- To ensure your vote is counted, shareholders are encouraged
to vote their BLUE proxy or Voting Instruction Form in
favour of Detour Gold's recommended Board before the deadline of
December 7, 10:00 a.m. (EST)
- Questions? Need Help? Contact Kingsdale Advisors at
1.877.659.1823 or at contactus@kingsdaleadvisors.com
TORONTO, Dec. 6, 2018 /CNW/ - Detour Gold
Corporation (TSX: DGC) ("Detour Gold" or the "Company") is
reminding shareholders that they only have until 10:00 a.m. (Toronto time) on Friday, December 7, 2018 to vote their BLUE
proxy at the upcoming Special Meeting of Shareholders (the
"Meeting"). Those that haven't voted are encouraged to do so,
today, on their BLUE Proxy or Voting Instruction Form in favour of
the Company's recommended refreshed board of directors (the
"Board").
As the deadline nears, shareholders are urged to consider the
following:
- We are recommending a refreshed Board that has the right
experience and expertise. The composition of our Board
addresses the Company's needs and acknowledges the importance of
continuity and experience. Replacing the entire Board with a new
slate of directors, many without public board experience and none
with an in-depth knowledge of the Detour Lake mining operation, is
a recipe for disaster.
- Leading independent proxy advisors have rejected Paulson's
reckless demand for wholesale change. Institutional
Shareholders Services ("ISS") and Glass Lewis and Co. ("Glass
Lewis") agree with shareholders that Paulson cannot be allowed to
take control of your Company. Both proxy advisors have also
acknowledged the need for continuity at the CEO level with support
for Interim CEO Michael Kenyon.
Change above and beyond what was recommended would be reckless.
- Detour Gold is executing the 2018 Life of Mine Plan, which is the best value-maximizing
strategy. The execution of the 2018 LOM Plan is what will
achieve a higher share price in the medium term. The good news is
that with a new leadership team at the Detour Lake mine our plan is
working.
- Michael Kenyon is critical to
providing the needed stability to management in the short-term.
In the event Michael Kenyon is voted
off the Board, the continued progress on the execution of the 2018
LOM Plan will be undermined with a high risk of key members of
senior management, on whom the Company is depending for such
progress, exiting.
- Paulson does not have a plan. Paulson's lack of a
go-forward plan was highlighted by both ISS and Glass Lewis; they
have not presented shareholders with a plan to create value. The
only changes Paulson suggests are disruptive and jeopardize the
progress we've made.
- Momentum for Detour Gold's recommended refreshed Board is
growing. Detour Gold continues to receive support from
shareholders who support the responsible changes the Board has
made. The Company appreciates feedback from shareholders and thanks
them for their continued support.
VOTE NOW BEFORE IT'S TOO LATE
The Meeting is important and will decide the future of your
company. Every vote counts no matter the amount you hold.
Vote your BLUE proxy ahead of the voting deadline on
Friday, December 7, 2018 at
10:00 a.m. (Toronto time).
Becoming a voter is fast and easy. To support Detour Gold's
recommended refreshed Board, vote only your BLUE proxy or
Voting Instruction Form and follow the instructions below:
FOR The removal of Lisa
Colnett & Jonathan
Rubenstein;
AGAINST The removal of the other six (6) Detour Gold's
incumbent directors;
AGAINST Fixing the number of directors at eight (8);
FOR The election of Steven
Feldman & Christopher
Robison; and
WITHHOLD on the other six (6) Dissident Nominees.
If you have already voted using another proxy, you may vote
again on the BLUE proxy. Only your latest dated proxy
or instruction form will count as long as it's submitted before
December 7, 2018 at 10:00 a.m. (Toronto time).
Learn more about Detour Gold's recommended refreshed
Board: Detour Gold has released a new series of videos,
featuring members of the Company's already refreshed board,
responding to shareholder questions. The 12 videos, available at
DetourGold.vote, give shareholders a chance to hear directly from
the Company's directors in their own words.
For details on how to vote, watch this short
video.
Questions? Need help? Contact Kingsdale Advisors at
1.877.659.1823, by email at contactus@kingsdaleadvisors.com or
visit www.DetourGold.vote.
Advisors
The Company has retained Kingsdale Advisors as its strategic
shareholder and communications advisor, BMO Capital Markets as its
financial advisor, and McCarthy Tétrault LLP and Norton Rose
Fulbright LLP as its legal advisors.
About Detour Gold
Detour Gold is an intermediate gold producer in Canada that holds a 100% interest in the
Detour Lake mine, a long life large-scale open pit operation.
Detour Gold's shares trade on the Toronto Stock Exchange under the
trading symbol DGC.
Media
Contact:
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Shareholder and
Investor Contact:
|
|
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Ian
Robertson
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Laurie Gaborit, VP
Investor Relations
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Executive Vice
President, Communication Strategy
|
Detour Gold
Corporation
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Kingsdale
Advisors
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Tel:
416-304-0581
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Direct:
416-867-2333
|
Email:
lgaborit@detourgold.com
|
Cell:
647-621-2646
|
|
Email:
irobertson@kingsdaleadvisors.com
|
|
SOURCE Detour Gold