Livermore Supports Paulson's Detour Gold Board Nominees
Event driven activist Livermore Partners today published a letter it sent to the board of Detour Gold regarding its support for Paulson & Co's nominees to the Detour board.
Detour Gold's special meeting is due to be held next week; Livermore is supporting all of Paulson's nominees.
"It is...critical that each of us exercise our rights as shareholders and vote for meaningful change at Detour. Livermore is pleased to confirm that it intends to vote in favor of Paulson’s nominees" said David Neuhauser, Managing Partner at Livermore Partners, in the letter.
Paulson and Livermore have been pushing for change at Detour Gold Corp since the summer, and have been openly critical of the company's management. Detour closed yesterday at CAD$10.43, down from a 52 week high of CAD$15.40.