** Shares of Clara Resources Australia C7A.AX fall as much as 14.3% to A$0.003, its lowest level since March 16
** Exploration co says entered option deed, sale and purchase agreement for divestment of its Queensland Kildanga Ni-Co project
** Deal at a consideration of up to A$1.8 million ($1.27 million)
** Stock has risen 16.7% this year, including session moves
($1 = 1.4118 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))
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