** Shares of Australia's Surefire Resources SRN.AX fall as much as 33.3% to A$0.002, its lowest level since April 7
** Mineral explorer to raise A$3.9 million ($2.54 million) via entitlement offer at an issue price of A$0.002 per share
** Issue price represents a 33.3% discount to stock's last closing
** Funds from entitlement offer to be used for developing co's Yidby Gold and Copper Hill project
** Trading volume at 11.7 million shares, 6x the 30-day average
** Stock flat this year, as of last close
($1 = 1.5342 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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