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Detour Gold Addresses Further Misleading Statements by Activist Paulson & Co.
Detour Gold Addresses Further Misleading Statements by Activist Paulson & Co. ...
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[{"type":"text","content":"\n\n\n\nDetour Gold Addresses Further Misleading Statements by Activist Paulson & Co.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDetour Gold Addresses Further Misleading Statements by Activist Paulson & Co.\nCanada NewsWire\nTORONTO, July 19, 2018\n\n\n\nTORONTO, July 19, 2018 /CNW/ - Detour Gold Corporation (TSX: DGC) (\"Detour Gold\" or the \"Company\") addresses further misleading statements by activist Paulson & Co. (\"Paulson\"). \n\n\n \n \n\n \nPaulson is at it again, compounding its false and misleading statements to the market.\n\nThe Company did not disclose material information to Paulson because the Company already had written evidence that Paulson was in possession of that precise information from a third party - it's really that simple. Detour Gold's effort in approaching Paulson to enter into a simple confidentiality agreement, which Paulson refused to do, was to contain the fallout from Paulson's inappropriate activities. It is clearly wrong to file bits and pieces of a record to manipulate the market. \n\nThe Company has also sent a litigation hold letter to Paulson and its senior officers in order to ensure that Paulson maintains the full written, electronic and telephonic record of its activities with other market participants. \n\nAs for Paulson's threat of running a proxy battle, we have heard this for many months now. If they choose to proceed, shareholders will have a stark choice -- a fire sale by a US hedge fund versus an experienced team executing the 2018 life of mine plan while remaining open, as it has historically been, to value accelerating opportunities.\n\nThe unprecedented market interference by Paulson will not deter Detour Gold from remaining focused. We will continue to positively engage with shareholders.\n\nAdvisors\n\nThe Company has retained Kingsdale Advisors as its strategic shareholder and communications advisor, BMO Capital Markets as its financial advisor, and McCarthy Tétrault LLP and Norton Rose Fulbright LLP as its legal advisors.\n\nAbout Detour Gold\n\nDetour Gold is an intermediate gold p...