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Saskatoon, Saskatchewan, Canada, September 4, 1997
Cameco Corporation announced today that it has completed its previously announced sale of 4 million common shares to an underwriting group led by RBC Dominion Securities Inc., and including CIBC Wood Gundy Securities Inc., Nesbitt Burns Inc., ScotiaMcLeod Inc., Bunting Warburg Inc., First Marathon Securities Limited, Goldman Sachs Canada, Lévesque Beaubien Geoffrion Inc., Midland Walwyn Capital Inc. and TD Securities Inc.
The common shares were sold for $51.00 per share and the proceeds received, before commissions and expenses, were $204 million.
Cameco expects to use the proceeds from the sale of these shares for expenditures related to the company's uranium business which may include development and exploration activities, product purchases or the acquisition of further property interests.
Cameco, with its head office in Saskatoon, Saskatchewan, is the world's largest publicly traded uranium company and a growing gold producer. Its uranium products are used to generate electricity in nuclear power plants around the world, providing one of the cleanest sources of energy available today.
For further information, please contact:
| Alice Wong Director, Investor & Corporate Relations Cameco Corporation Phone: (306) 956-6337 Fax: (306) 956-6318 | Elaine Kergoat Manager, Media & Public Relations Cameco Corporation Phone: (306) 956-6315 Fax: (306) 956-6318 |