Issuer Free Writing Prospectus
Filed pursuant to Rule 433
Registration Statement No.: 333-267625
Relating To Preliminary Prospectus Supplement dated October 11, 2022
to Prospectus dated September 26, 2022
October 11, 2022
CAMECO CORPORATION
BOUGHT TREASURY OFFERINGOF COMMON SHARES
TERM SHEET
AREGISTRATIONSTATEMENTON FORM F-10 (FILE NO. 333-267625)CONTAININGIMPORTANTINFORMATIONRELATINGTOTHE COMMON SHARES (ASDEFINEDBELOW)DESCRIBEDINTHISDOCUMENTHASBEENFILEDWITHTHE SECURITIESAND EXCHANGE COMMISSION (THE “SEC”). AFINALBASESHELFPROSPECTUSDATED SEPTEMBER 26, 2022CONTAININGIMPORTANTINFORMATIONRELATINGTOTHE COMMON SHARESHASBEENFILEDWITHTHESECURITIESREGULATORYAUTHORITIESINEACHOFTHEPROVINCESANDTERRITORIESOF CANADA. APRELIMINARYPROSPECTUSSUPPLEMENTWILLBEFILEDWITHTHESECURITIESREGULATORYAUTHORITIESINEACHOFTHEPROVINCESANDTERRITORIESOF CANADAANDTHE SEC. ACOPYOFTHEFINALSHORTFORMBASESHELFPROSPECTUS,ANYAMENDMENTTOTHESHORTFORMBASESHELFPROSPECTUSANDANYAPPLICABLESHELFPROSPECTUSSUPPLEMENTTHATHASBEENFILED,ISREQUIREDTOBEDELIVEREDWITHTHISDOCUMENT. YOUMAYGETTHESEDOCUMENTSFORFREEBYVISITING SEDARATWWW.SEDAR.COM. YOUMAYOBTAINCOPIESOFTHE REGISTRATION STATEMENTON FORM F-10,ANYAMENDMENTTOSUCHREGISTRATIONSTATEMENTANDANYAPPLICABLEPROSPECTUSSUPPLEMENTON EDGARAT www.sec.gov.
YOUMAYALSOOBTAINCOPIESOFTHEFINALBASESHELFPROSPECTUSANDTHEPROSPECTUSSUPPLEMENTIN CANADAFROM: CIBC CAPITAL MARKETS, 161 BAY STREET, 5TH FLOOR, TORONTO, ON M5J 2S8ORBYTELEPHONEAT 1-416-956-6378ORBYEMAILAT mailbox.canadianprospectus@cibc.comORFROM GOLDMAN SACHS CANADA INC., TD NORTH TOWER, 77 KING STREET WEST, SUITE 3400, P.O. BOX 38, TORONTO, ON M5K 1B7ORBYTELEPHONEAT 1-416-343-8900ORBYEMAILAT Prospectus-ny@ny.email.gs.comORINTHE UNITED STATESFROM: CIBC CAPITAL MARKETS, 161 BAY STREET, 5TH FLOOR, TORONTO, ON M5J 2S8BYTELEPHONEAT 1-416-956-6378ORBYEMAILAT Mailbox.USProspectus@cibc.comORFROM GOLDMAN SACHS & CO. LLC, PROSPECTUS DEPARTMENT, 200 WEST STREET, NEW YORK, NY 10282,ORBYTELEPHONEAT 1-866-471-2526ORBYEMAILAT Prospectus-ny@ny.email.gs.com. THISDOCUMENTDOESNOTPROVIDEFULLDISCLOSUREOFALLMATERIALFACTSRELATINGTOTHESECURITIESOFFERED. INVESTORSSHOULDREADTHEFINALBASESHELFPROSPECTUS,ANYAMENDMENTANDANYAPPLICABLESHELFPROSPECTUSSUPPLEMENTTHE COMPANYHASFILEDWITHTHESECURITIESREGULATORYAUTHORITIESINEACHOFTHEPROVINCESANDTERRITORIESOF CANADAANDTHE SECFORDISCLOSUREOFTHOSEFACTS,ESPECIALLYRISKFACTORSRELATINGTOTHESECURITIESOFFERED,BEFOREMAKINGANINVESTMENTDECISION.
THEINFORMATIONINTHISCOMMUNICATIONSUPERSEDESTHEINFORMATIONINTHEPRELIMINARYPROSPECTUSSUPPLEMENTTOTHEEXTENTITUPDATESSUCHINFORMATION.
Issuer: | Cameco Corporation (the “Company”). | |
The Offering: | Treasury offering of 29,615,000 common shares of the Company (“Common Shares”), prior to any exercise of the Over-Allotment Option (as defined below). | |
Issue Price: | US$21.95 per Common Share. | |
Amount: | US$650,049,250 (US$747,556,638 if the Over-Allotment Option is exercised in full). | |
Over-Allotment Option: | The Company has granted the Underwriters an option (the “Over-Allotment Option”), exercisable at any time, in whole or in part, at the Issue Price for a period of 30 days following the closing of the Offering, to purchase up to an additional 4,442,250 Common Shares of the Offering. | |
Use of Proceeds: | The net proceeds of the Offering are intended to be used by the Company to finance the Company’s 49% interest in the acquisition of Westinghouse Electric Company corporate group by an acquisition entity jointly owned by the Company and Brookfield Renewable Partners Inc. and the expenses related to such acquisition. | |
Dividends: | On February 9, 2022, the board of directors of the Company declared an annual dividend of C$0.12 per Common Share, which will be paid on December 15, 2022 to holders of record on November 30, 2022. | |
Listing: | Application is being made to list the Common Shares on the Toronto Stock Exchange (the “TSX”) and on the New York Stock Exchange (the “NYSE”). The issued and outstanding Common Shares are listed on the TSX and the NYSE under the symbols “CCO” and “CCJ”, respectively. |
Offering Basis: | Public offering by way of a prospectus supplement to the Company’s short form base shelf prospectus dated September 26, 2022, to be filed in each of the provinces and territories of Canada, in the United States under the Company’s registration statement on Form F-10 (File No. 333-267625) pursuant to the Multi-Jurisdictional Disclosure System, and internationally in certain jurisdictions by way of private placement, as permitted. | |
Underwriting Basis: | “Bought deal” basis, subject to a mutually acceptable underwriting agreement containing standard “litigation out”, “disaster out”, “regulatory out” and “material adverse change out” rights of termination, running to closing of the Offering. | |
Eligibility: | Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs. | |
Joint Bookrunners: | CIBC Capital Markets and Goldman Sachs & Co. LLC. | |
Underwriters’ Fee: | 4.00% of the gross proceeds of the Offering. | |
Closing Date: | On or about October 17, 2022. |