the exercise in full of the over-allotment option of
3,750,000 Common Shares.
David Cates, Denison’s President & CEO, commented, “We are pleased with the market’s response to the
Offering. The exercise of the full over-allotment, and the Company’s ability to complete a significant equity
financing in the current market, speaks to the support that Denison has earned over the last several years
from its investors. The offering was backed by seve ral existing shareholders, including uranium focused
investment firms, insiders, and the Lundin family.”
The Offering was completed through a syndicate of underwriters co-led by Cantor Fitzgerald Canada
Corporation, as sole bookrunner, and Haywood Securities Inc., a nd included BMO Nesbitt Burns Inc.,
Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp. and Raymond James Ltd. (collectively the
“Underwriters”) pursuant to an underwriting agreement between the Company and the Underwriters dated
March 26, 2020.
Proceeds of the Offering are anticipated to be used to fund Den ison’s business activities planned for the
remainder of 2020 and into 2021, as well as for general working capital purposes, as more fully described
in the Company’s final short form prospectus.
The Common Shares were qualified for issuance pursuant to a final short form prospectus in all provinces
of Canada (other than Quebec), and in the United States pursuan t to a related registration statement on
Form F-10, as amended (SEC File No. 333-237381), filed with the United States Securities and Exchange
Commission (the “SEC”) under the Canada/U.S. multi-jurisdictional disclosure system. The final short form
prospectus is available on SEDAR at www.sedar.com and the regis tration statement, including the U.S.
form of the final short form prospectus, is available on the SE C’s website at www.sec.gov. This news
release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of
the Common Shares in any jurisdiction in which such offer, soli citation or sale would be unlawful prior to
registration or qualification under the securities laws of that jurisdiction. The Common Shares have not
been approved or disapproved by any regulatory authority, nor has any such authority passed upon by the
accuracy or adequacy of the prospectus or the registration statement.
About Denison
Denison is a uranium exploration and development company with interests focused in the Athabasca Basin
region of northern Saskatchewan, Canada. Denison’s Athabasca Basin exploration portfolio consists of
numerous projects covering approximately 280,000 hecta res. The Company's flagship project is the 90%
owned Wheeler River Uranium Project. Denison’s interests in the Athabasca Basin also include a 22.5%
ownership interest in the McClean Lake joint ventur e (“MLJV”), 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 and Midwest A deposits, and a 66.57% interest
in the J Zone and Huskie deposits on the Waterbury Lak e property. Each of Midwest, Midwest A, J Zone
and Huskie are located within 20 kilometres of the McClean Lake mill.
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Denison is engaged in mine decommissioning and environmental services through its Closed Mines group
(formerly Denison Environmental Services), which manages Denison's Elliot Lake reclamation projects and
provides post-closure mine care and maintenance services to a variety of industry and government clients.
Denison is also the manager of Uranium Participat ion Corp., a publicly traded company which invests in
uranium oxide and uranium hexafluoride.
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 news release constitutes ‘forward-looking information’, within the meaning of the applicable United
States and Canadian legislation concerning the business, operations and financial performance and condition of Denison.
Generally, these forward-looking statements c an be identified by the use of forward-look ing 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 news release contains forward-looking in formation pertaining to the following: the proposed use of proceeds of the
Offering; evaluation and development plans and objectives; and ex pectations regarding its joint venture ownership interests and the
continuity of its agreements with its partners.
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. For example, if market conditions remain volatile and/or COVID-19 mitigation measures result in more social and
economic disruptions, Denison may not be able to complete its operational plans as currently anticipated, which could have significant
impacts on Denison and its ability to continue as a going concern. Denison believes that the expectations reflected in this fo rward-
looking information are reasonable but no assu rance can be given that these expectations will prove to be accurate and results may
differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other fa ctors that
could influence forward-looking events, please refer to the factors discussed in Denison’s Annual Information Form dated March 13,
2020 under the heading ‘Risk Factors’. 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 news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with
respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise
any forward-looking information after the date of this news rel ease to conform such information to actual results or to changes in
Denison's expectations except as otherwise required by applicable legislation.