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Belararox Limited (ASX:BRX)

ALERT: Price-sensitive ASX Announcement for BRX
Current share price for BRX : $0.035 -0.025 (-41.67%)+
Announcement
Release
5 May 2026 8:30AM
Price at Release
$0.060
Full Release
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Summary
Belararox Limited announced a successful A$4 million capital raise through a two-tranche placement by issuing 66,666,667 new fully paid ordinary shares at a price of A$0.06 per share. This capital raise includes investments from three strategic partners: Integra Capital from Argentina, Swiss-based investor Mr. Jose Luis Manzano, and Magnus Capital. These partners will acquire up to a 10.12% stake in the company. The funds will support exploration activities at Belararox's TMT Project in Argentina and the Kalahari Copper Project in Botswana. The first tranche of shares, amounting to $3 million, will be issued without shareholder approval, while the second tranche will require approval at a shareholder meeting scheduled for June. Each share comes with a free attaching option, exercisable at A$0.15 until December 2028. These investments are seen as a strong endorsement of Belararox's strategies in Argentina and Botswana and will facilitate the advancement of their exploration projects.
Key Points
  • Belararox secures A$4 million in capital raise
  • Investment from Integra Capital, Mr. Manzano, and Magnus Capital
  • Funds to support exploration in Argentina and Botswana
  • Two-tranche placement of 66,666,667 shares at A$0.06 each
  • Tranche 1 issued without shareholder approval
  • Tranche 2 pending shareholder approval in June
  • Free attaching option with each share exercisable at A$0.15 until December 2028
  • Strategic investors bring expertise and endorsement of company's exploration strategy
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.