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DENISON MINES LIMITED

 DENISON MINES LIMITED
 TORONTO, Dec. 16 /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 Dec. 15, 1991, any of the Series B preferred shares deposited for redemption and that no payment shall be made at this time.
 On March 15, June 15, Sept. 15 and Dec. 15 in each and every year commencing in 1991 until all of the Series B preferred shares deposited for redemption and not withdrawn are redeemed, the board of directors of Denison will determine the maximum number of Series B preferred shares Denison will redeem at a price of $25.00 plus all accrued and unpaid dividends and such number of Series B preferred shares will be redeemed pro-rata. To the extent a pro-rata redemption occurs, the registered holders will receive payment therefore.
 -0- 12/16/91
 /CONTACT: E. Peter Farmer of Denison Mines Limited, 416-865-1991/
 (DEN.A) CO: Denison Mines Limited ST: Ontario IN: MNG SU: SM -- NY085 -- 2683 12/16/91 17:01 EST
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Publication:PR Newswire
Date:Dec 16, 1991
Words:192
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