Aug 6 (Reuters) - Phoenix Gold Ltd PXG.AX :
* Zijin offer will not be capable of acceptance until it is despatched to phoenix shareholders
* Phoenix advises take no action re Zijin's bid
* Reaffirms advice to shareholders to take no action on proposed takeover bid from Zijin Mining Group co., ltd
* Phoenix was unaware of zijin's intentions until the approach by zijin which occurred after market closed on 19 june 2015
* Phoenix gold ltd says while there is no guarantee that engagement will result in a superior proposal, discussions are ongoing
* Source text for Eikon ID:nWNBS015GD