FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For December 8, 2006
International Uranium Corporation
(Translation of registrant's name into English)
Suite 2101 - 885 West Georgia Street, Vancouver, British Columbia,
Canada V6C 3E8
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
----- -----
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
----- -----
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________________.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
International Uranium Corporation
(Registrant)
Date: December 8, 2006 By: /s/ Ron F. Hochstein
------------------------------------
Ron F. Hochstein, President and CEO
EXHIBIT INDEX
Exhibit Number Description
-------------- -----------
1 Press Release dated December 7, 2006 Denison to Commence
Trading Under Symbol "DML" at Market Opening on December 7,
2006
(DENISONMINES LOGO)
Denison Mines Corp.
Atrium on Bay, 595 Bay Street, Suite 402
Toronto, ON M5G 2C2
Ph. 416-979-1991 - Fx. 416-979-5893 - www.denisonmines.com
PRESS RELEASE
DENISON TO COMMENCE TRADING UNDER SYMBOL "DML" AT
MARKET OPENING ON DECEMBER 7, 2006
TORONTO, ON -- DECEMBER 7, 2006 -- DENISON MINES CORP. ("Denison" or the
"Company") (IUC:TSX, DEN:TSX) is pleased to announce that the Company will
commence trading as Denison Mines Corp. ("New Denison") on the Toronto Stock
Exchange under the symbol "DML" effective today, at the market opening on
December 7, 2006. The new CUSIP number of the common shares will be 248356107
and the ISIN number will be CA 2483561072.
Denison Mines Corp. is the result of a recent merger between International
Uranium Corporation ("IUC") and Denison Mines Inc. ("Old Denison"). Each common
share of Old Denison has now become 2.88 common shares of IUC and IUC has
changed its name to Denison Mines Corp.
Also as a result of the merger, the terms of the two series of Old Denison
common share purchase warrants have been amended, effective December 1, 2006, as
follows: (1) each New Denison common share purchase warrant that will trade
under the symbol DML.WT will entitle the holder to acquire 2.88 common shares of
New Denison at $15.00 per warrant until November 24, 2009 (CUSIP 248356115, ISIN
CA 2483561155); and (2) each New Denison common share purchase warrant that will
trade under the symbol: DML.WT.A will entitle the holder to acquire 2.88 common
shares of New Denison at $30.00 per warrant until March 1, 2011 (CUSIP
248356123, ISIN CA 2483561239). Fractional common shares of New Denison will not
be issued upon exercise of either series of warrants. In lieu thereof, a cash
payment will be made equal to the value of the right to acquire such fractional
interest.
Registered shareholders of the Old Denison are requested to submit a Letter of
Transmittal to facilitate conversion of their shares to New Denison. A Letter of
Transmittal has been mailed to all registered shareholders with instructions on
how to complete and submit the form. Shareholders whose Old Denison shares are
registered in the name of a broker, investment dealer, bank, trust company or
other nominee should contact that nominee for assistance in exchanging their Old
Denison shares for the New Denison shares.
The merger has created a growth oriented and diversified uranium producer with
currently estimated annual production of approximately 5 million pounds U(3)O(8)
by 2010 with a strong financial position of approximately Cdn$118 million
(September 30, 2006) in working capital and no debt.
Denison Mines Corp. is considered the premier intermediate uranium producer in
North America, with mining assets in the Athabasca Basin Region of Saskatchewan,
Canada and the southwest United States including Colorado, Utah, and Arizona.
Further, the Company has ownership interests in two of the four uranium mills
operating in North America today. The combination of a diversified mining asset
base with parallel ownership of milling infrastructure in highly politically
stable jurisdictions has uniquely positioned the Company for growth and
development into the future.
The Company also has a strong exploration portfolio with large land positions in
the United States, Canada and Mongolia. Correspondingly, the Company has one of
the largest uranium exploration teams among intermediate uranium companies.
CAUTIONARY STATEMENTS
This news release contains "forward-looking statements", within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and similar
Canadian legislation, concerning the business, operations and financial
performance and condition of Denison Mines Corp. ("Denison").
Forward looking statements include, but are not limited to, statements with
respect to estimated production, synergies and financial impact of the proposed
transaction; the benefits of the proposed transaction and the development
potential of Denison's properties; the future price of uranium; the estimation
of mineral reserves and resources; the realization of mineral reserve estimates;
the timing and amount of estimated future production; costs of production;
capital expenditures; success of exploration activities; permitting time lines
and permitting, mining or processing issues; currency exchange rate
fluctuations; government regulation of mining operations; environmental risks;
unanticipated reclamation expenses; title disputes or claims; and limitations on
insurance coverage. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved".
Forward looking statements are based on the opinions and estimates of management
as of the date such statements are made, and they are subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Denison to be
materially different from those expressed or implied by such forward-looking
statements, including but not limited to risks related to: unexpected events
during construction, expansion and start-up; variations in ore grade, tonnes
mined, crushed or milled; delay or failure to receive board or government
approvals; timing and availability of external financing on acceptable terms;
risks related to international operations; actual results of current exploration
activities; actual results of current reclamation activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; future prices of uranium and vanadium; possible variations in ore
reserves, grade or recovery rates; failure of plant, equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of the mining
industry; delays in the completion of development or construction activities, as
well as those factors discussed in or referred to in the current annual
Management's Discussion and Analysis of each of Denison Mines Inc. ("DMI") and
International Uranium Corporation ("IUC"), the current Annual Information Form
of DMI filed with the securities regulatory authorities in Canada and available
at www.sedar.com and IUC's Annual Report on Form 20-F filed with the securities
regulatory authorities in Canada and available at www.sedar.com. Although
management of Denison has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Denison does not undertake to update any
forward-looking statements that are incorporated by reference herein, except in
accordance with applicable securities laws. Mineral resources, which are not
mineral reserves, do not have demonstrated economic viability. Readers should
refer to the respective Annual Information Forms of DMI and, IUC, each for the
year ended December 31, 2005, and other continuous disclosure documents filed by
each of them since January 1, 2006 available at www.sedar.com, for further
information relating to their mineral resources and mineral reserves.
CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF MEASURED,
INDICATED AND INFERRED RESOURCES: This news release uses the terms "Measured",
"Indicated" and "Inferred" Resources. United States investors are advised that
while such terms are recognized and required by Canadian regulations, the United
States Securities and Exchange Commission does not recognize them. "Inferred
Mineral Resources" have a great amount of uncertainty as to their existence, and
as to their economic and legal feasibility. It cannot be assumed that all or any
part of an Inferred Mineral Resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of Inferred Mineral Resources may not form the
basis of feasibility or other economic studies. UNITED STATES INVESTORS ARE
CAUTIONED NOT TO ASSUME THAT ALL OR ANY PART OF MEASURED OR INDICATED MINERAL
RESOURCES WILL EVER BE CONVERTED INTO MINERAL RESERVES. UNITED STATES INVESTORS
ARE ALSO CAUTIONED NOT TO ASSUME THAT ALL OR ANY PART OF AN INFERRED MINERAL
RESOURCE EXISTS, OR IS ECONOMICALLY OR LEGALLY MINEABLE.
For further information, please contact:
E. Peter Farmer (416) 979-1991 ext. 231
Ron Hochstein (604) 689-7842
James Anderson (416) 979-1991 ext. 372
2