BUZZ-Australia's European Metals dips on discounted placement** Shares of Australia's European Metals EMH.AX fall as much as 10.8% to A$0.330, their biggest intraday percent decline since December 24
** Mineral explorer on Wednesday received firm commitments for a placement to raise nearly A$3.46 million ($2.35 million) at an issue price of A$0.32 per share
** Issue price represents a 7.2% discount to co's last closing price
** Co says proceeds will be applied towards ongoing development of the Cinovec Lithium Project and general working capital
** EMH down 4.2% YTD
($1 = 1.4699 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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