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DENISON MINES LIMITED ANNOUNCES LOAN REPAYMENT DATE EXTENSION

 TORONTO, Jan. 4 /PRNewswire/ -- Denison Mines Limited (TSE: DEN.A) announced today that the repayment date of its corporate loan facility aggregating $72.4 million has been extended from Jan. 4, 1993 to the earlier of Jan. 3, 1994 and the date that Ontario Hydro is required to pay Denison any award following the arbitration of the price dispute. Under the terms of the extension, Denison continues to be prohibited from paying any dividends on and from acquiring, through redemption or otherwise, any of its issued shares.
 -0- 1/4/93
 /CONTACT: Bill James of Denison Mines Limited, 416-865-1991 or 416-865-1993/
 (DEN.A.)


CO: Denison Mines Limited ST: Ontario IN: MNG SU:

TM -- NY083 -- 1486 01/04/93 18:29 EST
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Publication:PR Newswire
Date:Jan 4, 1993
Words:121
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