Australia's Clean TeQ Water falls most in 3 months on discounted share purchase plan

** Shares of Australia's Clean TeQ Water CNQ fall as much as 9.5% to A$0.335, posting their biggest intraday pct drop since Feb. 6

** Stock hits its lowest level since March 20

** Water treatment co says targeting to raise up to A$1 mln ($655,600.00) under share purchase plan, at an issue price of A$0.31 per new share

** Issue price represents a discount of 16.2% to stock's last close

** Stock up 34.6% YTD, as of last close

($1 = 1.5253 Australian dollars)