Since filing financial statements, Denison Mines (TSE) has been granted approval by securities commissions to have its common and preferred shares resume trading on the Toronto and Montreal stock exchanges.
The company reported earnings of $7.1 million for 1993, compared with $47.2 million in 1992. Revenues for the year were $95.6 million in 1993, compared with $181.4 million in 1992.
Denison is continuing to negotiate, with federal and provincial authorities, a clean-up plan for its mine in Elliot Lake, Ont.
Once completed, a restructuring plan will be submitted to Denison’s bank and mortgage lenders, as well as common and preferred shareholders. The plan will entail converting the company’s remaining debt and preferred share obligations into common shares.
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