Atlas Pearls Ltd. announced an update in the company's funding arrangements in place with Boneyard Investments Pty Ltd. ("Boneyard") under the loan arrangements announced to ASX on 30 January 2017 and varied on 28 June 2017. Boneyard is an entity associated with Tim Martin, a Non-executive Director of Atlas. Atlas is pleased to advise that it has entered into a new loan agreement with Boneyard, which agreement replaces the Existing Loan Agreement and pursuant to which agreement, Boneyard has agreed to make a revolving loan facility ("Facility") available to Atlas. The aggregate of all loans provided by Boneyard under the Facility will be an amount equal to $4.5 million, being the $2.5 million loan outstanding under the Existing Loan Agreement as well as an additional loan in the amount of $2 million.