BUZZ-Australia's Patriot Lithium loses most in 8 weeks after completion of discounted placement

Reuters05-01

** Shares of Australia's Patriot Lithium fall as much as 15.2% to A$0.084, their biggest intraday pct drop since March 4

** Stock at its lowest level since April 8

** The lithium explorer announces completion of placement to raise A$2.5 mln ($1.62 mln) at issue price of A$0.075 per share

** Issue price represents a discount of 24.2% to stock's last closing

** Around 212,205 shares change hands, vs 30-day average volume of 111,843 shares

** Stock down 45% YTD, as of last close

($1 = 1.5461 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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