interesting tidbit here regarding Dennison's largest shareholder http://blogs.reuters.com/financial-regulatory-forum/2011/03/23/japan%E2%80%99s-material-adverse-change-from-financings-to-ma/
"FINANCE
One such company is intermediate uranium producer Denison Mines. On Feb. 23, Denison announced a $65 million bought deal financing ? a transaction which was scheduled to close on March 15. The company cleared a final prospectus in respect of the transaction on March 8. Prior to closing, however, the Japanese crisis hammered Denison?s share price, which dropped nearly 25 percent from the evening of March 11 to the following day. Fortunately for Denison, the deal closed anyway, despite the fact that the underwriting agreement contained both a disaster out and a significant adverse effect clause in favour of the underwriters.
Whether the underwriters in the Denison deal concluded the Japanese crisis would only have a temporary impact, or other factors were at work, is unknown. Of interest, however, is the fact that Denison?s largest shareholder, Korea Electric Power Corporation (KEPCO) was entitled to acquire shares at the same offering price in order to maintain its existing shareholding level, but has not yet indicated whether it intends to exercise its anti-dilution right."
WCU Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
