Shares of Critical Resources Ltd (ASX:CRR) fall as much as 11.3% to A$0.047, posting their biggest intraday pct drop since May 5.

Exploration co to raise A$7.9 mln ($5.35 mln) via flow-through share placement.

Says A$2.3 mln to be raised through a placement at an issue price of A$0.045 per share.

Issue price at a 21.1% discount to stock's last close.

Shares hit their lowest level since July 5.

Shares up 23.3% YTD, as of last close.