Regent Releasing has acquired Lynn Roth’s period drama “The Little Traitor,” starring Alfred Molina as a British officer in occupied Palestine.Pic won the Audience Award at the Palm Beach Intl. Film Festival and is set to unspool at the Palm Springs fest Jan. 16. Regent will release it in the fall. Set in 1947 — months before Israel becomes a state — story centers on a militant 11-year-old Palestinian seized by Molina. Pic was adapted from Amos Oz’s tome “The Panther in the Basement.” Deal was negotiated by Regent’s Mark Reinhart with Lynn Roth and co-producer William Jarblum for Panther Productions along with Todd Leavitt.