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Evolution launches rival bid for Phoenix

EVOLUTION Mining has launched a $A56.4 million cash and scrip bid for Phoenix Gold, trumping an o...

Kristie Batten

Evolution is offering 0.06 of a share and 6c cash for each Phoenix share, equating to around 12c per Phoenix share. The proposed price is a 20% premium to Zijin’s offer price of 10c. Evolution is keen...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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