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Denison Mines Corp Announces Closing Of Acquisition of JNR Resources Inc


Thursday, 31 Jan 2013 04:12pm EST 

Denison Mines Corp announced the closing of its previously announced acquisition of the outstanding common shares of JNR Resources Inc. (JNR). The transaction was completed pursuant to a plan of arrangement (the Arrangement) in accordance with the Business Corporations Act (British Columbia), which was approved by the British Columbia Supreme Court yesterday. Securityholders of JNR approved the Arrangement on January 28, 2013. All conditions of closing have now been satisfied by both parties. Pursuant to the Arrangement, the former shareholders of JNR will receive, for each JNR common share held, 0.073 of a Denison common share (the Exchange Ratio). All of the outstanding options and common share purchase warrants of JNR are exchanged for options and warrants to purchase common shares of Denison and are exercisable to acquire that number of common shares of Denison and at an exercise price determined by reference to the Exchange Ratio. With the completion of the Arrangement, JNR common shares have now ceased trading on the TSX Venture Exchange and are expected to cease to be listed on the TSX Venture Exchange shortly. JNR will also apply to cease to be a reporting issuer under the securities laws of British Columbia and Alberta. 

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21 Nov 2014