An agreement to sell its 33.9% interest in Zemex Corp., a producer of industrial minerals and mineral powders in the U.S., for US$8.6 million has been entered into by Denison Mines (TSE).
In addition, the unidentified purchaser has acquired a right of first refusal on the 245,901 warrants owned by Denison, each warrant exercisable until June 15, 1995, and allowing the bearer to buy one Zemex share at US$9.25.
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