** Shares of Sun Silver SS1.AX fall as much as 14.8% to A$0.92, their lowest level since July 15
** The silver and gold explorer announces a placement of A$30 million ($19.79 million) at an issue price of A$0.92 per share
** Stock posts its biggest intraday percentage loss since April 7
** Net proceeds of the placement will be used to develop SS1's Maverick Springs Silver-Gold Project in Nevada, USA
** About 1.4 million shares change hands vs its 30-day avg of about 1 million
** Stock up 52.8% YTD, including the session's moves
($1 = 1.5156 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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