** Shares of Australia's Lake Resources NL fall as much as 24.4% to A$0.087, their biggest intraday fall since June 2023
** Stock at its lowest level since Feb. 6
** The lithium developer receives firm commitments in institutional placement to raise A$15 mln ($9.93 mln) at issue price of A$0.07 per share
** Issue price represents a discount of 39.1% to stock's last closing
** Issue of 213.6 mln shares represent ~0.2% of co's free float of 1.18 bln shares - LSEG data
** Stock down 11.5% YTD as of last close
($1 = 1.5108 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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