Denison sells Goviex shares, warrants for $41.6m

Dual-listed Denison Mines has entered into a private agreement to sell shares and warrants that it held in Africa-focused explorer and developer GoviEx Uranium for investment purposes for $41.6-million.

Denison will sell 32.5-million common shares, currently held for investment purposes, and 32.5-million common share purchase warrants entitling the holder to acquire one additional common shares of GoviEx owned by Denison at an exercise price of $0.80 for a term of 18 months.