Hey RDG, I don't think Cameco holds any voting power? See the following:
October 31, 2005
SHORE GOLD ENTERS INTO
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
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).
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.
September 25, 2006
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.