** Shares of Australia's Tambourah Metals TMB.AX fall as much as 9.1% to A$0.020, a record low

** Gold explorer announces placement and entitlement offer to raise A$946,000 ($613,102.60) at an issue price of A$0.02 per share

** Issue price at a discount of 9.1% to stock's last close

** Funds from placement to be used for drilling at co's projects

** YTD, stock has risen 4.8%, as of 0234 GMT

($1 = 1.5430 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))