** Shares of Australia's Swift TV STV.AX fall as much as 10% to A$0.009, their lowest level since June 3

** The broadcasting services provider secures A$2.33 million ($1.64 million) via placement at an issue price of A$0.008 per share

** Issue price at a discount of 20% to stock's last closing

** Funds from placement support contracted Swift TV deployments, inventory procurement and expansion into new customer sites, Swift says

** STV separately announces a A$2.9 million subscription agreement with Compass Group FOR Chevron's Wheatstone Onshore Facility

** Stock has risen 11.1% this year, as of last close

($1 = 1.4209 Australian dollars)