Cameco Announces Intention to Acquire Hathor Exploration Limited for $520M

Cameco (NYSE: CCJ) announced that it intends to make an offer to acquire all of the outstanding shares of Hathor Exploration Ltd. for cash consideration of $3.75 per share in a transaction which values the fully diluted share capital of Hathor at approximately $520 million.

Cameco delivered a written proposal to Hathor following the close of market on Friday, August 19, 2011 outlining its interest in acquiring the company for cash in a transaction valued at $3.75 per share. Cameco made today's announcement after discussions with Hathor regarding a potential board-supported transaction failed to result in an agreement.