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Cosa Resources Issues Shares as Deferred Payment to Denison Mines

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Cosa Resources (COSA.V) has issued about 2.2 million shares priced at C$0.69036 per share to Denison Mines (DML.TO) as part of deferred consideration under an acquisition agreement between the two companies.

Cosa is now debt-free and well financed through 2027 following the full satisfaction of the deferred consideration, the uranium exploration company said Wednesday.

Under the acquisition agreement announced in November 2024, Cosa agreed to acquire a 70% interest in Denison's Murphy Lake North, Darby, and Packrat properties in Saskatchewan.

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