#Denison mines fission uranium plus#

The Agreement also provides for, among other things, customary board support and non-solicitation covenants from Fission. Pursuant to the terms of the Agreement, the Arrangement is subject to applicable regulatory approvals and the satisfaction of certain closing conditions customary for transactions of this nature. Pursuant to the Agreement, the consideration to be received by the shareholders of Fission consists of 0.355 of a common share of Denison (each, a ' Denison Share'), a nominal cash payment of $0.0001 and 1 (one) common share of Spinco (a ' Spinco Share') for each common share of Fission held. The Arrangement will be carried out by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act and must be approved by the Superior Court of British Columbia and the affirmative vote of Fission securityholders at a special meeting that is expected to be held on April 23, 2013. The Spinco assets will consist of the remaining assets of Fission including the 50% interest in the Patterson Lake South property located in the western Athabasca Basin.

#Denison mines fission uranium plus#

Pursuant to the Agreement, Denison will acquire a portfolio of uranium exploration projects 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, Quebec, and Nunavut, plus its interests in two joint ventures in Namibia. (' Spinco'), by way of a court-approved plan of Arrangement (the ' Arrangement'). (' Fission') have entered into a definitive arrangement agreement (the ' Agreement') which replaces the binding letter agreement previously announced, pursuant to which Denison has agreed to acquire all of the issued and outstanding shares of Fission with Fission spinning out certain assets into a newly-formed publicly traded company, Fission Uranium Corp. ( DML.TO)(NYSE MKT:DNN)(NYSE Amex:DNN) ('Denison') is pleased to announce that Denison and Fission Energy Corp.

TORONTO, ONTARIO-(Marketwire - Mar 7, 2013) - Denison Mines Corp.