Evolution Mining Limited
(ASX:EVN) says its takeover offer for Phoenix Gold is free of all remaining conditions and therefore now unconditional.
The offer period has been extended by one month to 26 November 2015.
Phoenix shareholders will receive 6 cents cash and 0.06 Evolution shares per Phoenix shares in the deal.
Evolution says its share price has appreciated strongly since the offer and is now at a 77.7 per cent premium to the Phoenix share price back in June before an offer of 10 cents per share was made by Zijin.
Evolution Mining reported a net profit of $100.11 million for the 2015 financial year.
