Belararox Ltd Secures Additional Investment
Key points
- Belararox Ltd receives A$2M investment from strategic partner at A$0.06 per share
- Funds will support exploration at Kalahari Copper Project in Botswana
- Placement subject to shareholder approval at July 10, 2026 meeting
- Placement includes free attaching options for shareholders
Full summary
Belararox Ltd announced a binding commitment from an additional strategic investor for a further A$2 million capital raising. The funds, raised at A$0.06 per share, represent a 25% premium to the current share price. This additional placement brings the total funds raised at A$0.06 to A$6.0 million, which will support ongoing exploration at the Kalahari Copper Project in Botswana and the next phase of work at the TMT Project in Argentina. The placement is subject to shareholder approval at the general meeting to be held in Perth on July 10, 2026.
Guidance
A$2M investment received at A$0.06 per share
Outlook
Belararox Ltd expects the additional funds to support its exploration activities in Botswana and Argentina.
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