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DENISON MINES LIMITED ANNOUNCES IT CANNOT REDEEM AND WILL NOT MAKE PAYMENT ON ANY SERIES B PREFERRED SHARES

 DENISON MINES LIMITED ANNOUNCES IT CANNOT REDEEM AND
 WILL NOT MAKE PAYMENT ON ANY SERIES B PREFERRED SHARES
 TORONTO, June 15 /PRNewswire/ -- Denison Mines Limited announced today that its board of directors has determined that given the provisions contained in the extension of its corporate loan agreement, it cannot and it would be contrary to applicable law to redeem, on June 15, 1992, any of the Series B preferred shares deposited for redemption and that no payment shall be made at this time.
 -0- 6/15/92
 /CONTACT: Bill James of Denison Mines, 416-865-1991 or 416-865-1993/
 (DEN.PR.B) CO: Denison Mines ST: Toronto IN: MNG SU: SRP


SM -- NY094 -- 0412 06/15/92 19:38 EDT
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Publication:PR Newswire
Date:Jun 15, 1992
Words:117
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