BUZZ-Australia's <a href="https://laohu8.com/S/BLU.AU">Blue Energy</a> slides on discounted placement** Blue Energy BLU.AX slides 22.2% to A$0.007, lowest since August 11
** Stock set for weakest session since mid June
** Oil and gas explorer receives firm commitment to raise A$3.2 mln (~$2 mln) via two-tranche placement
** Issue price of A$0.005/share, represents 44.4% discount to last close
** Funds to be used to accelerate work of pilot well in co's North Bowen Basin asset in Queensland
** Co intends to undertake share purchase plan to raise up to A$250,000
** Stock logs busiest session since June 30, with ~5.4 mln shares traded - 6x the 30-day avg
** YTD, BLU falls 12.5%
($1 = A$1.5389)
(Reporting by Ananya Verma in Bengaluru)
((ananya.verma@thomsonreuters.com;))
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