BUZZ-Australia's Dreadnought Resources hits near 2-mnth low on discounted placement

Reuters08-05

** Shares of Australia's Dreadnought Resources fall as much as 15% to A$0.017, its lowest level since June 7

** Stock posts its biggest intraday fall since June 25

** The diversified miner announces A$3.71 mln ($2.41 mln) placement at an issue price of A$0.018 per share

** Issue price represents a 10% discount to stock's last closing

** Placement to advance niobium and gold exploration - DRE

** Around 10 mln shares change hands as of 0040 GMT, vs 30-day average volume of 4.8 mln shares

** Stock down 33.3% YTD as of last close

($1 = 1.5404 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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