** Shares of Black Cat Syndicate BC8.AX fall 6.7% to A$0.7975, their lowest level since February 20
** Gold producer says it will raise A$65 million ($40.9 million) via placement at A$0.76 per share
** Placement price represents a 9.5% discount to co's last close
** Says placement proceeds will be used for mine development at its Kal East Gold Operations in Western Australia
** About 7.7 million shares change hands vs the 30-day average of 3.4 million
** Stock up 41.2% this year, including the day's move
($1 = 1.5908 Australian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
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