** Aurum Resources AUE.AX drops as much as 15% to A$0.34, lowest since Sept. 11

** Gold miner offers A$10 mln ($6.4 mln) via placement at 35 AU cents, a 12.5% discount to last close

** Says proceeds will be used to allocate capital for Mako Gold MKG.AX buyout

** Around 1.2 mln shares traded vs the 30-day avg of 798,524

** AUE set to snap four weeks of decline

** Stock up 60% this year, as of last close

($1 = A$1.5521)

(Reporting by Nichiket Sunil)

((Nichiket.Sunil@thomsonreuters.com))