Detour Gold to release Q1 results April 30

2014-04-10 16:13 ET - News Release

Mr. Paul Martin reports

DETOUR GOLD PROVIDES NOTICE OF ANNUAL GENERAL MEETING AND RELEASE OF FIRST QUARTER 2014 RESULTS

Detour Gold Corp.'s annual general meeting of shareholders will be held on May 1, 2014.

The company's 2013 audited financial statements and accompanying management's discussion and analysis of financial condition and its management information circular are available on the company's website and under the company's profile on SEDAR. Shareholders may also request mailed copies of these documents free of charge by e-mailing [email protected].

First quarter 2014 results -- webcast and conference call details

The company plans to release its first quarter 2014 operational and financial results after the market closes on April 30, 2014. A conference call and webcast will be held on May 1, 2014, at 9 a.m. ET, to discuss the results.

Webcast: Go to the company's website home page

Toll-free (North America): 1-800-319-4610

Toronto local and international: 416-915-3239

Replay archive available until May 29: Dial toll-free in Canada and the United States 1-800-319-6413 or internationally 604-638-9010, passcode 1532; webcast and presentation slides archived on the company's website

Annual general meeting details

Detour Gold will host its AGM on May 1, 2014, at 2 p.m. ET, in confederation rooms 5 and 6 of the Fairmont Royal York located at 100 Front St. West in Toronto, Ont.

Changes to named executive employment contracts

As was stated in the company's recently mailed management information circular, the company anticipated reviewing the terms of its executive employment agreements during 2014 with a view to replacing their single-trigger change-of-control provisions with double-trigger change-of-control provisions in accordance with the best corporate governance practices. This process was accelerated to permit the company to report on such changes to shareholders in advance of its AGM.

The company is pleased to report that each named executive officer has entered into a new employment agreement with the company, which incorporates double-trigger change-of-control provisions. In particular, the terms of the new employment agreements require, not only that a change of control has occurred, but, in addition, that the executive's employment with the corporation is terminated either without cause by the corporation or by the executive for good reason. The events that constitute good reason are those common to such provisions and include a material adverse change in the executive's duties, responsibilities, authority, compensation, or the terms and conditions of the employment of the executive.