** West Cobar Metals WC1.AX tumbles 27.8% to record low of A$0.013; set for worst-ever session

** Mineral explorer gets firm commitments to raise A$175,000 ($111,790) via placement

** Issue price of A$0.012 represents 33.3% discount to last close

** Co says funds will be used as working capital and to evaluate potential project opportunities

** More than 724,000 shares traded, 6.4x the 30-day avg

** Stock down 82.7% YTD

($1 = A$1.5654)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))