US-listed shares of Denison slide after upsized convertible bonds offering

U.S.-listed shares of uranium miner Denison Mines DDN.A slide 9.3% to $1.96 premarket

DNN announces pricing of upsized offering of $300 million convertible bonds due 2031

Offering boosted from initial size of $250 million

Initial conversion price of $2.92 represents roughly 35% premium to the closing sale price

Proceeds will be used to support the evaluation and development of uranium development projects and other purposes

All four brokerages covering the stock rate it "buy"; median PT $4 - data compiled by LSEG

As of last close, DNN stock was up 20%