** Shares of EQ Resources EQR.AX fall as much as 11.4% to A$0.039, their lowest level since June 27
** Stock marks its biggest intraday fall since May 22
** Tungsten miner to raise A$4 million via placement at an issue price of A$0.035 per share
** Issue price at a discount of 20.5% to the stock's last closing
** Proceeds will be used to fund capital projects related to plant expansion, optimization works at Mount Carbine, among others - EQR
** Stock has risen 4.8% this year, as of 0106 GMT
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com))
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