UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
the Securities Exchange Act of 1934
For the month of September, 2007
Cameco Corporation
(Commission file No. 1-14228)
2121 – 11th Street West
Saskatoon, Saskatchewan, Canada S7M 1J3
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b):
Page 3
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 — Name and Address of Company
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Cameco Corporation (“Cameco”)
2121 – 11th Street West, Saskatoon, Saskatchewan S7M 1J3 |
Item 2 — Date of Material Change
Item 3 — News Release
The English version and the French translation version of the news release relating to this
material change were distributed and filed by CCN Mathews through their Canadian Timely Disclosure
Pack and U.S. Timely Disclosure Pack on September 6, 2007.
Item 4 — Summary of Material Change
On September 6, 2007, Cameco filed a notice of intention to make a normal course issuer bid with
the Toronto Stock Exchange (TSX) to repurchase, over a one year period, for cancellation up to 5%
of the company’s common shares, representing an investment of about $750 million (Canadian) at
Cameco’s share price on September 6, 2007. The TSX accepted the company’s notice on September 7,
2007.
Item 5 — Full Description of Material Change
On September 6, 2007, Cameco announced its intension to proceed with a significant program to
repurchase up to 5% of the company’s common shares, representing an investment of about $750
million (Canadian) at Cameco’s share price on September 6, 2007. The company has concluded that,
in the near term, as attractive assets have not been available at reasonable valuations, the best
investment is repurchasing the company’s shares.
On September 6, 2007, Cameco filed a notice of intention to make a normal course issuer bid with
the TSX. Under the bid, which was accepted by the TSX on September 7, 2007, Cameco will have the
ability, and has indicated its intention, to purchase for cancellation up to approximately 17.7
million of its common shares, representing 5% of the approximately 353.9 million issued and
outstanding common shares as of September 5, 2007.
Under the bid, Cameco may commence purchasing shares on September 11, 2007 and may continue to do
so until September 10, 2008, unless the company purchases the maximum allowable number of common
shares sooner or terminates the program. Cameco will make only market purchases of its common
shares and will pay the market price of the shares at the time of purchase.
Cameco expects to use predominately cash on hand and cash from operations to fund the share
repurchase program.
Item 6 — Reliance on subsection 7.1(2) or (3) of National Instrument 51-102.