New World Resources (ASX:NWC) said Central Asia Metals agreed to increase its takeover offer to AU$0.065 per share, waive the bid condition, and declare the offer unconditional, according to a Thursday Australian bourse filing.

The firms entered into a deed of variation to the bid implementation deed, the filing said. New World shareholders who accept Central Asia's offer will receive payment within five business days of accepting it. The offer opens on Thursday.

The firms also entered into a revised $6.5 million nonbinding loan facility term sheet, under which the drawdown is no longer conditional on Central Asia obtaining a stake in over 50% of the shares in New World.

The New World board unanimously recommended that its shareholders accept the Central Asia offer, and they intend to accept the offer in respect of all shares they own or control in the absence of a superior proposal.

New World Resources' shares rose nearly 2% in recent trading on Thursday, earlier hitting a 52-week high.