Each of the units comprises of one common share and one half of one common share purchase warrant.
Denison would acquire the shares for a cost of $0.50 each, entailing a total investment of $1.8m.
Additionally, the purchase warrant entitles Denison to acquire one additional common share in Enexco at a price of $0.60 for a period of two years from the date of issue.
Enexco president and CEO Arnold Armstrong stated, "We are pleased to have Denison join us in the effort to further develop the Mann Lake project in the Athabasca Basin."
Denison president, CEO and director Ron Hochstein added, "Denison is pleased to have the opportunity to make this investment in Enexco and by doing so allow Denison exposure to a very exciting exploration project in the Athabasca Basin."
