Detour Gold Acquires Trade Winds Ventures

Detour Gold Corporation acquired all of the outstanding common shares of Trade Winds Ventures Inc. for aggregate consideration of approximately $84 million.The transaction was carried out by way of a Plan of Arrangement pursuant to the Business Corporations Act (British Columbia). Under the Arrangement, each Trade Winds common share was exchanged for 0.0142 of one Detour Gold common share and $0.0001 in cash.

Detour Gold was represented by Julie Galloway, its Vice-President, General Counsel and Corporate Secretary and McMillan LLP with a team in Toronto that included Hellen Siwanowicz, Paul Davis, Craig Manuel, Jason Chertin, J.R. Beaudrie, Marie Bruchet, Robert Hester, Sandra Zhao (capital markets); Michael Friedman and Carl Irvine (tax) and Matthew German (real property); and a team in Vancouver that included Amandeep Sandhu (capital markets) and Karen Carteri (litigation). John Hollinrake and Ken Sam of Dorsey & Whitney LLP provided US advice to Detour Gold.

Trade Winds Ventures was represented by Wildeboer Dellelce LLP with a team comprising Charlie Malone, Al Wiens, Mark Wilson, Darryl Holyday, Michael Rennie (corporate/securities) and Kevin Fritz (tax) in Ontario; and by Paula Price (litigation) of Stikeman Elliott LLP and Verlee Webb of Anfield Sujir Kennedy & Durno LLP in British Columbia.