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Extension of Expiration Date and Amendment to Terms of Consent Solicitation with Respect to 5.5% Senior Unsecured Convertible Notes
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About this update from Daura Gold Corp.
[{"type":"text","content":"\n\n\n\n\n\n/Not for distribution to U.S. newswire services or for dissemination in\n the United States. Any failure to comply with this restriction may constitute a violation\n of U.S. Securities Law./\n\n\nTORONTO, July 10, 2012 /CNW/ - Detour Gold Corporation (TSX: DGC) (\"Detour Gold\" or the \"Company\") announces today that it has extended\n the expiration date of its previously announced solicitation of\n consents (the \"Consent Solicitation\") from holders (\"Holders\") of its\n 5.50% Senior Unsecured Convertible Notes in the principal amount of\n US$250,000,000 due November 30, 2017 (the \"Convertible Notes\") such\n that the Consent Solicitation will now be open until 5:00 p.m. (Eastern\n Time) on July 13, 2012, unless extended or cancelled by Detour Gold.\n\n\nDetour Gold also announces that it has amended the terms of the Consent\n Solicitation to include an additional proposed amendment to the trust\n indenture governing the Convertible Notes (the \"Indenture\") to extend\n the date before which the Convertible Notes may not be redeemed at the\n option of the Company from November 30, 2013 to November 30, 2014,\n subject to the terms and conditions of the Indenture, as amended (the\n \"Redemption Amendment\").\n\n\nThe Consent Solicitation was announced by Detour Gold on May 30, 2012 to\n obtain approval for certain proposed amendments to the Indenture.\n\n\nAll references to the \"Amendments\" in the consent solicitation statement\n dated May 30, 2012 (the \"Consent Solicitation Statement\") delivered to\n Holders are deemed to include the Redemption Amendment described\n herein, and the first supplemental indenture attached to the Consent\n Solicitation Statement is deemed to include conforming changes to the\n Indenture to give effect to the Redemption Amendment. A copy of such\n conforming changes to the Indenture is attached as Schedule A.\n\n\nThe record date for purposes of the Consent Solicitation remains 5:00\n p.m. (Eastern Time) on June 5, 2012.\n\n\nAny Holder who has previously delivered a consent to the Amendments does\n not need to redeliver such consent or take any other action. Any Holder\n who has not yet delivered a consent should follow the instructions set\n forth under \"The Consent Solicitation - Procedures for Consenting\" in\n the Consent Solicitation Statement delivered to it and available ...