• Shares of Kalgoorlie Gold Mining fall 13% to A$0.02, their lowest level since February 6

• Shares mark their biggest intraday pct loss since August 4

• Gold explorer announces A$2.3 million ($1.64 million)placement at A$0.02 per share, a 13% discount to last close

• Says proceeds will be used to accelerate exploration activities throughout its Pinjin gold project in Western Australia

• Co also announces entitlement offer to raise further A$1.1 million

• More than 4 mln shares change hands, about 3.8x the 30-day average

• YTD, stock down 60%, including session's moves

($1 = 1.3990 Australian dollars)

(Reporting by Subhalakshmi Dey in Bengaluru)