StockMarketWire.com - Cash shell Richland Resources said it had identified a suitable reverse takeover target, though its shares had been suspended from AIM after it failed to seal a deal by a six-month regulatory deadline.

The company said it was currently in late-stage discussions with respect to a potential reverse takeover in the mining sector.

The deal involved the acquisition of majority interests in four gold exploration projects in North and South Carolina.


At 9:56am: [LON:RLD] Richland Resources share price was 0p at 0.33p



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