** Shares of Hot Chili HCH.AX fall 11.3% to A$1.72, their lowest level in nearly two weeks

** Copper co raises A$40 million ($28.09 million) at A$1.65 per share in a placement

** Issue price is at a discount of 14.9% to stock's last close

** Shares set for worst day since April if current losses hold

** About 751,800 shares change hands, 1.2x the 30-day average of 630,693

** Stock up 23.7% YTD

($1 = 1.4241 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))