The company intends to buy all of the outstanding shares of Hathor Exploration for cash consideration of $3.75 per share.
According to Cameco, the issuance of the no action letter, which provides that the commissioner of the Competition Bureau does not intend to challenge the proposed acquisition, satisfies one of the conditions of the offer.
Hathor Exploration is a junior uranium company focused on exploration projects in the Athabasca Basin of northern Saskatchewan, Canada.
