BUZZ-Australia's Wide Open Agriculture hits record low on discounted placement

Reuters05-09

** Shares of Australia's Wide Open Agriculture fall as much as 67.5% to hit a record low of A$0.027

** Stock eyes its worst day ever

** Food and agriculture co launches placement of A$10 mln ($6.57 mln) at issue price of A$0.02 per share

** Issue price at a discount of 75.9% to stock's last closing

** Around 1.3 mln shares change hands as of 0108 GMT, vs 30-day average volume of 150,530 shares

** Stock down 49.7% YTD as of last close

($1 = 1.5218 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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