https://www.miningweekly.com

Phoenix calls on shareholders to accpet Evolution offer

11th December 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Takeover target Phoenix Gold has urged its remaining shareholders to accept the acquisition offer from gold miner Evolution Mining, as the offer deadline looms.

Evolution had initially offered 6c in cash and 0.06 of its own shares for every Phoenix share held, with the takeover offer subject to a limited number of customary conditions, as well as the gold price not falling below A$1 250/oz.

In November, the miner revised its offer to 6.75c a share cash and 0.06 of an Evolution share for each Phoenix share held, subject to Evolution obtaining an interest of 90%.

Evolution on Friday said it had gained an 83.79% relevant interest in Phoenix, with the offer set to close on December 15.

Evolution has previously warned that it had no plans to further increase the offer price for Phoenix shares.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024
Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.133 0.173s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: