BUZZ-Australia's Pure Foods Tasmania hits record low on discounted placement

Reuters05-01

** Shares of Australia's Pure Foods Tasmania fall as much as 13.6% to a record low of A$0.038

** Stock posts its biggest intraday pct fall since March 4

** The food and beverage business firm to potentially raise A$2.2 mln ($1.42 mln) at issue price of A$0.04 per share

** Issue price represents a discount of 9.1% to stock's last closing

** Nearly 4,350 shares change hands, as of 0200 GMT, vs 30-day average volume of 57,373 shares

** Stock down 52.7% YTD, as of last close

($1 = 1.5456 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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