** Shares of Australia's Bubalus Resources BUS.AX fall as much as 13.5% to A$0.160, their biggest intraday fall since December 17
** Stock at its lowest level since February 17, on track for its second consecutive day of losses, if the trend holds
** Mineral explorer to raise A$1.5 million ($942,300.00) via placement at an issue price of A$0.165 per share
** Issue price represents a discount of 10.8% to the stock's last closing
** Funds from placement "will be used to rapidly advance co's Victorian Gold projects" - BUS
** BUS stock has risen 30.8% this year, as of 0146 GMT
($1 = 1.5918 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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