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BRIEF-Detour Gold Releases Reasonable Settlement Offer To Paulson & Co

Published 2018-10-12, 12:49 p/m
© Reuters. BRIEF-Detour Gold Releases Reasonable Settlement Offer To Paulson & Co
DGC
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Oct 12 (Reuters) - Detour Gold Corp DGC.TO :

* DETOUR GOLD RELEASES REASONABLE SETTLEMENT OFFER TO PAULSON & CO.

* DETOUR GOLD CORP - SETTLEMENT OFFER WOULD RESULT IN ALMOST HALF OF BOARD BEING REFRESHED IN SIX WEEKS

* DETOUR GOLD CORP SAYS WOULD DROP ITS CIVIL CLAIM AGAINST PAULSON

* DETOUR GOLD CORP - PAULSON AND DETOUR GOLD WOULD ENTER INTO AN 18 MONTH STANDSTILL AND MUTUAL NON DISPARAGEMENT

* DETOUR GOLD CORP - NOTWITHSTANDING MARCELO KIM'S INITIAL REJECTION OF OFFER, BOARD "WILL CONTINUE TO BE OPEN TO DIALOGUE AND WILL LEAVE OFFER OPEN"

* DETOUR GOLD CORP - MICHAEL KENYON WILL STEP DOWN AS INTERIM CEO BY NO LATER THAN UPCOMING ANNUAL GENERAL MEETING

* DETOUR GOLD CORP - "WITHOUT WHOLESALE BOARD CHANGE, MARCELO KIM CONTINUES TO DEMAND HIS PRESENCE ON BOARD"

* DETOUR GOLD CORP - ONE ADDITIONAL NOMINEE OF PAULSON APPOINTED IMMEDIATELY TO BOARD

* DETOUR GOLD - CO'S LATEST OFFER OF SETTLEMENT OF OCT 9 WAS REJECTED BY MARCELO KIM OF PAULSON ON FRIDAY

* DETOUR GOLD CORP - PRINCIPAL TERMS OF SETTLEMENT OFFER INCLUDES REMOVAL OF LEGACY DIRECTORS

* DETOUR GOLD CORP - ONE ADDITIONAL LEGACY DIRECTOR TO LEAVE BOARD UNDER THE CO'S SETTLEMENT OFFER

* DETOUR GOLD - PLACEMENT OF ADDITIONAL PAULSON NOMINEE ON CORPORATE GOVERNANCE & NOMINATING COMMITTEE AND SPECIAL COMMITTEE

* DETOUR GOLD CORP - PAULSON NOMINEE WOULD IMMEDIATELY WORK WITH DETOUR GOLD'S ADVISORS AND SPECIAL COMMITTEE

* DETOUR GOLD - SETTLEMENT INCLUDES PAULSON NOMINEE TO WORK WITH ADVISORS, SPECIAL COMMITTEE TO UNDERSTAND WORK DONE IN RELATION TO PAULSON'S THESIS OF SALE OF CO

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