** Shares of Nanollose Ltd fall as much as 36.7% to A$0.019, their lowest levels since Dec 2
** The biomaterials co to raise A$672,000 ($427,056) via placement
** Issue price of A$0.016 represents a discount of 46.7% to the co's last close on Dec 11
** Co says funds raised will be deployed towards continuing its research and development projects in fabric and fibres, among others
** Stock has risen 36.4% this year, as of last close
($1 = 1.5736 Australian dollars)
(Reporting by Namrata Verma in Bengaluru)
((namrata.verma@thomsonreuters.com))
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