KGL Resources falls most in over 2 months on discounted entitlement offer
** Shares of Australia's KGL Resources KGL.AX fall as much as 8.7% to A$0.105, marking its biggest intraday pct fall since April 17
** Mineral explorer says entitlement offer to raise up to
approximately A$15.1 mln ($10.20 mln)
** Entitlement offer at an issue price of A$0.10 per share, representing a discount of 13% to stock's last closing
** Issue of 151.3 mln shares represent 0.6% of co's free float of 244.2 mln shares - LSEG data
** Around 278,714 shares change hands as of 0330 GMT vs 30-day average volume of 149,889 shares
** Stock down 25.8% YTD, as of last close
($1 = 1.4804 Australian dollars)
Reporting by Roshan Thomas in Bengaluru
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