Cameco completes $300 million offering

Date Closed: 9/16/2005

Value: $300 million

On September 16, 2005, Cameco Corp., the world’s largest uranium producer, completed a public offering of $300 million aggregate principal amount of 4.70 per cent senior unsecured debentures maturing on September 16, 2015. The offering was underwritten by RBC Dominion Securities Inc. and Scotia Capital Inc. Cameco plans to use the net proceeds of approximately $297 million principally for retiring outstanding commercial paper, planned capital expenditures and general corporate purposes. Cameco’s planned capital expenditures include development and sustaining capital at its uranium and conversion facilities.

The underwriters were represented by BLG with a team in Toronto that included Paul Mingay, Paul Findlay, Andrew Peel and David Pletsch (securities/corporate) and Rick Coburn (environmental).