• Shares of Turaco Gold fall 1% to A$0.48

• Stock fell as much as 6.2% to A$0.455 in early trade, their largest intraday pct loss since mid May

• Gold explorer receives firm commitments to raise A$60 million ($38.93 million) via a placement

• Placement issue price at A$0.44 per share, a 9.3% discount to stock's last close

• Says funds will be used to advance growth and development of co's Afema project in Cote d' Ivoire

• More than 3.7 million shares change hands, 2.2 times the 30-day average

• Stock down 92.2% YTD, including the day's moves
($1 = 1.5411 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)