The board of Consolidated Minerals Ltd has recommended its shareholders accept an increased $4.50 per share offer from Ukraine-based Palmary Enterprises Ltd, turning its back on Brian Gilbertson's Pallinghurst Resources Australia Ltd.

The board of Consolidated Minerals Ltd has recommended its shareholders accept an increased $4.50 per share offer from Ukraine-based Palmary Enterprises Ltd, turning its back on Brian Gilbertson's Pallinghurst Resources Australia Ltd.