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Stock Market & Financial Investment News

News Breaks
November 28, 2012
18:12 EDTDNNDenison Mines announces plan of arrangement with JNR Resources
Denison Mines (DNN) and JNR Resources announced that they have entered into an Amending Agreement to amend their previously announced Acquisition Agreement, so that the acquisition of JNR will now proceed by way of a Plan of Arrangement instead of a take-over bid. The acquisition of JNR shares under the Arrangement will occur on substantially the same terms as the Bid, namely JNR shareholders will receive 0.073 of a Denison common share in exchange for each JNR common share held on the record date of December 12. The Arrangement will also provide for the issuance of replacement warrants and options to holders of outstanding warrants and options on similar terms as adjusted by the Exchange Ratio. Key provisions of the Acquisition Agreement, such as the non-solicitation covenant on the part of JNR, the right in favour of Denison to match any superior proposal and the termination fee of $325,000 payable to Denison in certain circumstances including if JNR accepts a superior proposal, have not been amended. The Arrangement allows the transaction to be completed within the same approximate time frame as the Bid, with closing planned for February 1, 2013, on a more cost effective basis. Documents relating to the Arrangement, including the information circular required in connection with JNR's special shareholder meeting scheduled for January 28, 2013, are to be mailed to JNR shareholders in early January 2013.
News For DNN From The Last 14 Days
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October 9, 2014
08:14 EDTDNNCameco reports first uranium concentrate from Cigar Lake ore
Cameco (CCJ) announced last night that the McClean Lake mill has started producing uranium concentrate from ore mined at the Cigar Lake operation in northern Saskatchewan. The Cigar Lake mine is 50.025% owned by Cameco, while AREVA Resources Canada has a 37.1% stake, Idemitsu Canada Resources has a 7.875% stake and TEPCO Resources a 5.0% stake. The mine is operated by Cameco. The McClean Lake mill is owned by AREVA Resources Canada, with 70%, Denison Mines (DNN), with 22.5%, and OURD Canada, with 7.5%, and is operated by AREVA.

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