Phoenix Gold shareholders accepting Evolution Mining offer at speed
Evolution has jumped to a 81.05% holding in Phoenix. All Phoenix directors have unanimously recommended the offer.
Company
Evolution Mining Ltd
ASX:EVN
Evolution Mining (ASX:EVN) formerly Catalpa Resources has two gold assets, a 100% interest in the 100,000 ounce per annum Edna May Gold Operations in Western Australia and a 30% interest in the 100,000 ounce per annum Cracow Gold Operations in Queensland (70% Newcrest Mining).
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Phoenix Gold: Evolution Mining's stake swells
Directors of Phoenix Gold have unanimously recommended the offer from Evolution Mining, which has now moved to a 56.1% stake.
Phoenix Gold directors unanimously recommend revised Evolution offer
Dale Rogers, executive chairman of Phoenix, said: “On behalf of the board of Phoenix, I am pleased to advise our shareholders that we have reached an agreement with Evolution that, we believe, offers Phoenix shareholders the best poss
Phoenix Gold's directors' affirm rejection of Evolution Mining offer
Phoenix Gold directors' have once again been unanimous in their rejection of the offer by Evolution Mining. Phoenix has total resources of over 4 million ounces.
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