en.Wedoany.com Reported - Australian mineral exploration company Belararox announced today that it has received total investment commitments of A$4 million. Three strategic investors participated in this financing, including Argentine businessman José Luis Manzano, Argentine investment firm Integra Capital, and Swiss investor Magnus Capital. Upon completion of the transaction, each of the three parties will hold no more than 10.12% of Belararox's shares. Belararox Non-Executive Director Chris Gale stated that the addition of Manzano (whom he described as a long-term investor), Magnus, and Integra represents a significant enhancement to the world-class potential of its projects.

This capital increase will be conducted through the issuance of 66.6 million new shares, at a price corresponding to the market closing price on May 1, being A$0.06. The investment will be completed in two tranches. The first tranche, raising A$3 million through the issuance of 33.3 million shares, is expected to be allotted on May 18. The second tranche, raising the remaining A$1 million, must be received within five days following shareholder approval at the general meeting at the end of June. For every two shares subscribed, investors will receive one free option with an exercise price of A$0.06. [reference:3] The investment will be completed in two tranches. The first tranche, raising A$3 million through the issuance of 33.3 million shares, is expected to be allotted on May 18. The second tranche, raising the remaining A$1 million, must be received within five days following shareholder approval at the general meeting at the end of June. For every two shares subscribed, investors will receive one free option with an exercise price of A$0.15 and an expiry date of December 2028. Integra Capital has the right to appoint one director to the Belararox board upon completion of the second tranche placement.

The funds raised will be primarily allocated to two key exploration projects: the TMT Copper-Gold-Silver Project in San Juan Province, Argentina, and the Kalahari Copper Copper Mine Project in Botswana. The TMT project is located in the Valle del Cura area of the Iglesia Department, San Juan Province, adjacent to the Filo del Sol, a major copper discovery area held by BHP and Lundin. Company CEO Will Dix stated that the addition of these strategic investors validates the company's exploration strategy in Argentina and Botswana and provides ample funding support.

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