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Saskatoon, Saskatchewan, Canada, July 6, 2001
Cameco Corporation today announced it has completed the sale of $50 million of 7.0% debentures Series B, due July 6, 2006.
The debentures were sold according to a prospectus supplement dated June 29, 2001, issued under a June 21, 1999 debt shelf prospectus. Cameco entered into a dealer agreement with RBC Dominion Securities Inc. to offer the debentures that received a rating of A (low) by the Dominion Bond Rating Service Limited, A- by Standard & Poor's Rating Service and A3 by Moody's Investors Service, Inc.
Cameco will use the net proceeds of approximately $49.6 million from this offering to repay short-term debt as it matures and therefore, this sale does not represent additional indebtedness.
Cameco, with its head office in Saskatoon, Saskatchewan, is the world's largest uranium supplier. The company's uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.
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Bob Lillie Manager, Investor Relations Cameco Corporation Phone:(306) 956-6639 Fax:(306) 956-6318 |
Lyle Krahn Supervisor, Corporate Communications Cameco Corporation Phone:(306) 956-6316 Fax:(306) 956-6318 |