TORONTO, Feb. 11, 2019 /CNW/ - Detour Gold Corporation
(TSX: DGC) ("Detour Gold" or the "Company") and Paulson &
Co. Inc. ("Paulson") announce that both parties have agreed to a
dismissal of the Court Action that Detour Gold issued on
July 24, 2018. As part of the
agreement, both parties have agreed to provide releases of certain
claims in respect of the proxy contest, complaints made by the
Company to Staff of the Ontario Securities Commission, the Court
Action and Paulson's claim for reimbursement of costs.
"We are happy to settle the last remaining item from the proxy
contest, which allows Detour Gold's Board to focus on creating
value for shareholders," said John
Paulson.
"With this settlement, the Board has put the proxy fight behind
us and is laser focused on improving the performance and value of
this long-life, valuable asset", said James
Gowans, Chairman of Detour Gold.
Contact Details
For further information, please contact:
Bill Williams,
Interim CEO
|
Laurie Gaborit, VP
Investor
Relations
|
Detour Gold
Corporation
|
Detour Gold
Corporation
|
Tel:
416-304-0800
|
Tel: 416-304-0581
|
|
|
Marcelo Kim,
Partner
|
|
Paulson & Co.
Inc.
|
|
Tel:
212-956-2221
|
|
SOURCE Detour Gold