BRIEF-Denison says to acquire the Hook-Carter property from ALX Uranium
Oct 13 (Reuters) - Denison Mines Corp
* Announces transaction to acquire the Hook-Carter property from ALX Uranium Corp.
* Says under terms of agreement, ALX will retain a 20 percent interest in property
* Company acquires an immediate 80 percent ownership in entire property in exchange for issuance of 7.5 million Denison common shares to ALX
* Says if Denison does not meet $3.0 million work commitment, ALX's interest will increase from 20 percent to 25 percent
* 36 months after effective date of deal, parties to form JV, where material decisions to be carried by vote representing 51 percent ownership interest Source text for Eikon: Further company coverage:
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