Denison to modify name

Management of Denison Mines (DEN-T) has proposed changing its name to “Denison Energy” in order to reflect the company’s modern, split focus on both the uranium and oil and gas sectors.

In addition, management has proposed consolidating Denison’s shares on a 20-to-1 basis. The company currently has 325.6 million common shares issued and outstanding, and it notes that there are more than 3,700 registered shareholders who hold less than 20 shares. Shares now trade around 14.

Shareholders can vote on the changes at the annual meeting on May 8.