Australia's American Uranium loses most in one month on discounted placement

Shares of Australia's American Uranium AMU.AX fall as much as 10.3% to A$0.13, their biggest intraday pct drop since March 12

The uranium explorer says it would raise A$2.64 million ($1.86 million) through share placement

Offer price of A$0.12 per share represents a 17.2% discount, as of firm's last close

Company says funds to be used for further expansion, drilling at its Lo Herma ISR uranium project in the United States

Stock down 6.9% YTD, including day's moves

($1 = 1.4211 Australian dollars)