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Paulson & Co To Ask Detour Gold For Special Meeting For Board Overhaul

by juniorminingnews.com posted 1month ago 105 views
By Reuters Activist investor John Paulson’s hedge fund on Thursday said it would urge Detour Gold Corp to call a special shareholder meeting to replace a majority of the company’s directors, as it pushes for change at the Canadian gold miner. Paulson & Co’s statement comes a day after the parties engaged in a heated public exchange over Detour’s failure in publicly disclosing a buyout offer. Detour did not disclose the buyout offer to Paulson because the company was aware that a third party had already informed him about it, the gold miner said in its latest statement.

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