** Shares of KGL Resources KGL.AX fall 3.4% to A$0.099, their lowest level since Feb. 20
** Miner proposes entitlement offer of fully paid ordinary shares to raise up to A$7.7 million ($4.88 million)
** Offer price of A$0.095 per new share is at a 7% discount to the stock's last close
** KGL up 4.2% YTD
($1 = 1.5790 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
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