Toronto, Ontario -- Detour Gold Corporation (TSX: DGC) ("Detour
Gold") and PDX Resources Inc. (TSX:PLG) ("PDX") announced today that
RiskMetrics Group (formerly Institutional Shareholder Services or "ISS")
and Glass, Lewis and Co. have each formally recommended that their
subscribers vote "FOR" the proposed merger of Detour Gold and PDX.
RiskMetrics and Glass Lewis are leading providers of proxy research and
voting recommendations to institutional investors in Canada and the
United States.
As indicated in the joint management information circular of Detour Gold
and PDX dated February 20, 2009, the board of directors of Detour Gold
(with the directors that also serve on PDX's board not participating)
and the board of directors of PDX (with the directors that also serve on
Detour Gold's board abstaining from voting) unanimously recommend that
their respective shareholders vote "FOR" the proposed merger.
The proposed merger remains subject to the approval of the shareholders
of each of Detour Gold and PDX. As previously announced, separate
special meetings of the shareholders of each of Detour Gold and PDX to
consider the proposed merger will be held on Thursday, March 26, at
10:00 a.m. E.T. The special meeting of the shareholders of Detour Gold
will be held at The National Club, Tudor Room, 3rd Floor, 303 Bay
Street, Toronto, Ontario. The special meeting of the shareholders of
PDX will be held at The Toronto Board of Trade, Ridout Room, 1 First
Canadian Place, 100 King Street West, Toronto, Ontario.
Shareholders of both Detour Gold and PDX are encouraged to vote "FOR"
the merger by completing, signing, dating and returning their proxy
prior to the proxy deadline of 10:00 a.m. E.T. on March 24, 2009.
Shareholders requiring assistance in voting their proxies can call
Kingsdale Shareholder Services Inc., the joint proxy solicitation agent
of Detour Gold and PDX, toll-free, at 1-866-581-1571.
About PDX Resources Inc.
PDX's principal asset is its 19 million common shares (representing a
42.2% equity interest) of Detour Gold. PDX provides prospective
investors with an opportunity to participate in potential increases in
the size of the resource at the Detour Lake project and the value of
PDX's equity interest in Detour Gold.
For further information, please contact:
Ingrid Hibbard, President & CEO
Brendan Cahill, Corporate Secretary
PDX Resources Inc., 440 Harrop Drive, Milton, Ontario L9T 3H2
Tel: 905-875-3828 / Toll-free: 1-877-746-1632 / Email:
info@pdxresources.com
About Detour Gold Corporation
Detour Gold is a Canadian gold exploration and development company whose
focus is to advance the development of its Detour Lake project located
in northeastern Ontario.
For further information, please contact:
Gerald Panneton, President and CEO
Tel: (416) 304.0800
Laurie Gaborit, Director Investor Relations
Tel: (416) 304.0581
Detour Gold Corporation, Royal Bank Plaza, North Tower, 200 Bay Street,
Suite 2040, Toronto, Ontario M5J 2J1
|