Cameco Sale of Selected Assets to Cogema Closes.SASKATOON, Saskatchewan--(BUSINESS WIRE)--July 8, 1999-- Cameco Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CCO (Chief or Corporate Compliance Officer) The executive person in charge of compliance issues, regulatory requirements, internal controls and managing audits within an enterprise or organization. .)(ME:CCO.)(NYSE NYSE See: New York Stock Exchange :CCJ) today announced the closing of the transaction (announced May 5, 1999) in which Cogema Resources Inc. acquires an interest in selected uranium assets. Net proceeds of approximately $250 million (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) will result in an after-tax gain of about $65 million (CDN). Today's closing follows receipt of necessary regulatory approvals. Cameco, with its head office in Saskatoon, Saskatchewan, is the world's largest publicly traded uranium producer. Its products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. |
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