Nov 6 (Reuters) - Phoenix Gold Ltd PXG.AX :
* Phoenix board recommends revised offer PXG.AX
* Have reached agreement on improved terms for the proposed off-market takeover offer for Phoenix by evolution
* Says board of Phoenix unanimously recommends that Phoenix shareholders accept the revised offer
* Says the offer period for the revised offer will be extended such that it will now close at 7.00pm aest on 15 December 2015
* Says resolved to unanimously recommend that shareholders accept the revised offer, in the absence of a superior proposal
* Says notes that the revised offer is the only offer that is currently available to shareholders
* Sees the aggregate consideration under the revised offer would be A$0.0675 cash and 0.06 evolution shares for each Phoenix share
* Says total consideration values the revised offer at A$0.158 per Phoenix share
* Source text for Eikon ID:nASX6Z4VYF
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