September 27, 2018 / 10:35 AM / a year ago

BUZZ-Cameco Corp: Leaps on favorable ruling from Tax Court of Canada

** U.S.-listed shares of uranium miner soar 15.2 pct to $11.32 premarket after Tax Court of Canada rules in favor of company in reassessment issued by Canada Revenue Agency for certain tax years

** Top pct gainer among U.S. stocks before the bell

** Tax court rules Cameco’s marketing and trading structure used for certain intercompany uranium sale and purchase agreements are in full compliance with Canadian laws for tax years 2003, 2005 and 2006, which were in question

** Cameco will be making an application to court to recover substantial costs incurred over course of the case

** Co has conference call scheduled at 8:00 a.m. ET to discuss court’s decision and its implications

** CCJ up 6.5 pct this year; its Canadian shares climbed ~10 pct in the same period (Reporting by Medha Singh in Bengaluru)

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