** Shares of Australia's Koonenberry Gold KNB.AX fall as much as 5.9% to A$0.032, their biggest intraday pct fall since Feb. 7

** Mineral explorer announces share placement to raise A$2.0 million ($1.26 million ) at an issue price of A$0.030 per share

** Issue price at a discount of 11.8% to stock's last closing

** Funds from placement to accelerate exploration at co's Enmore and Lachlan projects - KNB

** Stock has risen 153.8% this year, as of 0439 GMT

($1 = 1.5891 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))