Cameco files secondary issue

Saskatoon, Sask., based uranium producer Cameco (TSE) has filed a final prospectus for a secondary issue of 5.99 million common shares.

The shares will be delivered by Canada Eldor (CEI), a Crown corporation, when warrants issued on Feb. 18 are exercised. Each special warrant, purchased for $14.60, entitles the holder to receive one common share of Cameco.

When the transaction is complete, 41.8% of Cameco’s 52 million common shares will be held by public shareholders, 38.9% by the Saskatchewan government and 19.3% by the federal government.