** Shares of Australia's New World Resources NWC.AX fall as much as 4.6% to A$0.021, their lowest level since February 19
** Stock down nearly 8% for the week as of 2340 GMT, set to snap its five straight weeks of gains
** The mineral explorer announces A$14.0 million ($8.87 million) placement at an issue price of A$0.020 per share
** Issue price represents a discount of 9.1% to stock's last closing
** Proceeds from the placement to allow New World to advance the Antler Copper Project towards positive final investment decision — NWC
** Stock has risen 16.7% this year, as of 2340 GMT
($1 = 1.5790 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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