** Shares of Argent Minerals ARD.AX fall as much as 8.3% to A$0.022, their lowest level since August 29

** Mineral explorer receives firm commitments to raise A$4.85 million ($3.15 million)

** Issue price of A$0.021 represents a discount of 12.5% to its last close

** Funds raised will be used to advance exploration across Kempfield Silver-Polymetallic Project, New South Wales, others

** About 7 million shares change hands, 2.5x times the 30-day avg

** Stock is up 47.1% YTD, including the session's moves

($1 = 1.5389 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com))