BUZZ-Australia's Kingsland Minerals hits 7-week low on discounted placement ** Shares of Kingsland Minerals Ltd KNG.AX fall as much as 11.5% to A$0.115, their lowest level since August 8
** Gold Explorer to raise A$1.6 mln ($1.05 mln) via placement
** Issue price of A$0.12, a discount of 7.7% to stock's last close
** Also to raise up to A$500,000 via a share purchase plan at same issue price as placement
** Says funds will support pre-feasibility study for Leliyn Graphite Project in Northern Territory of Australia
** About 447,564 shares traded, 2.6x 30-day average
** YTD stock down 16.7%, including current session's move
($1 = 1.5168 Australian dollars)
(Reporting by Ananya Verma in Bengaluru)
((ananya.verma@thomsonreuters.com;))
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