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Stock Market & Financial Investment News

News Breaks
January 16, 2013
08:26 EDTFSSIF, DNNDenison Mines to acquire Fission Energy, spin out Patterson Lake
Denison Mines (DNN) announced the signing of a Binding Letter of Intent pursuant to which Denison will acquire a portfolio of uranium exploration projects from Fission Energy Corp. (FSSIF) 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, its interests in two joint ventures in Namibia plus its assets in Quebec and Nunavut. Under the terms of the Binding LOI, Denison has agreed to offer shareholders of Fission 0.355 shares of Denison for each share of Fission held, conditional upon, among other things, certain assets of Fission being spun out to a new company to be held pro rata by current Fission shareholders. NewCo assets will include, among others, a 50% interest in the Patterson Lake South property located in the western Athabasca Basin. The Transaction values the Assets at approximately $70M based on the closing price of Denison as of January 15. Upon completion of the Transaction, shareholders of Fission will own approximately 11% of Denison.
News For DNN;FSSIF From The Last 14 Days
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November 13, 2014
09:45 EDTDNNNYSE reports issue affecting one NYSE MKT workstation
The NYSE MKT cash equities market is currently experiencing an issue with one workstation affecting order processing and trade execution in nine symbols, it announced in a market status alert. The impacted symbols are Cornerstone Progressive Return Fund (CFP), Alpha Pro Tech (APT), Denison Mines (DNN), First Austrailian Prime Income Fund (FAX), iBio (IBIO), inTEST (INTT), Provectus (PVCT), TherapeuticsMD (TXMD) and Uranerz Energy (URZ). The NYSE MKT will issue a non-regulatory halt condition in the symbols and will not be trading these securities for the remainder of the day, it stated. Reference Link
November 10, 2014
11:12 EDTDNNUranium stocks rally after Japan approves reactor restart
Stocks of companies involved with the production, exploration and extraction of uranium are higher after the Kagoshima prefecture approved the restart of the Sendai nuclear power plant in Satsumasendai, Japan. The restart, which is slated to happen next year, will be the first restart since the meltdown at the Fukushima facility in 2011. WHAT'S NOTABLE. According to a BBC report, before the Fukushima incident 30% of Japan's power was nuclear-generated. Japan's Prime Minister Shinzo Abe has argued that the nuclear shutdown is hurting Japan's economy, as it has forced Japan to import expensive fossil fuels to make up the power shortfall. STOCKS TO WATCH. Shares rising following the news include Denison Mines (DNN), which is up over 6%, Uranerz Energy(URZ), up 14%, Cameco (CCJ), up almost 2%, UR-Energy (URG), up almost 14%, Uranium Energy (UEC), up 7%, Energy Fuels (UUUU), up 11% and Uranium Resources (URRE), which is up 19% in late morning trading.

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