** Shares of Belararox fall as much as 12.3% to A$0.250, their biggest intraday pct fall since Aug. 5

** Stock hits its lowest since Oct. 4

** Mineral explorer gets firm commitments to raise about A$8 mln ($5.3 mln) via placement of 32 mln new shares

** Issue price of A$0.25 is a 12.3% discount to last close on Oct. 18, before it halted trading pending capital raising announcement

** Co says funds will be used for exploration activities at its TMT Project in Argentina

** About 492,670 shares traded vs the 30-day avg of 209,509

** BRX down 16.1% YTD

($1 = A$1.4975)

(Reporting by Echha Jain in Bengaluru)

((Echha.jain@thomsonreuters.com))