Paulson Provides Investor Presentation Highlighting A Better Way Forward For Detour Gold
NEW YORK, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Paulson & Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (TSX: DGC) (“Detour Gold” or the “Company”), today published an investor presentation for fellow shareholders. The presentation can be viewed at www.shareholdersfordetour.com, where investors can also find other important information. In contrast to the poor performance of Detour Gold under the long-standing incumbent directors, highlights of Paulson’s investor presentation include:
-- actions the new independent and qualified Concerned Shareholder Director Nominees intend to take to improve the Company’s operations and corporate structure, while rebuilding credibility with key stakeholders; and -- a commitment by the Concerned Shareholder Director Nominees to modify and enhance Detour Gold’s director compensation structure in a manner that will fully align director interests with those of all Detour Gold shareholders.
Following a number of public expressions of support, Paulson is currently meeting with shareholders and appreciates the strong backing it continues to receive in these meetings.
Paulson will continue to provide updates to shareholders leading up to the scheduled special meeting of shareholders on December 11, 2018.
About Paulson & Co. Inc.
Paulson is one of Detour Gold’s most important investors, exercising control or direction over approximately 5.4% of Detour Gold’s shares. Having first invested in the Company nine years ago, Paulson previously provided C$280 million in direct equity and US$250 million in convertible notes to finance its mine completion. Paulson, along with several other major shareholders in the Company, has grown increasingly frustrated by the Company’s inability to appropriately manage shareholders’ assets, having destroyed billions of dollars of value in the process.
Paulson, founded in 1994, is an investment management firm with offices located in New York, London and Dublin.
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