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BRIEF-Paulson & Co. Says Will Move Forward With Efforts To Replace Majority Of Detour Gold Board

Published 2018-07-18, 02:17 p/m
© Reuters.  BRIEF-Paulson & Co. Says Will Move Forward With Efforts To Replace Majority Of Detour Gold Board

July 18 (Reuters) - Paulson & Co.:

* PAULSON & CO. PROVIDES UPDATE ON DETOUR GOLD CORPORATION

* PAULSON & CO SAYS WILL MOVE FORWARD WITH ITS EFFORTS TO REPLACE A MAJORITY OF DETOUR GOLD BOARD OF DIRECTORS WITH NEW INDEPENDENT NOMINEES

* PAULSON & CO - ASKED DETOUR GOLD'S INDEPENDENT DIRECTORS TO RECONSTITUTE BOARD, ANNOUNCE SEARCH PROCESS FOR NEW CEO, REVIEW STRATEGIC ALTERNATIVES

* PAULSON & CO - TO NOMINATE CANDIDATES TO DETOUR GOLD BOARD WHO ARE COMMITTED TO EXPLORING ALL STRATEGIC ALTERNATIVES, INCLUDING POTENTIAL SALE

* PAULSON & CO - LAST FRIDAY DETOUR GOLD INTERIM CEO DISCLOSED TO PAULSON CO BEEN APPROACHED BY A GOLD MINING CO INTERESTED IN POTENTIALLY ACQUIRING DETOUR

* PAULSON - ON JULY 13, DETOUR GOLD STATED IT WOULD ONLY SIGN CONFIDENTIALITY AGREEMENT WITH INTERESTED PARTY IF PARTY & PAULSON AGREED TO STAND-STILL

* PAULSON & CO - HAS NO AFFILIATION WITH MINING COMPANY THAT DETOUR GOLD INTERIM CEO STATED HAD APPROACHED DETOUR GOLD IN POTENTIALLY ACQUIRING IT

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