Australia's Tivan slumps on discounted capital raise
** Shares of Tivan TVN.AX fall as much as 11.6% to A$0.065, hitting their lowest since June 11
** Diversified miner says it has received firm commitments to raise A$4.5 mln ($3.00 mln) via a share placement
** Issue price of A$0.065 per share is at an 11% discount to last closing price on June 28
** Funds raised will be used for progression of the Speewah Fluorite Project in Western Australia, among others - co
** Shares fall for a third straight session
** Stock had risen ~21.7% this year, as of last close
($1 = 1.4993 Australian dollars)
Reporting by Archishma Iyer
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