11:35 AM EST - Denison Mines Corp. : said it signed definitive arrangement agreement to acquire all of the issued and outstanding shares of Northern Continental Resources Inc. in an all-share transaction. The transaction scheduled to close on or about July 27, 2009, subject to Northern obtaining shareholder approval, TSX Venture Exchange approval, and interim and final orders of the Supreme Court of British Columbia. As per the agreement, Denison will acquire Northern on the basis of 0.0920 Denison common shares for each share of Northern resulting in the issuance of 5.08 million common shares to Northern shareholders. Additionally, all Northern options and warrants outstanding on closing will become exercisable into common shares of Denison. Denison Mines Corp.
shares T.DML are trading down $0.03 at $2.03.
