Detour Gold Corporation
TSX : DGC

Detour Gold Corporation

April 10, 2014 16:03 ET

Detour Gold Provides Notice of Annual General Meeting and Release of First Quarter 2014 Results

TORONTO, ONTARIO--(Marketwired - April 10, 2014) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") announces that its Annual General Meeting ("AGM") of shareholders will be held on Thursday, May 1, 2014.

The Company's 2013 audited financial statements and accompanying management's discussion and analysis of financial condition and its Management Information Circular are available on the Company's website at www.detourgold.com and under the Company's profile on SEDAR at www.sedar.com. Shareholders may also request mailed copies of the above documents free of charge by emailing info@detourgold.com.

First Quarter 2014 Results - Webcast and Conference Call Details

The Company plans to release its first quarter 2014 operational and financial results after the market closes on Wednesday, April 30, 2014. A conference call and webcast will be held at 9:00 AM ET on Thursday, May 1, 2014 to discuss the results.

Webcast: go to the Company's website homepage at www.detourgold.com

Toll-free (North America): 1-800-319-4610

Toronto Local and International: 416-915-3239

Replay archive available until May 29: Dial toll free in Canada and the United States 1-800-319-6413, or internationally 604-638-9010, pass code 1532. Webcast and presentation slides will be archived on the Company's website.

Annual General Meeting Details

Detour Gold will host its AGM on Thursday, May 1, 2014 at 2:00 PM ET in Confederation Rooms 5 & 6 of the Fairmont Royal York located at 100 Front Street West in Toronto, Ontario.

Changes to Named Executive Employment Contracts

As was stated in the Company's recently mailed Management Information Circular, the Company anticipated reviewing the terms of its executive employment agreements during 2014 with a view to replacing their single-trigger change of control provisions with double-trigger change of control provisions in accordance with the best corporate governance practices. This process was accelerated in order to permit the Company to report on such changes to shareholders in advance of its AGM.

We are pleased to report that each named executive officer has entered into a new employment agreement with the Company which incorporates double-trigger change of control provisions. In particular, the terms of the new employment agreements require, not only that a Change of Control has occurred but, in addition, that the executive's employment with the Corporation is terminated either without cause by the Corporation or by the executive for "Good Reason". The events that constitute "Good Reason" are those common to such provisions and include a material adverse change in the executive's duties, responsibilities, authority, compensation, or the terms and conditions of the employment of the executive.

About Detour Gold

Detour Gold is an emerging mid-tier gold producer in Canada. In 2014, the Company is completing the ramp-up its 100% owned Detour Lake mine to a long life, large scale open pit operation. The Detour Lake mine has proven and probable reserves of 15.5 million ounces of gold.

Contact Information

  • Detour Gold Corporation
    Paul Martin
    President and CEO
    (416) 304.0800

    Detour Gold Corporation
    Laurie Gaborit
    Director Investor Relations
    (416) 304.0581
    www.detourgold.com