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Detour Gold Releases Reasonable Settlement Offer to Paulson & Co.
Detour Gold Releases Reasonable Settlement Offer to Paulson & Co. Detour Gold ...
About this update from Daura Gold Corp.
[{"type":"text","content":"\n\n\n\nDetour Gold Releases Reasonable Settlement Offer to 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.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\nDetour Gold Releases Reasonable Settlement Offer to Paulson & Co.\nCanada NewsWire\nTORONTO, Oct. 12, 2018\n\n\n\nReasonable offer reflects feedback from shareholders Offer would result in almost half of the Board being refreshed in six weeks Notwithstanding Marcelo Kim's initial rejection of the offer, the Board will continue to be open to dialogue and will leave the offer open TORONTO, Oct. 12, 2018 /CNW/ - Detour Gold Corporation (TSX: DGC) (\"Detour Gold\" or the \"Company\") responds to numerous shareholders who have encouraged a constructive dialogue and negotiated settlement with Paulson & Co. (\"Paulson\"), Chairman Alex Morrison has released the details of Detour Gold's latest offer of settlement of October 9th, that was rejected this morning by Marcelo Kim of Paulson. \n\n \n \n\n\n\n\n\n\n\n \nThis settlement offer reflects the Board of Director's (the \"Board's\") ongoing openness to change and willingness to reach a reasonable compromise that reflects the desires and interests of our shareholders. Detour Gold reminds shareholders that it has already made significant changes to its Board with the addition of three new nominees and the resignation of two long-serving directors.  Detour Gold understands from its significant shareholders that while some further change may be welcomed it is not nearly to the extent pursued by Marcelo Kim.  \nWithout wholesale Board change, Marcelo Kim continues to demand his presence on the Board. These demands are completely out of line with the feedback received from shareholders. As fiduciaries of the Company and representatives of both shareholders and corporate interests the Board cannot possibly accept such a p...