BUZZ-Australia's <a href="https://laohu8.com/S/VARN.AU">Variscan Mines</a> slips on discounted placement** Shares of Variscan Mines VAR.AX fall 14.3% to A$0.006, hitting their lowest since July 11
** Stock eyes weakest session since July 11, if trends hold
** Mineral explorer receives firm commitments to raise A$2.5 million ($1.61 million) via a placement
** Placement issue price at A$0.005, representing a 28.6% discount to stock's last close
** Says funds will be used for the development of co's Novales-Udias zinc project in Spain among others
** More than 2.6 million shares change hands, 2.6 times the 30-day average
** Stock down 14.3% YTD, including the day's moves
($1 = 1.5485 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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