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BRIEF-Evolution Mining updates on Phoenix takeover offer

Published 16/10/2015, 11:55 am
© Reuters.  BRIEF-Evolution Mining updates on Phoenix takeover offer
EVN
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Oct 16 (Reuters) - Evolution Mining Ltd EVN.AX :

* By accepting the offer, Phoenix shareholders will receive A$0.06 in cash and 0.06 Evolution shares per Phoenix share

* Accordingly, the Phoenix offer is now unconditional

* Declared takeover offer for all ordinary shares in Phoenix Gold

* Evolution offer now equivalent to A$0.153 per Phoenix share based upon evolution's volume weighted average share price on 14 and 15 October

* By accepting offer, Phoenix shareholders will receive A$0.06 in cash and 0.06 Evolution shares per Phoenix share

* Source text for Eikon ID:nASX1CxGY1

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