** Shares of Australia's RLF AgTech RLF.AX fall as much as 14.3% to A$0.042, posting their biggest intraday pct drop since Sept. 3

** Stock hits its lowest level since Nov. 25

** Plant nutrition co announces A$1.05 mln ($668,430.00) placement at an issue price of A$0.03 per share

** Issue price represents a discount of 38.8% to stock's last closing

** Funds to be used for expansion of existing manufacturing facilities and raw materials costs, among others - co

** Stock has fallen 61.8% this year, as of 0118 GMT

($1 = 1.5708 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))