Apex Capital Partners advises on successful takeover of White Canyon Uranium by Denison Mines Corp

June 20, 2011 - PRLog -- SYDNEY, 20 June 2011: On Friday, 17 June 2011 the offer by intermediate uranium producer Denison Mines Corp (Denison) of $0.24 cash per share of uranium producer White Canyon Uranium (White Canyon) closed.

Denison successfully received acceptances for 97% of White Canyon shares during the offer period and, as previously announced, now intends to compulsorily acquire the remaining shares of White Canyon.

The acquisition of White Canyon provides Denison with additional control over its milling schedules and uranium production, as well as establishing a new, fourth mining district for Denison near its White Mesa mill, which has significant potential for immediate resource growth.

Apex Capital Partners acted as financial advisor to White Canyon.

Contacts:
Yolanda Beattie
Honner Media
Yolanda@honnermedia.com.au
+61 2 8248 3744
+61 450 327 785   

Jason Gellert
Apex Capital Partners
jason@apexcapital.com.au
+61 2 9290 6810
www.apexcapital.com.au

About Apex Capital Partners
Apex Capital Partners is a Sydney-based independent corporate advisory and principal investment firm, providing highest quality, personalised and independent advice to both public and private companies, and financial investors.
About White Canyon Uranium
White Canyon Uranium Ltd is a Perth, Western Australia-based company focused on acquisition, exploration, and development of uranium producing properties. The company’s U.S. operations are headquartered in Moab, Utah and comprise multiple mining tenements covering approximately 15,500 acres in Southern Utah.