Business
Cameco Announces Closing of US$747.6 Million Bought Deal Offering of Common Shares
SASKATOON, Saskatchewan, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today announced the closing of its previously announced bought deal
About this update from Cameco Corporation
[{"type":"text","content":" SASKATOON, Saskatchewan, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today announced the closing of its previously announced bought deal offering of 34,057,250 common shares of Cameco, including the exercise in full of the underwriters’ option to purchase additional common shares, at a price of $21.95 per share, for gross proceeds to us of approximately $747.6 million (the “Offering”). We intend to use the aggregate proceeds from the Offering, after payment of fees and expenses, to partially fund our share of the acquisition of Westinghouse Electric Company, one of the world’s leading nuclear services businesses, through a strategic partnership with Brookfield Renewable Partners (“Brookfield Renewable”), together with Brookfield Renewable’s institutional partners (the “Acquisition”). CIBC Capital Markets and Goldman Sachs & Co. LLC acted as joint bookrunners for the Offering. We offered and sold the common shares in the U.S. pursuant to our effective shelf registration statement on Form F-10 (File No. 333-267625) (the “U.S. Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”), and in Canada pursuant to our short form base shelf prospectus (the “Base Shelf Prospectus”), in each case, filed on September 26, 2022. A prospectus supplement relating to and describing the terms of the Offering was filed with the SEC and with the securities regulatory authorities in each of the provinces and territories of Canada as part of the U.S. Registration Statement and the Base Shelf Prospectus, respectively. The documents filed in connection with the Offering contain important detailed information about the Company and the Offering. Prospective investors should read these filings, and the documents incorporated by reference therein, before making an investment decision. Copies of the Base Shelf Prospectus and the prospectus supplement are available free of charge on SEDAR at www.sedar.com, and copies of the U.S. Registration Statement and the prospectus supplement are available free of charge on EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from: CIBC Capital Markets, 161 Bay Street, 5th Floor, Toronto, ON M5J 2S8 or by telephone at 1-416-956-6378 or by email at [email protected]; or from Goldman Sachs & Co. LLC, Attent...