** Shares of Rimfire Pacific Mining RIM.AX fall 10% to A$0.027, hitting their lowest level since mid-February
** Critical minerals explorer receives firm commitments to raise A$2 mln ($1.26 mln) via a placement
** Placement issue price at A$0.025 per share, a 16.7% discount to stock's last close
** Says funds will be used for drilling programs of rare earth mineral scandium across co's projects
** Stock down 22.9% YTD, including current session's moves
($1 = 1.5886 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com))
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