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Msg  17985 of 19709  at  5/15/2012 8:04:24 PM  by

smallblock

The following message was updated on 5/15/2012 8:05:44 PM.

 In response to msg 17984 by  Radioguy
ignore topicview thread,  thread start

Re: Cameco


 

Hey RDG, I don't think Cameco holds any voting power? See the following:

 

October 31, 2005

SHORE GOLD ENTERS INTO VOTING ARRANGEMENT
ON THE FORT A LA CORNE JOINT VENTURE


Kenneth E. MacNeill, President and CEO is pleased to announce that Shore Gold Inc. (“Shore”) has entered into a voting arrangement with Cameco Corporation (“Cameco”) and UEM Inc. (“UEM”) relating to the Fort a la Corne Joint Venture (“FALC JV”). Pursuant to this arrangement, Cameco and UEM have agreed to vote with Shore on all operating decisions over a term up to seven years in duration to be made by the participants in the FALC JV in exchange for a cash payment of $10 million from Shore.

Shore’s wholly-owned subsidiary, Kensington Resources Ltd., holds a 42.245% interest in the FALC JV, with remaining interests held by De Beers Canada Exploration Inc. (42.245%), Cameco (5.51%) and UEM (10%, carried).

The FALC JV project consists of 63 drill-confirmed kimberlite bodies within the largest diamondiferous kimberlite cluster in the world and is located adjacent to Shore’s Star Diamond Project in Saskatchewan.

Then:

September 25, 2006

Saskatoon, Saskatchewan

SHORE ACQUIRING CAMECO'S AND UEM'S INTERESTS

IN THE FALC JV AND SELLING A 40% INTEREST TO NEWMONT

Kenneth E. MacNeill, President and CEO of Shore Gold Inc. ("Shore") is pleased to announce

that Shore has entered into agreements with Cameco Corporation ("Cameco") and UEM Inc.

("UEM") whereby Kensington Resources Ltd. ("Kensington"), a wholly-owned subsidiary of

Shore, will acquire Cameco's 5.51% participating interest and UEM's 10% participating interest

in the Fort á la Corne Joint Venture ("FALC JV") for a cash price of $23.5 million to Cameco

and $42.6 million to UEM, for a total of $66.1 million.



 
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Replies
Msg # Subject Author Recs Date Posted
17986 Re: Cameco Radioguy 5/15/2012 9:58:59 PM


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