TORONTO - Shareholders of Toronto's DENISON MINES INC. have approved that company's merger with INTERNATIONAL URANIUM CORP. IUC investors approved the proposal on Nov. 20.
Provided the Ontario Court of Justice approves the transaction, closing is expected to occur on Dec. 1, 2006 at which time Denison's common shares will cease trading on the Toronto Stock Exchange. Holders of Denison common shares will exchange each one of their Denison common shares for 2.88 IUC common shares. IUC shareholders will continue to hold their existing number of common shares. IUC will be renamed DENISON MINES LTD. and, shortly after closing, its common shares will commence trading under the symbol "DML".
Denison holds varying interests in uranium projects in Saskatchewan. See www.DenisonMines.com for particulars.