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In March 2005, Denison Mines Inc. (DMI) was appointed as the manager of Uranium Participation Corporation (UPC) for an initial term of five years. UPC is a public company with the primary investment objective of achieving an appreciation in the value of its uranium holdings. The Company does not, directly or indirectly, have an ownership interest in UPC, and the two companies do not have any directors in common. As manager, DMI provides the corporation’s officers and manages the activities of UPC including purchasing uranium for and on behalf of UPC, arranging for its storage at converters and attending to regulatory reporting for UPC.
During 2008, DMI earned an aggregate of $2.9 million in management fees and commissions as manager of UPC.
To learn more about Uranium Participation Corporation, please contact Investor Relations at Denison at 416-979-1991, Extension 366 or visit www.uraniumparticipation.com.
Last updated April, 2009.
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