PRLog (Press Release)– Jun 20, 2011– SYDNEY, 20 June 2011: On Friday, 17 June 2011 the offer by intermediate uranium producer Denison Mines Corp (Denison) of $0.24 cash per share of uran rc helicopter and car market plac auto part e ium producer White Canyon Uranium (White Canyon) closed.
Denison successfully received acceptances for 97% of White Canyon shares during the offer period and, as previously announced, now intends to compulsorily acquire the remaining shares of White Canyon.
The acquisition of White Canyon provides Denison with additional control over its milling schedules and uranium production, as well as establishing a new, fourth mining district for Denison near its White Mesa mill, which has significant potential for immediate resource growth.
Apex Capital Partners acted as financial advisor to White Canyon.
Contacts: Yolanda Beattie Honner Media Yolanda@honnermedia.com.au +61 2 8248 3744 +61 450 327 785
Jason Gellert Apex Capital Partners jason@apexcapital.com.au +61 2 9290 6810 www.apexcapital.com.au
About Apex Capital Partners Apex Capital Partners is a Sydney-based independent corporate advisory and principal investment firm, providing highest quality, personalised and independent advice to both public and private companies, and financial investors. About White Canyon Uranium White Canyon Uranium Ltd is a Perth, Western Australia-based company focused on acquisition, 1086274749 exploration, and development of uranium prod audi .com/category/corsa">corsa ucing properties. The company's U.S. operations are headquartered in Moab, Utah and comprise multiple mining tenements covering approximately 15,500 acres in Southern Utah.
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