** Shares of Leeuwin Metals LM1.AX fall as much as 5.8% to A$0.245, hitting their lowest level since October 15

** Diversified miner to raise A$5.8 million ($3.77 million) via a placement at A$0.235 per share

** Issue price represents a discount of 9.6% to stock's closing price on Monday

** Proceeds will accelerate exploration at the Marda Gold Project — co

** Stock up 75% YTD, including the day's moves

($1 = 1.5389 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))