BUZZ-Australia's Westar Resources slips on discounted placement

Reuters10-22

** Shares of Westar Resources WSR.AX fall 33.3% to A$0.006, posting their biggest intraday pct loss since March 20

** Stock hits its lowest level since August 29

** Diversified miner says firm commitments received to raise A$1.5 million ($974,700.00) at an issue price of A$0.005 per share

** Issue price at a 44.4% discount to the stock's last close

** Funds to be used for exploration, on new projects - co

** About 9.1 mln shares change hands, 8.1x the 30-day average

** YTD, stock down 25%, including current session's move

($1 = 1.5389 Australian dollars)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))

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