** Shares of Polymetals Resources POL.AX fall as much as 5.8% to A$0.805, their lowest since January 6

** Mining and exploration co raises A$35 million ($21.91 million) via placement at offer price of A$0.80 per share

** Offer price represents a discount of 6.4% to stock's last closing price

** Stock up ~3.8% YTD, including day's moves

($1 = 1.5972 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))