Denison Mines Corp.

Denison Mines Corp.

March 09, 2007 17:07 ET

Denison Extends Offer Period to Acquire OmegaCorp Limited

TORONTO, ONTARIO--(CCNMatthews - March 9, 2007) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML) reports that the Company has elected to further extend the offer period pursuant to the Company's bid to acquire any or all of the issued and outstanding shares of OmegaCorp Limited ("OmegaCorp") (ASX:OMC) originally announced on December 5, 2006. The offer will now close at 5:00 pm (South Australian Time) on March 21, 2007.

The directors of OmegaCorp stated in an announcement on the Australian Stock Exchange on December 6, 2006 that they unanimously recommend that OmegaCorp shareholders accept the Company's offer, and the directors have tendered their shares in favour of the offer.

Denison's currently holds approximately 29% of the common shares of OmegaCorp. Denison encourages all OmegaCorp shareholders who have not yet accepted the Company's offer to do so as soon as possible.

A copy of the Bidder's Statement is available on

Denison Mines Corp. is the premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further, the Company has ownership interests in two of the four uranium mills operating in North America today. The combination of a diversified mining asset base with parallel ownership of milling infrastructure in highly politically stable jurisdictions has uniquely positioned the Company for growth and development into the future. The Company also has a strong exploration portfolio with large land positions in the United States, Canada and Mongolia. Correspondingly, the Company has one of the largest uranium exploration teams among intermediate uranium companies.

Contact Information

  • Denison Mines Corp.
    E. Peter Farmer
    (416) 979-1991 ext. 231
    Denison Mines Corp.
    Ron Hochstein
    (604) 689-7842
    Denison Mines Corp.
    James Anderson
    (416) 979-1991 ext. 372
    (416) 979-5893 (FAX)