Richland secures $500 000 loan

Aim-listed gemstone producer Richland Resources has entered into a $500 000 unsecured loan facility with two of the company’s directors and a long-term shareholder to satisfy ongoing working capital requirements. The loan facility would provide the company with additional working capital and financial flexibility as it continues to build various sales channels to best position it to achieve optimum prices for its material and develop markets and buyers for its entire range of production, which comprises over 120 different categories of gemstones with varying grade, size and value characteristics.