Edition:
India

Detour Gold Says Public Auction Of Co At This Time Not In Best Interests


Friday, 20 Jul 2018 

July 20 (Reuters) - Detour Gold Corp ::DETOUR GOLD CORP - ANTICIPATE ANNOUNCING TWO NEW DIRECTORS TO REPLACE EXISTING BOARD MEMBERS IN NEAR TERM.DETOUR GOLD CORP - REMAINS FIRM IN ITS BELIEF THAT A PUBLIC AUCTION OF COMPANY AT THIS TIME IS NOT IN BEST INTERESTS.DETOUR GOLD CORP - "SPECIAL COMMITTEE WILL CONTINUE TO RESPONSIBLY REVIEW AND EVALUATE VARIOUS OTHER STRATEGIC AVENUES ".DETOUR GOLD CORP - BELIEVES COMBINATION OF INTERIM CEO MICHAEL KENYON, FRAZER BOURCHIER AS NEW COO IS "MOST STABLE SOLUTION" IN NEAR TERM.DETOUR GOLD - AS 2018 LOM PLAN ROLLS OUT UNDER LEADERSHIP OF FRAZER BOURCHIER, BOARD WILL CONDUCT A SKILLS AND NEEDS SEARCH FOR CEO.DETOUR GOLD - WHENEVER CO WAS APPROACHED OVER YRS, SPECIAL COMMITTEE APPROVED SIGNING OF CONFIDENTIALITY AGREEMENTS, CONSIDERED STRATEGIC ALTERNATIVES.DETOUR GOLD - DURING PERIODS WHENEVER CO WAS APPROACHED, NO OFFERS TO PURCHASE CO'S SHARES EMERGED. 

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23 Sep 2019