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DNN

Denison Mines

$0.45

-0.0002 (-0.04%)

06:36
10/13/16
10/13
06:36
10/13/16
06:36

Denison Mines to acquire Hook-Carter property from ALX Uranium

Denison Mines announced that it has executed a definitive agreement with ALX Uranium to acquire an immediate 80% ownership of the entire Hook-Carter property in exchange for the issuance of 7.5 million common shares of Denison. Under the terms of the Agreement, ALX will retain a 20% interest in the Property and Denison agrees to fund ALX's share of the first C$12M in expenditures. Denison agrees to a modest work commitment, whereby Denison is required to spend C$3.0M on the Property over the first 3 years. If Denison does not meet the $3.0M work commitment, ALX's interest will increase from 20% to 25% and Denison's interest in the project will decrease from 80% to 75%.

DNN Denison Mines
$0.45

-0.0002 (-0.04%)

02/10/16
ROTH
02/10/16
INITIATION
Target $1
ROTH
Buy
Denison Mines initiated with a Buy at Roth Capital
Roth Capital analyst Joe Reagor started Denison Mines with a Buy rating and $1 price target.
02/10/16
02/10/16
INITIATION

On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aralez (ARLZ) initiated with a Buy at Guggenheim... Atlassian (TEAM) initiated with a Neutral at Baird... CareDx (CDNA) initiated with a Buy at Janney Capital... Denison Mines (DNN) initiated with a Buy at Roth Capital... Deutsche Boerse (DBOEY) initiated with a Neutral at Exane BNP Paribas... Instructure (INST) initiated with an Outperform at Oppenheimer... Kirkland's (KIRK) initiated with a Buy at B. Riley... Mesa Labs (MLAB) initiated with a Buy at Janney Capital... Natural Grocers (NGVC) initiated with a Hold at Deutsche Bank... Nordex (NRDXF) initiated with an Overweight at Barclays... Old Line Bancshares (OLBK) initiated with a Market Perform at Keefe Bruyette... Shire (SHPG) initiated with a Neutral at Guggenheim... T2 Biosystems (TTOO) initiated with a Buy at Cantor... iRobot (IRBT) initiated with a Buy at Chardan.
03/31/16
ROTH
03/31/16
NO CHANGE
ROTH
Denison Mines sale of subsidiary positive, says Roth Capital
After Denison announced that it had agreed to sell its African subsidiary to GoviEx Uranium, Roth Capital thinks the deal is "a significant qualitative positive" for Denison and demonstrates the company's focus on its Wheeler River asset. Roth reiterates a $1 price target and Buy rating on Denison.

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UNH

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DLR

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IDA

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Facebook

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DCIX

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SEP

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SEV

Sevcon

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ATOS

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CB

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AAPL

Apple

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MRK

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