NEW YORK, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Paulson Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (TSX: DGC) (“Detour Gold” or the “Company”), today published an investor presentation for fellow shareholders. The presentation can be viewed at www.shareholdersfordetour.com, where investors can also find other important information. In contrast to the poor performance of Detour Gold under the long-standing incumbent directors, highlights of Paulson’s investor presentation include:
Following a number of public expressions of support, Paulson is currently meeting with shareholders and appreciates the strong backing it continues to receive in these meetings.
Paulson will continue to provide updates to shareholders leading up to the scheduled special meeting of shareholders on December 11, 2018.
About Paulson Co. Inc.
Paulson is one of Detour Gold’s most important investors, exercising control or direction over approximately 5.4% of Detour Gold’s shares. Having first invested in the Company nine years ago, Paulson previously provided C$280 million in direct equity and US$250 million in convertible notes to finance its mine completion. Paulson, along with several other major shareholders in the Company, has grown increasingly frustrated by the Company’s inability to appropriately manage shareholders’ assets, having destroyed billions of dollars of value in the process.
Paulson, founded in 1994, is an investment management firm with offices located in New York, London and Dublin.
Contact Details
Investors:
MacKenzie Partners, Inc.
Dan Burch Jeanne Carr
800-322-2885
212-929-5500
Email: [email protected]
Media:
Longview Communications Public Affairs
Peter Block Joel Shaffer
416-649-8008 416-649-8006