Detour Gold Shareholder Paulson Urges Other Holders to Give Nod to Board Shakeup

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Detour Gold Shareholder Paulson Urges Other Holders to Give Nod to Board Shakeup

posted on Nov 23, 2018 10:11AM

2018-11-23 08:50:59 AM ET (MT Newswires)

08:50 AM EST, 11/23/2018 (MT Newswires) -- Detour Gold (DGC.TO) shareholder Paulson & Co. is urging other shareholders to vote in favor of a "real and substantive" change in the board of directors at the special meeting on Dec. 11.

Paulson, in its investor presentation, claims that the incumbent board approved over $15 million in compensation for themselves "with no regard for shareholder return," which allegedly resulted in more than $4 billion losses in shareholder value.

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