** Shares of Infinity Mining fall as much as 23.7% to A$0.029; on track to log biggest intraday drop since Oct. 3

** Diversified miner gets commitments to raise A$2 mln ($1.3 mln) through new fully paid ordinary shares at A$0.019, a 50% discount to last close on Oct. 11

** Stock hits lowest since Oct. 3

** Around 581,471 shares traded vs 30-day avg of 303,631 shares

** IMI down 78% YTD

($1 = A$1.4857)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))