Aug 20 (Reuters) - Phoenix Gold Ltd PXG.AX :
* Phoenix update - evolution's intention to bid PXG.AX
* Says notes announcement by Evolution Mining Ltd of its intention to make a conditional off-market takeover offer
* Evolution offer exceeds unsolicited $0.10 per share offer from Zijin Mining Group Co. ltd by 20%
* Recommendation is given we advise all shareholders to take no action"
* Source text for Eikon ID:nASXxl3fz