Australia's Asara Resources gains on premium placement

** Shares of Australia's Asara Resources AAS1 rise as much as 9.1% to A$0.012

** Stock on track to record its second straight session of gains, if trend holds

** The gold explorer raises A$1.417 mln ($955,483.10) via placement at issue price of A$0.012 per share

** Issue price represents a premium of 9.1% to stock's last closing

** Proceeds of placement to be applied towards initial baseline study work, exploration activities - AS1

** Stock has risen 20% this year as of 0055 GMT

($1 = 1.4830 Australian dollars)