BUZZ-Australia's Larvotto Resources falls on discounted placement

Reuters04-19

** Shares of Larvotto Resources fall as much as 7.9% to A$0.082, hitting their lowest level since April 3

** Commodities explorer undertakes placement to raise A$2 mln ($1.28 mln) at an issue price of A$0.075 per share

** Co says issue price is at a more than 15% discount to stock's last closing price

** Stock on track for its worst day since April 9, if current trend holds

** Stock set for its worst week since the week ended Nov 24, if current trend holds

** Stock had risen over 27% this year, as of last close

($1 = 1.5581 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))

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