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Message: Detour Gold Says "Reasonable" Settlement Offer to Paulson & Co Rejected; But DGC Adds Will Continue To Talk
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Detour Gold Says "Reasonable" Settlement Offer to Paulson & Co Rejected; But DGC Adds Will Continue To Talk

posted on Oct 12, 2018 12:18PM
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2018-10-12 12:15:32 PM ET (MT Newswires)
   
   

12:15 PM EDT, 10/12/2018 (MT Newswires) -- Detour Gold Corporation (DGC.TO) said Friday it had responded to numerous shareholders who had encouraged a "constructive dialogue and negotiated settlement" with Paulson & Co. DGC Chairman Alex Morrison has released the details of the company's latest offer of settlement of October 9th, that was rejected this morning by Marcelo Kim of Paulson.

In summary, DGC said the "reasonable" offer reflects feedback from shareholders. It said the offer would result in almost half of the Board being refreshed in six weeks. It added, notwithstanding Kim's initial rejection of the offer, the Board "will continue to be open to dialogue and will leave the offer open."

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