Cameco announces us$650 million bought deal offering of common shares

Saskatoon, saskatchewan, oct. 11, 2022 (globe newswire) -- cameco (tsx: cco; nyse: ccj) today announced that it has entered into an agreement with a syndicate of underwriters led by cibc capital markets and goldman sachs & co. llc, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 29,615,000 common shares of cameco at a price of $21.95 per share (the “offering price”), for gross proceeds to us of approximately $650 million (the “offering”). the common shares will be offered to the public in canada and the united states. the offering is expected to close on or about october 17, 2022, subject to customary closing conditions, including receipt of all necessary approvals of the toronto stock exchange and the new york stock exchange. additionally, we have granted the underwriters an option to purchase up to an additional 4,442,250 common shares at the offering price, exercisable in whole or in part at any time up to 30 days following the closing of the offering, for potential additional gross proceeds to cameco of approximately $97.5 million.
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