Black Range Minerals Limited (ASX:BLR) announced that Azarga will become a strategic cornerstone investor in Black Range. Azarga will own approximately 19.9% of the total shares on issue in the Company.

As quoted in the press release:

Azarga has agreed to subscribe for 327,995,000 shares in Black Range at a price of $0.007 per share, for total consideration of $2,295,965. On allotment of the shares, Azarga will hold approximately 19.9% of the total shares on issue in the Company.

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