BRIEF-Denison Mines to option Moore Lake Property to Skyharbour

Thu Jul 14, 2016 7:43am EDT
 
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July 14 (Reuters) - Denison Mines Corp

* Denison announces transaction to option Moore Lake Property to Skyharbour for cash and stock

* Will receive 18 million common shares of Skyharbour and staged cash payments of $500,000, in aggregate, over next five years

* To acquire a 100 pct interest in property Skyharbour must also spend $3.5 million in exploration expenditures on property over next 5 years

* all amounts in c$ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)