AZINCOURT TO BUY CAMECO URANIUM UNIT

Cameco Corp. and Vena Resources are selling their 50-50 partnership in a Peruvian uranium company to Canadian venture company Azincourt Uranium Inc. Minergia’s mineral resources are estimated at 18 million pounds of U3O8 — a uranium oxide sometimes called yellowcake. To acquire Minergia SAC, Azincourt will issue a total of $2 million in cash and stock to Cameco and Vena.