Sept 26 (Reuters) - Atlas Iron Ltd AGO.AX :
* FURTHER CONDITIONAL INCREASE TO HANCOCK OFFER
* REDSTONE ADVISES THAT ITS VOTING POWER IN ATLAS HAS INCREASED TO 77.06%
* REDSTONE SAYS OFFER PRICE WILL INCREASE TO 4.6 CENTS PER ATLAS SHARE IF ITS VOTING POWER INCREASES TO 87% OR MORE DURING OFFER PERIOD
* ATLAS BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS ACCEPT HANCOCK OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
* AS AT DATE OF THIS ANNOUNCEMENT, NO SUPERIOR PROPOSAL HAS EMERGED