** Shares of AusQuest AQD.AX fall as much as 14% to A$0.049, their lowest level since November 27
** The mineral explorer receives commitments to raise A$10 million ($6.61 million) via placement
** Issue price of A$0.047, representing 17.5% discount to its last close
** About 6.4 million shares change hands, 2.4x the 30-day average
** YTD, stock up 587.5%, including the day's move
($1 = 1.5131 Australian dollars)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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