** Shares of Peak Rare Earths fall as much as 42.1% to A$0.110
** The rare-earths explorer receives firm commitments for A$6 million two-tranche institutional placement
** Issue price of A$0.10 per share represents a 47.4% discount to co's last close
** Co adds funds raised to be used to progress its Ngualla Project, others
** About 1.4 mln shares change hands, 9.8 times the 30-day average volume of shares
** Stock down 65.7% YTD, including session's moves
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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