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