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BRIEF-Phoenix Gold updates on Zijin Mining bid

Published 06/08/2015, 05:24 pm
Updated 06/08/2015, 05:26 pm
© Reuters.  BRIEF-Phoenix Gold updates on Zijin Mining bid
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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

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