Australia's Pilot Energy hits 2-month low on discounted placement
** Shares of Pilot Energy PGY.AX fall as much as 15% to A$0.017, posting their biggest intraday pct loss since Aug. 8
** Oil and gas producer receives firm commitments to raise A$3.855 mln ($2.60 mln) via placement
** Says issue price at A$0.018 per share, a 10% discount to stock's last close on Oct. 9, when trading was halted pending the capital raise announcement
** Says funds will be used for development of Mid West clean energy project in Western Australia
** Stock hits its lowest level since Aug. 30
** More than 5.3 mln shares change hands vs the 30-day avg volume of 3.3 mln shares
** Stock down ~32.7 YTD, including current session's moves
($1 = 1.4854 Australian dollars)
Reporting by Nikita Maria Jino in Bengaluru
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